MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 22, 2017, the Board of Directors (the “Board”) of MACOM Technology Solutions Holdings, Inc. (“MACOM” or the “Company”) appointed Geoffrey G. Ribar to the Board as a Class I director to hold office until the 2019 annual meeting of stockholders. The Board also appointed Mr. Ribar to the Audit Committee of the Board. The Board determined that Mr. Ribar is an independent director in accordance with applicable NASDAQ listing rules and the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The Board also determined that Mr. Ribar is a “financial expert” as defined under the applicable rules and regulations of the SEC.

Mr. Ribar has served as Senior Vice President and Chief Financial Officer of Cadence Design Systems, Inc., a provider of system design tools, software, intellectual property and services, since November 2010. Previously, he served as Chief Financial Officer for a number of semiconductor companies, including Telegent Systems, Inc., SiRF Technology, Inc., Asyst Technology, Inc., Matrix Semiconductor, Inc. and nVidia Corporation. Mr. Ribar brings to the Board financial and accounting expertise, as well as semiconductor industry expertise in areas ranging from global finance and mergers and acquisitions to investor relations.

Mr. Ribar will be compensated for his service as a director in accordance with MACOM’s non-employee director compensation program as generally described in MACOM’s proxy statement for its 2017 annual meeting of stockholders, as filed with the SEC on January 17, 2017. Mr. Ribar has entered into MACOM’s standard indemnification agreement with the Company.

About MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)
MACOM Technology Solutions Holdings, Inc. is a provider of high-performance analog semiconductor solutions that enable Internet applications, the cloud-connected applications economy, and the networked battlefield across the radio frequency (RF), microwave, millimeterwave and photonic spectrum. It has multiple design centers, silicon, gallium arsenide and indium phosphide fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe, Asia and Australia. It also offers foundry services. It offered a portfolio of over 4,500 standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components and complete subsystems, across more than 40 product lines serving three primary markets, as of September 30, 2016. The Company’s products are RF Power Products, Optoelectronics and Photonic Solutions, among others. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Recent Trading Information
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) closed its last trading session up +0.38 at 44.95 with 411,433 shares trading hands.