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Cypress Semi shareholders vote dissident directors onto board -sources
June 20, 2017 / 6:40 PM / 6 months ago

Cypress Semi shareholders vote dissident directors onto board -sources

NEW YORK, June 20 (Reuters) - Cypress Semiconductor shareholders voted two directors nominated by the company’s ex-CEO onto the company’s board on Tuesday, according to people familiar with the matter.

T.J. Rodgers, the company’s founder and former CEO, has waged a battle against Cypress Semiconductor, upset at the actions of the board. Rodgers is the company’s largest individual shareholder.

Rodgers’ board nominees - Camillo Martino and Daniel McCranie - won election to the board, the people familiar with the matter said, citing preliminary voting results.

Reporting by Michael Flaherty; editing by Grant McCool

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