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Exar Corp. Message Board

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  • Aug 27, 2012 1:46 PM Flag

    Exar board of director shake up

    I suspect that it will be announced at the annual shareholders meeting in September that Leza is out. I have to believe that DiNardo will want to influence the shaping of the BOD as much as he can. Leza and Guy Adams were activist investors that took control of Exar back in 2005 through a proxy that was run by a hedge fund both were involved in. Since Leza involved himself in the company, the stock has dropped and Leza has personally profitted while the company was bleeding. He has zero semiconductor experience but continues to drive crazy strategic direction. Word coming out of Future Electronics (the largest shareholder) is that Richard is done. Good news for share holders

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