Latest News
Weltrend Board of Directors Meeting Resolutions
2017-03-24
Hsinchu, Taiwan, March 24, 2017 – Weltrend Semiconductor (TAIEX: 2436) held a meeting of the Board of Directors today. At the meeting today, the Board of Directors passed the following resolutions: |
1.Proposed the distribution of a cash dividend of NT$0.5 per common share and submitted the proposal for approval by the 2017 Annual General Shareholder’s Meeting. |
2.Approved distribution of employees’ bonus totaling NT$21,649,044 and compensation of directors and supervisors totaling NT$5,412,261. The payment will be made by cash and is consistent with the expense recognized in the year of 2016. |
3.Approved the issuance of the remaining 580,000 shares out of the total of 1,200,000 shares of employee restricted stock units at a face value of NT$10 per share, approved to be effective by the Financial Supervisory Commission of Taiwan on June 3rd, 2016, and set the record date as April 18th, 2017. |
4.Approved the convening of the 2017 Annual General Shareholder’s meeting for 9:00 a.m. on June 15, 2017 at Weltrend’s headquarters RM310, 3F., No.22, Industry E. 9th Rd., Hsinchu Science Park, Hsinchu 300, Taiwan. |
About Weltrend Semiconductor Inc. |
Founded in 1989 in the "Silicon Valley of Taiwan", the Science-Based Industrial Park (SBIP) in Hsinchu, Weltrend (TAIEX: 2436) is a leading fabless semiconductor company, also known as IC design house, specializing in the planning, design, testing, application development and distribution of mixed-signal/digital IC products across multiple applications. |