07.03.2018 23:43:29

Lattice Semiconductor Reaches Agreement With Lion Point Capital - Quick Facts

(RTTNews) - Lattice Semiconductor Corp. (LSCC) announced it has entered into an agreement with Lion Point Capital, LP, which owns approximately 6.2 percent of Lattice's shares, regarding the membership and composition of the Lattice Board of Directors and its committees, as well as certain customary standstill restrictions.

Three new independent directors, James Lederer, John Major and Krishna Rangasayee, will be appointed to the Board, effective March 13. With the changes, the size of Lattice's Board will temporarily increase from eight to 11 directors.

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