Thursday, June 18, 2009

Leadis 8K - CTO moves to IDT with sale of touch sensor business

"On June 10, 2009, Leadis Technology, Inc. (the “Company”) completed the sale of certain assets related to the Company’s touch sensor business to Integrated Device Technology, Inc. (the “Transaction”). In connection with the Transaction, Dr. Ken Lee, the Company’s Chief Technical Officer and a named executive officer, terminated his employment with the Company to accept an offer of employment with Integrated Device Technology effective June 12, 2009. Following his termination of employment, Dr. Lee remains a member of the Company’s Board of Directors."