Simtek Reports Results of Annual Meeting
June 23 2008 - 8:19AM
Business Wire
Simtek Corporation (NASDAQ: SMTK), the inventor, pioneer, and
world�s premier supplier of nonvolatile static random access memory
(nvSRAM) integrated circuits, today announced the results of its
annual meeting of shareholders held on June 19, 2008, in Colorado
Springs, Colorado. Shareholders of Simtek approved the following
proposals: Re-election of five directors to Simtek�s board of
directors, each to serve until the 2009 annual meeting of
shareholders and until their successors have been duly elected and
qualified. The re-elected directors include: Harold A. Blomquist,
Robert C. Pearson, Alfred J. Stein, John Hillyard and Philip Black.
Ratification of the selection of Hein & Associates LLP as
Simtek�s independent registered public accounting firm for the year
ending December 31, 2008. Evaluation of Strategic Alternatives
Shareholders have expressed questions regarding a potential
strategic transaction involving the Company. On April 11, 2008, we
announced that we remain committed to building value for all of our
stockholders and that we will continue to explore various strategic
alternatives in order to maximize long-term value for stockholders.
We continue to actively work on such alternatives with our
advisors. About Simtek Corporation Simtek Corporation designs and
markets high-speed nonvolatile semiconductor memory products for
use in a variety of systems including RAID servers, storage arrays,
GPS navigational systems, industrial controllers, robotics,
copiers, avionics, metering, consumer, UPS, and networking and
broadcast equipment. Information on Simtek products can be obtained
from its web site: www.simtek.com; email: information@simtek.com.
The company is headquartered in Colorado Springs, Colorado.
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including statements
predicting Simtek's future growth. These forward-looking statements
are inherently difficult to predict and involve risks and
uncertainties that could cause actual results to differ materially,
including, but not limited to, guidance and projections of future
performance including predictions of future revenue, profitability,
and expectations of the business environment in which Simtek
operates. For a detailed discussion of these and other risk
factors, please refer to Simtek's filings with the Securities and
Exchange Commission (SEC), including its Annual Report on Form 10-K
and subsequent Form 10-Q and Form 8-K filings.
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