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PMCS > SEC Filings for PMCS > Form 8-K on 20-Dec-2013All Recent SEC Filings

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Form 8-K for PMC SIERRA INC


20-Dec-2013

Change in Directors or Principal Officers


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On December 17, 2013, James V. Diller, Sr., resigned from the Board of Directors (the "Board") of PMC-Sierra, Inc. ("PMC"). Mr. Diller's resignation comes after thirty years of service to PMC and the announcement on December 16, 2013 by Avago Technologies Limited ("Avago") that Avago had entered into a definitive agreement to acquire LSI Corporation, a PMC competitor. Mr. Diller is the Chairman of Avago's board of directors.

The Board has accepted Mr. Diller's resignation effective December 23, 2013. The Board is very grateful to Mr. Diller for his vast contributions to PMC over the past three decades.

In connection with Mr. Diller's resignation and pursuant to the Board's authority under PMC's bylaws, the Board has reduced the size of the Board from nine members to eight members upon the Effective Date until such time as the Board shall otherwise determine.


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