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News Breaks
January 2, 2014
08:03 EDTVMEMViolin Memory announces departure of COO
Violin Memory announced that Dixon Doll Jr. will step down from his position as COO to pursue other personal and professional opportunities. Doll has also notified the board that he will step down from his board position as well.
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April 15, 2014
14:52 EDTVMEMViolin Memory, Clinton group in standstill agreement
Violin Memory disclosed in a filing that on April 12 Violin Memory and Clinton Relational Opportunity Master Fund entered into a settlement agreement for the purpose of, among other things, settling a potential proxy contest with respect to the election of directors to Violinís board of directors at the 2014 annual meeting of the stockholders of Violin. Pursuant to the Settlement Agreement: On April 14, Violin increased the size of the Board from seven to eight members and appointed Vivekanand Mahadevan as a Class II Director of the Board; On April 14, effective immediately upon Mr. Mahadevanís appointment to the Board, Mr. Mahadevan was appointed to the Audit Committee of the Board;The Clinton Group has withdrawn its nomination letter to Violin and has agreed to cause all shares of Violinís common stock beneficially owned by it and its affiliates to vote in favor of the election of each of the Boardís nominees that is currently an incumbent director for election as a Class I Director. Violin has agreed to reimburse the Clinton Group for its reasonable and documented out-of-pocket third party expenses related to the Settlement Agreement and related matters, up to a maximum of $25,000.
April 14, 2014
08:12 EDTVMEMViolin Memory in pact with Clinton Group, appoints Vic Mahadevan to board
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