INFINERA'S PROPOSALS BEFORE THE EGM IN TRANSMODE
(Thomson Reuters ONE) -
Stockholm, Sweden - 7 September, 2015
On 12 August 2015, Infinera Corporation ("Infinera") announced that its public
takeover offer to the shareholders in Transmode AB (publ) ("Transmode") was
declared unconditional and completed. Against this background, the Board of
Transmode has, as previously announced, summoned an extraordinary general
meeting to be held on Monday, 14 September 2015.
Infinera has presented the following proposals before the extraordinary general
meeting:
Item 7: The Board is proposed to have three members, without any alternate
members.
Item 8: Brad Feller, James L. Laufman and Karl Thedéen are proposed as Board
members. Brad Feller is proposed as Chairman of the Board.
Item 9: No fees are proposed to be paid to the Board members.
Brad Feller is Chief Financial Officer at Infinera since March 2014. Before he
started working for Infinera, Feller was acting Chief Financial Officer and
before that Vice President, Corporate Controller at Marvell Technology Group
Ltd. from 2008. Before that, Feller held different positions at Integrated
Device Technology, Inc and different positions within technology at Ernst &
Young LLP. Feller is an authorized public accountant (inactive) in the state of
California and holds a B.S. in Business Administration from San Jose State
University.
James L. Laufman is Senior Vice President, General Counsel and Corporate
Secretary at Infinera since October 2014. Before he started working for
Infinera, Laufman was Vice President and General Counsel at Marvell
Semiconductor Inc. from 2008. Before that, he has, inter alia, been General
Counsel and Secretary at Integrated Device Technology, Inc. and Senior Corporate
Counsel at Quantum Corporation. Laufman holds a B.S. in Business Administration,
Finance from California State University, Chico and a J.D. from Santa Clara
University School of Law.
Karl Thedéen is Chief Executive Officer at Transmode since 2007. Before that,
Thedéen held several different senior positions within Ericsson Group, including
Board member of Ericsson Network Technologies AB from 2004 - 2007 and Vice
President Product Area Wireline in Ericsson AB from 2004 - 2006. Thedéen has
also been Sales Manager at TeliaSonera from 2002 - 2004. Thedéen is a Board
member of Latour Industries AB and HMS Networks AB and holds a Master of Science
degree in Systems Engineering from KTH, the Royal Institute of Technology in
Stockholm.
The Board proposes that Sara Mindus is elected Chairman of the meeting.
For further information, please contact:
Karl Thedéen, Chief Executive Officer
Telephone: +46 8 527 675 50
About Transmode
Transmode is a global provider of packet-optical networking solutions that
enable fixed line and mobile network operators to cost effectively address the
capacity needs created by the rapid growth in video and data traffic. These
solutions are important building blocks in next-generation high-speed optical
networks that support services such as broadband backhaul, mobile data backhaul,
video delivery services and cloud computing. Transmode's solutions are designed
to increase the capacity, flexibility and functionality of metro and regional
networks and are based on Wavelength Division Multiplexing (WDM) and transport
technologies such as Ethernet. Transmode's Native Packet Optical 2.0
architecture gives customers key advantages such as cost efficient Ethernet
services, ultra-low latency, low power consumption and future proof network
design.
Transmode is headquartered in Stockholm, Sweden and is listed on the NASDAQ OMX
Stockholm Exchange (TRMO). Since 2000 the company has installed more than
50,000 systems for over 650 fixed and mobile network operators, service
providers, large enterprises and public institutions in over 50 countries across
the globe.
For additional information about Transmode, please visit www.transmode.com.
Press release (PDF):
http://hugin.info/134733/R/1950250/709000.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Transmode via GlobeNewswire
[HUG#1950250]
Unternehmensinformation / Kurzprofil:
Datum: 07.09.2015 - 16:00 Uhr
Sprache: Deutsch
News-ID 418311
Anzahl Zeichen: 5071
contact information:
Town:
Stockholm
Kategorie:
Business News
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