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Cypress Semiconductor Corp (CY.OQ)

CY.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Cypress Semiconductor's former CEO delivers letter to Cypress' independent directors
Wednesday, 22 Mar 2017 03:00pm EDT 

T.J. Rodgers, former CEO of Cypress :Delivers letter to Cypress Semiconductor's independent directors regarding annual meeting of stockholders.  Full Article

Cypress Semiconductor says Glass Lewis & Co recommended co's stockholders consent for proposal to eliminate cumulative voting
Wednesday, 15 Mar 2017 04:45pm EDT 

Cypress Semiconductor Corp :Cypress semiconductor-independent proxy advisory firm glass, lewis & co recommended co's stockholders consent for proposal to eliminate cumulative voting.  Full Article

Cypress Semiconductor's T.J. Rodgers provides investor presentation for stockholders
Monday, 13 Mar 2017 08:30am EDT 

:T.J. Rodgers, founder and former CEO of Cypress Semiconductor, says recommends Cypress stockholders elect Dan Mccranie and Camillo Martino to Cypress board.  Full Article

T.J. Rodgers files preliminary consent information statement with SEC
Wednesday, 8 Mar 2017 08:30am EST 

T.J. Rodgers: T.J. Rodgers - filed preliminary consent information statement with sec related to solicitation of consents for approval of amendment co's charter . T.J. Rodgers says "I believe that board needs new directors" .T.J. Rodgers - amendment to Cypress Semiconductor's charter to eliminate cumulative voting in election of directors.  Full Article

Cypress Semiconductor files definitive consent solicitation to eliminate cumulative voting
Friday, 3 Mar 2017 08:00am EST 

Cypress Semiconductor Corp : Cypress Semiconductor files definitive consent solicitation to eliminate cumulative voting .Cypress Semiconductor - board believes it needs to take the action now to protect stockholders from former CEO T.J. Rodgers' efforts to regain boardroom influence.  Full Article

Cypress Semiconductor confirms ex-CEO Rodgers filed lawsuit
Friday, 17 Feb 2017 06:30am EST 

Cypress Semiconductor Corp : Confirmed ex-CEO T.J. Rodgers filed lawsuit demanding books of co, submitted nominations for 2 candidates for board election . Says nominating and corporate governance committee met with and evaluated Rodgers' nominees . Says offered to expand board from seven to eight directors and appoint Daniel Mccranie as a director of company . Board has approved amendment to bylaws to adopt a majority vote standard for election of directors in uncontested elections . Board has approved amendment to bylaws to adopt plurality vote standard for election of directors in contested elections . Board approved amendment to bylaws to implement proxy access, subject to stockholder approval of proposal to eliminate cumulative voting . Rodgers rejected proposal to expand board from seven to eight directors, appoint mccranie as director .Board determined it's not in best interest of stockholders to add Rodgers' nominees under terms Rogers' terms, has rejected his demands.  Full Article

Cypress Semiconductor Qtrly diluted loss $0.22 per share
Thursday, 2 Feb 2017 04:05pm EST 

Cypress Semiconductor Corp : Cypress Semiconductor Corp says inventory at end of q4 was $287.8 million, up 16.2 pct from Q3 of 2016 . Qtrly diluted loss $0.22 per share . Q4 earnings per share view $0.14, revenue view $525.6 million -- Thomson Reuters I/B/E/S . Qtrly non-gaap earnings per share $0.15 . Q4 revenue $530.2 million versus I/B/E/S view $525.6 million . Sees Q1 revenue $495 million to $525 million . Q1 revenue view $496.3 million -- Thomson Reuters I/B/E/S . Sees Q1 loss per share $0.18-$0.22 . Sees Q1 non-gaap earnings per share $0.09-$0.13 . Q1 earnings per share view $0.10, revenue view $496.3 million -- Thomson Reuters I/B/E/S .Cypress - inventory at end of Q4 was $287.8 million, up 16.2 pct from Q3 of 2016.  Full Article

Cypress posts Q3 adj. earnings $0.15/shr
Thursday, 27 Oct 2016 04:05pm EDT 

Cypress Semiconductor Corp : Cypress reports third quarter 2016 results . Q3 revenue $530.1 million versus I/B/E/S view $525 million . Cypress Semiconductor Corp sees Q4 non-GAAP EPS $0.12 to $0.16 . Cypress Semiconductor Corp sees Q4 diluted loss per share in the range of $0.25 to $0.20 . Cypress Semiconductor Corp qtrly non-GAAP EPS $0.15 . Cypress Semiconductor Corp - qtrly results include impact of wireless IOT business acquired from broadcom on July 5, 2016 . Cypress Semiconductor Corp - inventory at end of Q3 was $247.7 million, up 12 pct from Q2 of 2016 . Cypress Semiconductor Corp - qtrly EPS $0.03 .Cypress Semiconductor Corp sees Q4 of 2016 GAAP revenue $510 million to $540 million.  Full Article

Cypress Semiconductor says adopted a restructuring plan
Monday, 3 Oct 2016 04:26pm EDT 

Cypress Semiconductor Corp [CY.O] : A portion of charges may be recorded and paid in cash through fiscal year 2017 - SEC filing . Cypress semiconductor corp says on september 27, 2016, co adopted a restructuring plan . Expects to eliminate approximately 500 positions from its global workforce across all business and functional areas . Expects to record and pay cash employee severance and other related charges in a range of about $40 million to $50 million, primarily in q3 and q4 . 2016 restructuring plan may not result in a material reduction in future operating expenses .Plans to reinvest portion of savings generated from 2016 restructuring plan into employee related matters, business initiatives.  Full Article

Cypress names Hassane El-Khoury as next CEO
Thursday, 11 Aug 2016 08:00am EDT 

Cypress Semiconductor Corp : Khoury as next ceo . Ray bingham's current role as chairman of board has been expanded to executive chairman .Concurrent with changes, as planned, former cypress ceo T.J. Rodgers has resigned from cypress and cypress board.  Full Article

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BRIEF-Cypress Semiconductor's former CEO delivers letter to Cypress' independent directors

* Delivers letter to Cypress Semiconductor's independent directors regarding annual meeting of stockholders Source text for Eikon: Further company coverage: