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News Breaks | | | | June 20, 2012 | | 08:08 EDT |  | IDTI | Integrated Device adds two board members recommended by Starboard
Integrated Device will expand its board of directors from seven to nine members and appoint two directors recommended by Starboard Value to the new seats, pursuant to an agreement with Starboard. In addition, IDT’s board has agreed to work with its two new directors to identify an additional mutually agreeable independent director candidate to join the IDT Board, which will remain fixed at 9 members. Under the agreement, Peter A. Feld, Managing Member, Portfolio Manager and Head of Research at Starboard, and Jeffrey S. McCreary, formerly a senior executive of Texas Instruments and currently a director of MIPS Technologies, will be appointed to the two new seats on the IDT Board. | |
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