"At a meeting of the board of directors of SMTC Corporation (the "Company") held on June 12, 2013, the board exempted board member David Sandberg (or funds with which Mr. Sandberg is affiliated) from the definition of "Acquiring Person" under the Company's Tax Benefits Preservation Plan, dated as of June 9, 2010, between the Company and Mellon Investor Services LLC (operating with the service name BNY Mellon Shareowner Services), a New Jersey limited liability company (as such plan has been amended prior to the date hereof), with respect to the purchase of up to an additional 350,000 shares of common stock of the Company, so long as the purchase(s) are otherwise conducted in accordance with the Company's insider trading policy and all federal and state securities laws, rules and regulations.
Mr. Sandberg abstained from participating in the discussion of or the vote on the exemption."
I don't think there is anything behind this other than more insider buying...not take overs on the cheap. That is why there was no buying at the open. I was surprised they didn't release more news about their open positions on the board