KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ:IDCC) held its annual meeting of shareholders
in King of Prussia, Pennsylvania today. At the meeting, InterDigital®
shareholders approved the amendment of the company’s Articles of
Incorporation and Bylaws to provide for the annual election of directors
beginning at the 2011 annual meeting of shareholders. Directors elected
by the company’s shareholders prior to the 2011 annual meeting, and
directors appointed by the board prior to the 2010 annual meeting, will
complete their respective terms. Beginning with the annual meeting of
shareholders in 2013, the declassification of InterDigital’s board will
be complete and all directors will be subject to election for one-year
terms at each annual meeting.
“After considering the trends among other leading public companies,
InterDigital’s size and financial strength and input from our
shareholders, the board determined that shareholders should have the
ability to vote annually on the election of all of the company’s
directors,” commented William J. Merritt, InterDigital’s President and
Chief Executive Officer. “We are extremely pleased that our shareholders
have overwhelmingly supported this proposal.”
In addition, shareholders approved the election of Jeffrey K. Belk and
the reelection of Robert S. Roath as members of the Board of Directors
for a three-year term expiring at the 2013 annual meeting of
shareholders. Mr. Belk, a seasoned technology executive with over a
decade of strategic marketing experience with Qualcomm Incorporated
joined InterDigital’s Board of Directors in March 2010. Currently, Mr.
Belk serves as Managing Director of ICT168 Capital, LLC, a company he
founded to focus on developing and guiding global growth opportunities
in the information and communications technology industry. Mr. Roath,
who served as the Chief Financial Officer of RJR Nabisco, Inc. before
his retirement in 1997, has served on InterDigital’s Board of Directors
since May 1997.
Finally, InterDigital shareholders also ratified the selection of
PricewaterhouseCoopers LLP as the company’s independent registered
public accounting firm for the year ending December 31, 2010.
A copy of the slides presented by Mr. Merritt at the meeting is
available in the investor relations section of the company’s web site: http://ir.interdigital.com/events.cfm.
About InterDigital
InterDigital develops fundamental wireless technologies that are at the
core of mobile devices, networks, and services worldwide. We solve many
of the industry’s most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a richer
multimedia experience years ahead of market deployment. InterDigital has
licenses and partnerships with many of the world’s leading wireless
companies.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com
Source: InterDigital, Inc.
Contact:
InterDigital, Inc.
Media Contact:
Jack
Indekeu, +1 610-878-7800
jack.indekeu@interdigital.com
or
Investor
Contact:
Janet Point, +1 610-878-7800
janet.point@interdigital.com