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Optical Communication Products Receives Action by Written Consent from Furukawa Electric Co. to Expand Board of Directors.

Publication: Business Wire
Publication Date: 29-MAY-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
WOODLAND HILLS, Calif. -- Optical Communication Products, Inc. (NASDAQ: OCPI) ("OCP") today announced that it has received an action by written consent of the majority stockholder from The Furukawa Electric Co., Ltd. ("Furukawa"). The action will amend OCP's bylaws to expand its Board of Directors to twelve with the appointment of four new Furukawa directors. Following the appointment of the new directors, the seven Furukawa directors would constitute a majority of the expanded OCP Board.

Furukawa, which has a 58.1% ownership interest in OCP, has sufficient voting power to take this action unilaterally under OCP's bylaws and Delaware law. The effective date of this action is the earlier of July 4,...



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