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IQE

24 June 2016

Rubicon's stockholders re-elect incumbent directors

Rubicon Technology Inc of Bensenville, IL, USA (which makes monocrystalline sapphire substrates and products for the LED, semiconductor and optical industries) says that, based on the preliminary vote count provided by the firm's proxy solicitor following its 2016 annual meeting, stockholders have voted overwhelmingly to re-elect Rubicon's director nominees Don N. Aquilano and Donald R. Caldwell.

"Rubicon is going through unprecedented difficult market conditions, and we are working hard to improve cash flow, launch new differentiated products and pursue new opportunities," says Rubicon's CEO Bill Weissman. "We will continue to do our utmost to strengthen performance and maximize stockholder value," he adds. "We look forward to continuing to engage productively with our stockholders."

Preliminary results also indicate that stockholders have voted to (1) ratify the appointment of the company's independent registered public accounting firm for 2016 and (2) approve the company's 2016 Stock Incentive Plan.

See related items:

Rubicon appoints new independent director

Rubicon comments on director nominations from Paragon Technologies

Tags: Rubicon Sapphire substrates

Visit: www.rubicon-es2.com

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