Mentor Graphics Amends and Restates Shareholder Rights Plan and Bylaws
27 12월 2011 - 11:15PM
Business Wire
Mentor Graphics Corporation (NASDAQ:MENT) today announced that
it has entered into an Amended and Restated Rights Agreement to
renew its shareholder rights plan that would otherwise have expired
on December 31, 2011 and also amended and restated the bylaws of
the Company.
The Amended and Restated Rights Agreement amends the shareholder
rights plan previously in effect by (i) extending the
expiration date of the plan by 18 months to June 30, 2013, (ii)
increasing the exercise price per right from $50 to $65, and (iii)
making certain other technical and conforming changes. The Amended
and Restated Rights Agreement was not adopted in response to any
acquisition proposal.
The amended and restated bylaws were adopted to update the
advance notice provisions with respect to stockholder proposals to
provide, among other things, greater flexibility for stockholders
in response to concerns raised by stockholders in connection with
the 2011 Annual Meeting. The revisions (i) give stockholders more
time to submit business proposals or director nominations by
changing the advance notice deadline from 90 days before the
anniversary of the prior year annual meeting to 30 days before the
anniversary of the prior year proxy statement, (ii) increase from
10 days to 30 days the minimum time period for stockholders to
submit business proposals or director nominations after
announcement of a change in our annual meeting date,
(iii) expand and modify the disclosure stockholders must
provide when submitting proposals and nominations at special or
annual meetings, and (iv) make certain other technical and
conforming changes.
On December 27, 2011, the Company filed a Current Report on Form
8-K with the Securities and Exchange Commission that provides
summaries of the terms of the Amended and Restated Rights Agreement
and the amended and restated bylaws and includes copies of the
Amended and Restated Rights Agreement and amended and restated
bylaws as exhibits.
About Mentor Graphics
Mentor Graphics Corporation (NASDAQ: MENT) is a world leader in
electronic hardware and software design solutions, providing
products, consulting services and award-winning support for the
world’s most successful electronic, semiconductor and systems
companies. Established in 1981, the company reported revenues in
the last fiscal year of about $915 million. Corporate headquarters
are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon
97070-7777. World Wide Web site: http://www.mentor.com/.
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
regarding the Company’s results of operation and long-term
strategy. Investors are cautioned that these forward-looking
statements are based on current information and expectations, and
are subject to risks and uncertainties discussed in Company filings
with the Securities and Exchange Commission, which could cause the
Company’s actual results to differ materially from expected
results. The Company undertakes no obligation to publicly update
any forward-looking statement contained in this release, whether as
a result of new information, future developments or otherwise,
except as may be required by law.
(Mentor Graphics is a registered trademark of Mentor Graphics
Corporation. All other company or product names are the registered
trademarks or trademarks of their respective owner.)
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