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Quotes & Info
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| NTSC > SEC Filings for NTSC > Form 8-K on 23-Apr-2009 | All Recent SEC Filings |
23-Apr-2009
Change in Directors or Principal Officers, Regulation FD Disc
(d) On April 22, 2009, our board of directors, upon the recommendation of the nominating committee, elected Dr. John Foster to fill the vacancy on our board of directors created by the death of Ralph Clements on November 29, 2008. The board of directors has determined that Dr. Foster qualifies as an independent director under the independence standards set forth in Nasdaq Marketplace Rule 4200(a)(15) and Rule 10A-3(b)(1) promulgated under the Securities Exchange Act of 1934. Committee assignments for Dr. Foster are expected to be made at the next meeting of the board of directors.
Dr. Foster, 50, is the Chairman and Chief Executive Officer of privately-held Innovative Micro Technology, Inc., the leading MEMS (micro-electromechanical systems) contract manufacturer and foundry. Dr. Foster received his Ph.D in Applied Physics from Stanford University. He is the holder of 23 U.S. patents.
There are no arrangements or understandings between Dr. Foster and any other persons pursuant to which Dr. Foster was selected as a director, no transactions between our company and Dr. Foster which require disclosure under Section 404(a) of Regulation S-K, and no compensatory plan, contract or arrangement to which Dr. Foster is a party or in which he participates that was entered into in connection with his election to our board of directors.
On April 23, 2009, we issued a press release about the election of Dr. John S. Foster to our board of directors. The full text of the press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. The information in the press release is not to be deemed "filed" for purposes of the Securities Exchange Act of 1934, and is not incorporated by reference in any registration statement under the Securities Act of 1933.
(d) Exhibits
Exhibit 99.1 Press release regarding the election of Dr. John S. Foster to our board of
directors, issued on April 23, 2009 (furnished herewith).
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