Tranche Update on Adeia Inc.'s Equity Buyback Plan announced on June 15, 2020.Īdeia Inc. Street Est of $0.25Įarnings Flash (ADEA) ADEIA Reports Q2 Revenue $83.2M, vs. Transcript : Adeia Inc., Q2 2023 Earnings Call, Aug 07, 2023Įarnings Flash (ADEA) ADEIA Posts Q2 EPS $0.26, vs. Appoints Jarl Berntzen as Chief Corporate Development OfficerĪdeia Swings to Q2 Earnings, Revenue Falls Further, the counsel stated that in view of the foregoing, the Company seeks the agreement of Starboard, and the consent of each of Starboard's nominees for the election of directors at the annual meeting to include each of the Starboard nominees on a universal proxy card for the annual meeting that would list each of the Starboard nominees, in addition to the Board's 6 nominees.įurther, the Counsel stated that if it doesn't hear from Starboard affirmatively by May 2, 2013, the Company will assume that Starboard is not willing to facilitate such consent.Īdeia Inc. This waiver requires that Starboard provide the names of such nominees and all other information required by Section 2.5 of the Company's bylaws, by no later than May 9, 2013. In addition, the counsel wrote that in view of the expansion of the size of the Board, the Board has determined to provide Starboard a waiver from such deadline to permit Starboard to provide notice of an additional 2 nominees should Starboard determine to run a full 8-person slate. Furthermore, the counsel stated that by doing this, the Company has effectively assured that under the plurality voting standard of its bylaws Starboard Value and Opportunity Master Fund Ltd will obtain representation of at least 2 of its nominees on the Board. Further, the counsel stated that the Board is, however, still nominating a slate of 6 directors for the available 8 seats. sent a letter to Starboard Value LP's outside legal counsel, stating that the Company has determined to expand the number of board seats that will be open for election at Company's 2013 annual meeting of stockholders by 2 seats such that effective as of the annual meeting the Board will consist of 8 members. On April 29, 2013, outside legal counsel to Tessera Technologies, Inc.
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