SemiLEDs Enhances Governance and Manages CEO Loan Terms

SemiLEDs (LEDS) has issued an announcement.

SemiLEDs Corporation has been managing a secured loan agreement with its Chairman and CEO, Trung Doan, through various extensions and amendments, including allowing repayment in company stock. Meanwhile, the firm has strengthened its governance by appointing Dr. Chris Chang Yu, an experienced technology executive, to its Board of Directors and Audit Committee, enhancing its compliance with Nasdaq’s independence requirements. Additionally, SemiLEDs announced the scheduling of its 2024 Annual Meeting of Stockholders and the deadlines for shareholder proposals and nominations, signaling ongoing engagement with its investor base.

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