1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Intersil Corporation Directors under Stockholder Investigation

An investigation on behalf of long term investors in Intersil Corporation (NASDAQ:ISIL) was announced and NASDAQ: ISIL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

FOR IMMEDIATE RELEASE

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog (Press Release) - Aug. 17, 2011 - Certain senior officers and executives at Intersil Corp. are under investigation on behalf of current long term investors in Intersil Corporation (NASDAQ: ISIL) shares concerning possible breaches of fiduciary duties related to potential excessive compensation that was awarded at Intersil.

If you purchased shares of Intersil Corporation (NASDAQ: ISIL) and currently hold those NASDAQ: ISIL stocks, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain of Intersil’s senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.

While Intersil Corp’s 12months Total Revenue increased from $756.97million in 2007 to $822.40million in 2010, it reported a substantial Net Loss in 2008 of $1.026billion compared to a Net income of $140.48million in 2007, $38.56million for 2009 and $26.39million in 2010. For the first 13weeks ending on April 1, 2011 Intersil Corporation reported a Net Income of $14.13million compared to $27.67million a year earlier.

Even though shares of Intersil Corporation (NASDAQ:ISIL) increased from as low as $7.92 per share in December 2008 to slightly over $15 per share in May 2011, NASDAQ: ISIL stock dropped from as high as $33.48 in 07, respectively $$28.15 per share in ’08.

Nevertheless, Intersil’s CEO total compensation rose from $3.16million in 2008 and 2008 to $4.44million in 2010 and the Senior Vice President and CFO’s pay rose from $427,000 in 2008 to $1.34million in 2010.

But Intersil’s shareholders recently expressed their disdain for executive pay packages by voting “no” on Intersil's say on pay provision at its May 4 annual meeting, according to a company filing.

Those who purchased shares of Intersil Corporation (NASDAQ: ISIL) and currently hold those NASDAQ: ISIL stocks, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

# # #

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Photo:
http://www.prlog.org/11626758/1

--- End ---

Click to Share

Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Banking, Business, Finance
Tags:isil, intersil, Intersil Corp, Intersil Corporation, NASDAQ: ISIL, executive compensation, salary, employee, investigation
Shortcut:prlog.org/11626758
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share