SiliconBeat

We were going to start this post, “If at first you don’t succeed…,” then realized the aphorism didn’t quite fit.

For the second year in a row, shareholders at Ultratech, the San Jose supplier of chip-making equipment, will vote on a proposal at its annual meeting next month to change how the company’s board of directors is elected. Currently, elections are staggered, with half of the board standing for election each year, also known as the classified system. The proposal asks to declassify the board by having all directors face election every year.

The problem is, Read the rest of this entry »