May 27, 2017 7:00 PM ET

Electronic Equipment, Instruments and Components

Company Overview of InvenSense, Inc.

Company Overview

InvenSense, Inc. designs, develops, manufactures, markets, and sells sensor systems on a chip in the United States, China, Taiwan, South Korea, Japan, France, Canada, Slovakia, and Italy. It offers accelerometers, gyroscopes, and microphones for the mobile, wearable, smart home, gaming, industrial, and automotive market segments. The company delivers solutions based on motion and sound technology to smartphones, tablets, wearables, console and portable video gaming devices, digital television and set-top box remote controls, fitness accessories, sports equipment, digital still cameras, automobiles, ultra-books, laptops, hearing aids, stabilization systems, tools, navigation devices, remote c...

1745 Technology Drive

Suite 200

San Jose, CA 95110

United States

Founded in 2003

632 Employees

Phone:

408-501-2200

Fax:

408-988-8104

Key Executives for InvenSense, Inc.

Chief Executive Officer, President and Director
Age: 54
Chief Financial Officer and Vice President
Age: 58
Vice President of Technology & Worldwide Manufacturing
Age: 50
Senior Director of Marketing & Communications
Vice President of Corporate Development
Compensation as of Fiscal Year 2016.

InvenSense, Inc. Key Developments

InvenSense, Inc. Announces Executive Changes

InvenSense, Inc. (the “company”) entered into an agreement and plan of merger, dated as of December 21, 2016, among the company, TDK Corporation, and TDK Sensor Solutions Corporation, (“Merger Sub”). Subsequently TDK Corporation assigned all of its rights, interests and obligations under the merger agreement to TDK USA Corporation (“Parent”), pursuant to the terms of an Assignment and Assumption Agreement dated as of May 8, 2017. Upon completion of the merger, Thomas Kossman, Noboru Saito and Francis J. Sweeney, who constituted the Board of Directors of Merger Sub, became directors of the company, and seven of the eight directors of the company immediately prior to the effective time, Amir Faintuch, Usama Fayyad, Emiko Higashi, Jon Olson, Amit Shah, Eric Stang, and Yunbei “Ben” Yu resigned effective upon the closing of the merger and are no longer directors of the company.

NYSE To File Form 25 With SEC To Delist And Deregister Common Stock Of InvenSense

InvenSense, Inc. (Company) previously entered into an Agreement and Plan of Merger (Merger Agreement), dated as of December 21, 2016, among the Company, TDK Corporation and TDK Sensor Solutions Corporation (Merger Sub). In connection with the closing of the Merger, the Company notified the New York Stock Exchange (NYSE) on May 18, 2017 that each outstanding share of Common Stock was converted pursuant to the Merger Agreement. The Company requested that the NYSE delist its Common Stock on May 18, 2017 and, as a result, trading of the Common Stock on the NYSE was suspended prior to the opening of the NYSE on May 18, 2017. The Company also requested that the NYSE file a Form 25 with the SEC to remove the Common Stock from listing on the NYSE and to deregister the Common Stock pursuant to Section 12(b) of the Securities Exchange Act of 1934, as amended (Exchange Act). Additionally, the Company intends to file with the SEC a Form 15 requesting the termination of registration of the Common Stock under Section 12(g) of the Exchange Act and the suspension of the Company’s reporting obligations under Section 13 and 15(d) of the Exchange Act.

InvenSense, Inc., Special/Extraordinary Shareholders Meeting, May 17, 2017

InvenSense, Inc., Special/Extraordinary Shareholders Meeting, May 17, 2017, at 10:00 Pacific Standard Time. Location: corporate headquarters United States Agenda: To consider the acquisition by TDK Corporation of InvenSense, including from the committee on Foreign Investment in the United States and all other necessary regulatory authorities, and the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired.

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