Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Directors
On November 2, 2009, Joseph S. Kennedy, the current Chairman of the Board of
Directors of Adaptec, Inc. (the "Company" or "Adaptec"), notified the Company of
his intention to resign from Adaptec's Board of Directors, effective immediately
upon the certification from IVS Associates, Inc. that an adequate number of
written consents have been delivered to the Company by Steel Partners II, L.P.
("Steel Partners") on October 30, 2009, to adopt the three proposals relating to
its bylaws and the composition of the Company's Board of Directors, as described
in Steel Partners' consent solicitation filed with the Securities Exchange
Commission.
Add
ADPT to Portfolio
Set Alert
Email to a
Friend