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Quotes & Info
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| TQNT > SEC Filings for TQNT > Form 8-K on 8-Aug-2012 | All Recent SEC Filings |
8-Aug-2012
Change in Directors or Principal Officers
(d) On August 8, 2012, the Board of Directors of TriQuint Semiconductor Inc. ("TriQuint" or the "Company") increased the size of the Board of Directors of the Company (the "Board") from seven to eight members and appointed Mr. Roderick Nelson to serve as a non-employee member of the Board for a term expiring at the 2013 annual meeting of stockholders. The Board also appointed Mr. Nelson to the Nominating and Governance Committee of the Board.
In connection with his appointment to the Board and in accordance with TriQuint's Automatic Stock Option Grant Program for Eligible Directors, Mr. Nelson has been granted options under the Company's 2012 Incentive Plan to purchase up to 63,175 shares of the Company's common stock at a per share exercise price of $5.70, the closing price of the Company's common stock on August 8, 2012. Pursuant to the grant, the options have a term of ten years and vest at a rate of 28% on the first anniversary of the grant date and 2% per month thereafter. Upon retirement, all unvested options would vest immediately. Mr. Nelson will participate in the standard compensation plan for non-employee directors, including a pro rata portion of the $35,000 annual retainer and reimbursement for out-of-pocket expenses incurred in connection with his attendance at Board meetings, as described in the Company's proxy statement filed with the Securities and Exchange Commission.
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits Exhibit No. Description 99.1 Press Release of TriQuint Semiconductor, Inc. dated August 8, 2012 |
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