Faruqi & Faruqi, LLP Announces the Investigation of Silicon Laboratories Inc. (SLAB) For Potential Breaches of Fiduciary Duties by Its Board of Directors
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Silicon Laboratories Inc. (“Silicon Laboratories” or the “Company”) (NasdaqGS: SLAB) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for amendments to the 2009 Stock Incentive Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on March 6, 2014, the Board of Directors recommends that Silicon Laboratories’ shareholders vote to approve an amendment to the 2009 Stock Incentive Plan which would authorize the issuance of 3,100,000 additional shares of common stock thereunder. The issuance of the additional shares could have a substantial dilutive effect on the shares of Silicon Laboratories common stock.
If you own common stock in Silicon Laboratories and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.