Posted by Jack Davis on January 20th, 2009 at 3:13 pm | Categorized as Executive Pay, Governance, Tvia | Tagged as Bankruptcy, Governance, Liquidation, Tvia
Tvia, the troubled fabless chip company that filed for bankruptcy back in October days after its directors voted themselves $20,000 for past services and then promptly quit, evidently had a face-to-face meeting with a committee of its shareholders on Jan. 14 at which time it explained that its goal is to liquidate the company, and that it viewed bankruptcy court as Read the rest of this entry »
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Posted by Jack Davis on October 16th, 2008 at 3:09 pm | Categorized as Accounting, Bankruptcy, SEC, Tvia | Tagged as Bankruptcy, Executive Pay, Restat, Securities and Exchange Commission, Tvia
A day after voting themselves $20,000 in cash for “past services” and a day before their company filed for bankruptcy, three directors of Tvia, a fabless — and profitless — Santa Clara company focused on chips for digital displays, called it quits Tuesday, according to a filing Thursday.
Among those resigning was Read the rest of this entry »
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