Summary
This Form 6-K filing from NXP Semiconductors N.V., dated May 10, 2011, primarily announces a change in its board of directors. Mr. Eric P. Coutinho has resigned as a non-executive director, effective immediately. The company acknowledges his contributions since its separation from Philips in 2006. In line with a shareholders' agreement, Philips has put forward Mr. Viki Bhatia as a nominee to replace Mr. Coutinho. The formal appointment of Mr. Bhatia will be subject to shareholder approval at the upcoming 2011 annual general meeting scheduled for May 26, 2011. Investors should note that this filing does not contain new financial results but rather updates on corporate governance.
Key Highlights
- 1Mr. Eric P. Coutinho has resigned as a non-executive director of NXP Semiconductors N.V.
- 2Mr. Coutinho's resignation is effective as of May 10, 2011.
- 3Philips has nominated Mr. Viki Bhatia to fill the vacancy on the board.
- 4Mr. Bhatia's appointment is contingent upon approval at the 2011 annual general meeting.
- 5The 2011 annual general meeting is scheduled for May 26, 2011, in Eindhoven, The Netherlands.
- 6The filing is made under Form 6-K, indicating it's a report from a foreign private issuer.
- 7The company appreciates Mr. Coutinho's contributions since NXP's separation from Philips in September 2006.