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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ubiquiti Inc | NYSE:UI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 107.58 | 0 | 09:00:00 |
On June 18, 2021, Michael E. Hurlston notified Ubiquiti Inc. (the "Company") of his decision to resign from the Company's board of directors (the "Ubiquiti Board"), effective as of August 3, 2021. Mr. Hurlston currently serves as the chairman of the Compensation Committee and as a member of both the Audit Committee and the Nominating and Corporate Governance Committee, and Mr. Hurlston intends to continue serving on the Ubiquiti Board and the foregoing committees in the same capacity as he currently serves until August 3, 2021.
Mr. Hurlston is the President and CEO and a director of Synaptics Incorporated and serves on the board of directors of Flex Ltd. ("Flex") and the Ubiquiti Board. He has informed us that he is resigning from the Ubiquiti Board at the request of the Flex board of directors, addressing the concerns of certain Flex stockholders with respect to the "overboarding" policies of the proxy advisory firm Glass Lewis & Co., which recommends a vote against directors who are sitting CEOs of publicly traded companies and sit on more than one public company board besides their own.
For the avoidance of doubt, Mr. Hurlston has informed us that his decision to resign from the Ubiquiti Board is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
UBIQUITI INC. |
By: | /s/ Robert J. Pera |
|
|
Name: Robert J. Pera | |
Title: Chief Executive Officer |
1 Year Ubiquiti Chart |
1 Month Ubiquiti Chart |
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