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Quotes & Info
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| ISIL > SEC Filings for ISIL > Form 8-K on 14-Feb-2012 | All Recent SEC Filings |
14-Feb-2012
Change in Directors or Principal Officers, Amendments to Articles of Inc. or Byl
(b) Termination of Employment of Named Executive Officer
On February 9, 2012, the employment of Peter Oaklander, one of the named executive officers of Intersil Corporation (the "Company") in fiscal year 2011, as Senior Vice President of the Company, terminated. Mr. Oaklander will remain employed by the Company through a transition period and his responsibilities as Senior Vice President will be temporarily assumed by David B. Bell, President and Chief Executive Officer of the Company.
(a) Amendments to Bylaws
On, and effective as of, February 8, 2012, the Board of Directors of Intersil Corporation (the "Company") approved an amendment and restatement of the Company's Bylaws. The amendment to the Bylaws provides a new Section 2.3 adopting a majority voting standard for the election of directors in uncontested elections. Prior to this amendment, the Company's Bylaws were silent as to the voting standard for election of directors and directors were elected using a plurality standard.
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