September 27, 2016 12:02 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Microsemi Storage Solutions, Inc.

Company Overview

PMC-Sierra, Inc. designs, develops, markets, and supports semiconductor solutions for communications network infrastructure equipment worldwide. Its semiconductor devices enable networking equipment primarily in three markets, including storage, optical, and mobile networks. The company’s storage products comprise RAID-on-chip, protocol controllers, flash controllers, host bus adapter and serial attached small computer system interface expanders, and MIPs processors that enable high-speed communication servers, switches, and storage devices to store, manage, and move large quantities of data securely. Its optical products include wide area network communication products focusing on metro and...

1380 Bordeaux Drive

Sunnyvale, CA 94089

United States

Founded in 1983

1,442 Employees

Phone:

408-239-8000

Fax:

408-492-1157

Key Executives for Microsemi Storage Solutions, Inc.

President and Director
Age: 46
Chief Financial Officer, Treasurer and Director
Age: 61
Compensation as of Fiscal Year 2016.

Microsemi Storage Solutions, Inc. Key Developments

PMC-Sierra Inc. Announces Management Changes

In accordance with the terms of the Merger Agreement, at the Effective Time all of the members of the PMC-Sierra Inc.'s board of directors were removed and the directors of Purchaser immediately prior to the Effective Time, which consisted of Steven G. Litchfield and Paul Pickle, became the only directors of the Company immediately after the Effective Time. Following the Effective Time, the board of directors of the Company appointed two additional directors, Esam Elashmawi and John W. Hohener. Following the Effective Time, each of the executive officers of the Company including Greg Lang (the Company's President and Chief Executive Officer), Steven J. Geiser (the Company's Vice President and Chief Financial Officer), Travis Karr (the Company's Vice President and General Manager, Enterprise Storage Division) and Alinka Flaminia (the Company's Vice President, General Counsel and Corporate Secretary) were removed from their respective positions by the board of directors of the Company. Also following the Effective Time, Paul Pickle was appointed as the President of the Company and John W. Hohener was appointed as the Chief Financial Officer and Treasurer of the Company. The newly appointed officers and directors of PMC are all existing executive officers or employees of Microsemi Corporation appointed to such positions at PMC in connection with Microsemi's acquisition of PMC and are not entering into additional compensation arrangements in connection with such appointments.

Microsemi Storage Solutions, Inc.(NasdaqGM:PMCS) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Microsemi Storage Solutions, Inc.(NasdaqGM:PMCS) dropped from MSCI Acwi + Frontier Markets(acwi Fm) All Cap Index

Microsemi Storage Solutions, Inc.(NasdaqGM:PMCS) dropped from CRSP US Total Market Index

Microsemi Storage Solutions, Inc.(NasdaqGM:PMCS) dropped from CRSP US Total Market Index

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
April 28, 2016
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October 19, 2015
--
Merger/Acquisition
October 5, 2015
--
 

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