Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ATMEL CORP | f56170e8vk.htm |
| EX-99.2 - EX-99.2 - ATMEL CORP | f56170exv99w2.htm |
| EX-99.1 - EX-99.1 - ATMEL CORP | f56170exv99w1.htm |
Exhibit 99.3
NEWS
RELEASE
Atmel
Announces Resolution of Stock Option Backdating Litigation
San
Jose, CA, June 7, 2010 — Atmel® Corporation (NASDAQ: ATML), a leader in
microcontroller and touch solutions, today announced the settlement of the remaining claims in
long-running derivative litigation involving stock option backdating. The company had previously
settled claims against a number of present and former employees, officers and directors.
The settlement announced today resolves claims asserted against the sole remaining defendant, the
company’s former general counsel. The settlement, which is subject to approval by the court,
provides for a payment to Atmel by the company’s insurers and for the dismissal of all remaining
claims, resulting in a complete termination of the derivative litigation.
“We are pleased to have successfully resolved the remaining claims and to have put this derivative
litigation behind us,” said Steven Laub, Atmel’s President and Chief Executive Officer. Mr. Laub
also noted that since July 2006 — when Atmel’s Audit Committee commenced an eight-month
investigation of the company’s historical stock option granting practices — the company had
implemented a number of corporate governance changes in order to strengthen its stock option
administration and governance functions.
Atmel Corporation • 2325 Orchard Parkway • San Jose CA 95131 • Phone (408) 441-0311 • Fax (408) 487-2600
| ATMEL NEWS RELEASE | June 7, 2010 |
About Atmel
Atmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of
microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and
radio frequency (RF) components. Leveraging one of the industry’s broadest intellectual property
(IP) technology portfolios, Atmel is able to provide the electronics industry with complete system
solutions focused on industrial, consumer security, communications, computing and automotive
markets.
©2010 Atmel Corporation. All Rights Reserved. Atmel®, Atmel logo and combinations
thereof, and others, are registered trademarks and others are trademarks of Atmel
Corporation or its subsidiaries. Other terms and product names may be trademarks of others.
Atmel Corporation • 2325 Orchard Parkway • San Jose CA 95131 • Phone (408) 441-0311 • Fax (408) 487-2600