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| TXCC > SEC Filings for TXCC > Form 8-K on 8-Apr-2009 | All Recent SEC Filings |
8-Apr-2009
Change in Directors or Principal Officers
The Board of Directors of TranSwitch Corporation announced today that Dr. Albert E. Paladino, 76, Mr. Alfred F. Boschulte, 66, and Dr. Hagen Hultzsch, 68, informed the Board of Directors of TranSwitch Corporation (the "Company") on April 1, 2009, that they would not stand for re-election as Board Members of the Company when their terms expire at the Company's Annual Meeting. Dr. Paladino served as a member of the Board of Directors for 21 years. He also served most recently as the Chairman of the Finance/Strategic Planning Committee, and as a member of the Audit Committee. Mr. Boschulte served as a member of the Board of Directors for 11 years. He also served as Chairman of the Board from 2005 to 2008 and most recently as the Chairman of the Compensation Committee. Dr. Hultzsch served as a member of the Board of Directors for eight years. He also served most recently as a member of the Compensation Committee and the Finance/Strategic Planning Committee. He earlier served as a member of the Audit Committee.
Dr. Santanu Das, President and Chief Executive Officer, stated, "On behalf of the entire TranSwitch organization, I would like to thank Dr. Paladino, Mr. Boschulte and Dr. Hultzsch for their immense contribution to the Company and wish them the very best in all their future endeavors."
Dr. Das further stated, "Dr. Paladino was the founding investor of the Company. He is unique in that he thinks strategically, but at the same time, is very process-oriented when it comes to dealing with issues. His advice and guidance over the last 21 years have been invaluable. He will be badly missed. Al Boschulte has a wealth of knowledge of the communications space and was always available to mentor members of the management team when asked. We will all miss him and his willingness to share his knowledge and experience. Hagen has a varied background. He is very familiar with communications standards because of his association with different standards organizations. He always asked us to think out of the box. The TranSwitch team will miss him."
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