LeapFrog Enterprises, the maker of technology based educational toys, changed its bylaws at its annual shareholder meeting held June 4 to allow shareholders to fill vacancies that occur on the company’s board of directors.
The proposal, to which the board took no position either pro or con, was submitted by Read the rest of this entry »
LeapFrog Enterprises, the Emeryville maker of high-tech learning toys, completed an option exchange covering 4.94 million shares, more than half of which belonged to the company’s chief executive, a day after getting shareholder approval last week.
Jeffrey Katz, who became the company’s CEO after serving on its board for six months, was given an option good for 1.2 million shares priced at $10.30, the closing price on July 5, 2006, the day he took over the company’s reins. He also was given options on 950,000 shares that were “premium” priced at $13.33, a third above the market price that day, and an option good for 500,000 priced at $15.49, or two-thirds higher. Read the rest of this entry »
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