Patrice:
The following comes from the Company's proxy statement and is effective March 17, 1997.
I don't believe that Seqoia owns any direct shares in C-CUBE any more, however, C-CUBE's
chairman of the board Donald Valentine is a partner at Sequoia and still retains some
shares in his own personal account. There is no evidence of ownership by AMD or Texas
Instruments. As for the CEO's ownership, Alexandre Balkansk's ownership can be
seen in the chart below:
FIVE-PERCENT STOCKHOLDERS, NUMBER OF PERCENTAGE
DIRECTORS AND EXECUTIVE OFFICERS(1) SHARES OF CLASS
----------------------------------- --------- ----------
FIVE-PERCENT STOCKHOLDERS:
Kubota Corporation(2)............................. 2,939,002 8.1%
Fuyuhiko Usui
2880 Lakeside Drive, Suite 131
Santa Clara, California 95087
Entities affiliated with American Century Companies,
Inc.(3).......................................... 2,750,000 7.6%
Twentieth Century Tower
4500 Main Street
Kansas City, Missouri 64111
DIRECTORS AND EXECUTIVE OFFICERS:
Donald T. Valentine(4)........................... 1,085,008 3.0%
Alexandre A. Balkanski(5)........................ 590,203 1.6%
Nolan Daines(6).................................. 124,998 *
T. J. Rodgers(7)................................. 112,270 *
James G. Burke(8)................................ 92,805 *
Richard Foreman(9)............................... 54,430 *
Baryn S. Futa(10)................................ 43,336 *
Mark Allen(11)................................... 36,837 *
Gregorio Reyes(12)............................... 9,659 *
Donald McKinney.................................. 1,014 *
All executive officers and directors as a group
(12 persons)(4)-(13)............................ 2,255,127 6.1%
--------
* Represents less than 1%
On top of that, last year Alexandre was granted options to acquire 150,000 shares
at a strike price of $54, which don't expire until 2006. All together
Alexandre posseses unexcercised options that would give him 400,000 shares at
various strike prices and expiration dates. If you want more detailed info, the
Proxy Statement can be accessed through:
edgar-online.com
Personally, I think Alexandre isn't earning his keep and we need a new professional
CEO that is more marketing oriented, although I'm sure I'm in the minority
opinion on this thread.
Best Regards,
Grant |
