Wednesday, January 18, 2006

Tate, Rambus COB, gives up options

In a filing with the SEC (1/16/06), Rambus announced that Geoffrey Tate, Chairman of the Board of Rambus Inc. agreed to cancel an aggregate of 665,000 unvested options to purchase common stock of RMBS and 500,000 unvested common stock equivalents of RMBS held by him.

This action was taken by Mr. Tate unilaterally in connection with his wishing to conform his compensation going forward as a non-employee Board member of the Registrant to the Registrant’s current policies with respect to Board and executive compensation.

Hat tip to Geoffrey Tate.

Stunned, simply stunned.

You may purchase the hat here.

1 comment:

Empiricum said...

I like Any Donkey's mountain climbing hat better.

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