Investors who are current long-term stockholders of shares of Mindspeed Technologies, Inc. (NASDAQ:MSPD)
The plaintiff alleges that the board of directors breached their fiduciary duties by agreeing to award the CEO equity awards that allegedly exceeded the limited allowed by the shareholder-
Indeed, the CEO’s pay rose from over $4.13 million in 2010 to over $5.05 million in 2011.
On October 10, 2012, NASDAQ:MSPD shares closed at $3.22 per share, less than half its current 52 week High of $7.28 per share.
Those who are current long-term stockholders of Mindspeed Technologies, Inc. (NASDAQ:MSPD)