[AMTX management retention]
from the 14D-9:
"TI has entered into a retention agreement with Mr. James Steenbergen, Director, Chief Executive Officer, President and Chief Financial Officer of the Company, which is filed as Exhibit (c)(4) hereto, and is summarized below and incorporated herein by reference in its entirety. TI has entered into similar retention agreements with Mr. Ronald Carlini, the Company's Vice President of Corporate Development, and Mr. James Hood, the Company's Vice President of Engineering, which are filed as Exhibits (c)(5) and (c)(6), respectively, hereto. In addition, the Company understands that TI is in the process of negotiating a consulting agreement with Dr. John Cioffi, a director and Chief Technical Officer of the Company. The Company has no knowledge of the terms on which such agreement may be entered into and the execution of such agreement is not a condition to the Offer."
the exhibits basically say that their AMTX options will be converted over to TXN options. Tac Berry and the other officers presumably will leave the company.
mark
P.S. to access the 14D-9, go to freeedgar.com, type AMTX in the "ticker symbols" field, click on "[SEARCH]", click on "Company Filings", and then click on "AMATI COMMUNICATIONS CORP" for the record showing Form Type of "SC 14D9". |
