The board of directors at Electronics for Imaging apparently batted 1.000 at the company’s annual meeting Friday when all the directors were reelected and all the proposals the board submitted to its shareholders for a vote passed.
But the perfect record obscured the fact that Read the rest of this entry »
The three top executives at Electronics for Imaging have volunteered to have their salaries cut “in support of the Company’s cost reduction activities due to deteriorating global economic and industry conditions,” the company said in a filing today that also included a preliminary look at earnings for its just completed first quarter.
The company sees sales coming in between Read the rest of this entry »
Drug maker Gilead Sciences agreed to buy a 163,000-square-foot office building (pictured here) at 301 Velocity Way in Foster City from Electronics For Imaging, along with 30 acres of land designed to accommodate up to an additional 542,000 square feet of office space for $137.5 million, according to a regulatory filing Thursday.
The property borders Read the rest of this entry »
We posted back in June about the proposed settlement Electronics for Imaging says it has reached in the litigation relating to its past stock option granting practices that accused some of the company’s officers and directors of breaching their “fiduciary duties” in the matter. At that time, mention was of “certain payments to be made to the company” that were not specified. “By whom and for what, we must wait to see,” we wrote at the time.
It looks like we now know have answers Read the rest of this entry »
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