POWAY, Calif.--(BUSINESS WIRE)--Apr. 6, 2015--
Cohu, Inc. (NASDAQ: COHU) today announced that its Board of Directors
approved an amendment to accelerate the expiration date of the Company’s
rights agreement from November 9, 2016 to April 6, 2015, effectively
terminating the Company’s stockholders rights plan as of this date.
Stockholders are not required to take any action as a result of this
expiration.
Luis A. Müller, President and Chief Executive Officer of Cohu,
commented, “Our Board of Directors conducted a review of our corporate
governance practices, including our rights plan, and determined that it
was in the best interest of Cohu and its stockholders to terminate the
plan.” Müller continued, “In reaching its decision, the Board took into
consideration feedback received as part of our ongoing stockholder
outreach and engagement process.”
About Cohu:
Cohu is a leading supplier of semiconductor test and inspection
handlers, micro-electro mechanical system (MEMS) test modules, test
contactors and thermal sub-systems used by global semiconductor
manufacturers and test subcontractors as well as a supplier of mobile
microwave communications equipment.
For press releases and other information of interest to investors,
please visit Cohu’s website at www.cohu.com.
Source: Cohu, Inc.
Cohu, Inc.
Jeffrey D. Jones - Investor Relations
858-848-8106
