Mindspeed Technologies, Inc. : Mindspeed Announces Kevin Trosian as Vice President of Business Development and Investor Relations and Reports Inducement Equity Grants
05/31/2012| 08:35pm US/Eastern
Senior Financial Professional to Lead Strategic Business Efforts and
Relationships with the Global Investment Community
Technologies, Inc. (NASDAQ:MSPD), a leading supplier of
semiconductor solutions for network infrastructure applications, today
announced that Kevin Trosian has been named vice president of business
development and investor relations, effective May 7, 2012. Trosian joins
the company from Power-One, Inc., where he was responsible for managing
investor relations and other financial initiatives. He will report
directly to Raouf Y. Halim, Mindspeed's chief executive officer.
"I look forward to working closely with Kevin as we grow our company and
expand our business and investor base both in North America and around
the world," said Halim.
"With the momentum in the small cell base station market and the growth
of the company's high-performance analog portfolio, it is an exciting
time to join the Mindspeed team," said Trosian. "I am delighted to
contribute my expertise in achieving the company's strategic objectives
and working directly with the investor community."
Trosian has a fifteen year track record of success in technology and
financial markets. Prior to joining Power-One, he was a director of
Tower 12 Consulting, LLC, where he worked with clients on financial
initiatives including strategy, capital raises and acquisitions, as well
as investor relations, corporate development and marketing. Prior to
Tower 12 Consulting, Trosian held the role of senior analyst and vice
president of equity research at both Wedbush Morgan Securities and Banc
of America Securities and was ranked by StarMine as a leading analyst
with the companies he covered.
Trosian received a Master of Business Administration from the University
of Southern California, Marshall School of Business, and a BA degree
from the University of California at Los Angeles.
Today, Mindspeed also announced that on May 25, 2012, the compensation
and management development committee of its board of directors granted
Trosian 30,000 shares of restricted stock. The stock grant will vest
33.33% on the one year anniversary of the grant date, and 8.33%
Preetinder S. Virk, the company's senior vice president and general
manager, communications convergence processing (CCP), was also granted
an award of 50,000 shares of restricted stock by the compensation and
management development committee on May, 25, 2012. The stock grant will
vest 33.33% on the one year anniversary of the grant date, and 8.33%
Mindspeed's compensation and management development committee, which is
comprised solely of independent directors, approved the grants of
restricted stock pursuant to the Mindspeed Technologies, Inc. Inducement
Incentive Plan and form of restricted stock agreement and in accordance
with NASDAQ Listing Rule 5635(c)(4).
About Mindspeed Technologies
Mindspeed Technologies (NASDAQ: MSPD) is a leading provider of network
infrastructure semiconductor solutions to the communications industry.
The company's low-power system-on-chip (SoC) products are helping to
drive video, voice and data applications in worldwide fiber-optic
networks and enable advanced processing for 3G and long-term evolution
(LTE) mobile networks. The company's high-performance analog products
are used in a variety of optical, enterprise, industrial and video
transport systems. Mindspeed's products are sold to original equipment
manufacturers (OEMs) around the globe.
To learn more, please visit www.mindspeed.com.
Company news and updates are also posted at www.twitter.com/mindspeed.
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© Business Wire 2012