Outstanding Stock Options of Former Rambus CEO Terminated
Los Altos, California, United States - January 04, 2007 -- Rambus Inc. (NASDAQ:RMBS) today announced that 2,736,800 stock options, which had previously been issued to former CEO Geoff Tate, were terminated in 2006. Mr. Tate served as CEO of Rambus from 1990 to 2005 and held the position of Chairman of the Board from 2005 to May 2006.
Mr. Tate resigned from the Board of Directors on August 13, 2006, and thus his options would have expired by their terms on November 13, 2006. Prior to the expiration of the options, Mr. Tate and Rambus entered into an agreement to conditionally extend the exercise period of the options, subject to fulfillment by Mr. Tate of certain obligations. The obligations set forth in the conditional extension were not met by Mr. Tate, and thus the extension expired on December 1, 2006, and the options were thus terminated.
About Rambus Inc.
Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed chip interfaces. Since its founding in 1990, the Company's patented innovations, breakthrough technologies and renowned integration expertise have helped industry-leading chip and system companies bring superior products to market. Rambus' technology and products solve customers' most complex chip and system-level interface challenges enabling unprecedented performance in computing, communications and consumer electronics applications. Rambus licenses both its world-class patent portfolio as well as its family of leadership and industry-standard interface products. Headquartered in Los Altos, California, Rambus has regional offices in North Carolina, India, Germany, Japan, Korea and Taiwan. Additional information is available at www.rambus.com.
|
Related News
- Controversial former Arm China CEO founds RISC-V chip startup
- RISC-V startup recruits former Agile Analog CEO Ramsdale
- EdgeQ Adds Former Qualcomm CEO Paul Jacobs & CTO Matt Grob as Advisors to Disrupt the Current Closed RAN Ecosystem with RISC-V based Highly Programmable 5G and AI Platform
- Rambus Announces New Stock Repurchase Program
- Agile Analog welcomes Sir Hossein Yassaie, former Imagination Technologies Founder and CEO, to its Board
Breaking News
- HPC customer engages Sondrel for high end chip design
- Ubitium Debuts First Universal RISC-V Processor to Enable AI at No Additional Cost, as It Raises $3.7M
- TSMC drives A16, 3D process technology
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers
- Blueshift Memory launches BlueFive processor, accelerating computation by up to 50 times and saving up to 65% energy
Most Popular
- Cadence Unveils Arm-Based System Chiplet
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- TSMC drives A16, 3D process technology
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Blueshift Memory launches BlueFive processor, accelerating computation by up to 50 times and saving up to 65% energy
E-mail This Article | Printer-Friendly Page |