Advanced Computing in the Age of AI | Friday, March 29, 2024

Mellanox Shareholders Overwhelmingly Support Company’s Governance Proposals 

SUNNYVALE, Calif. & YOKNEAM, Israel, May 25, 2018 -- Mellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end smart interconnect solutions for data center servers and storage systems, has announced that Mellanox shareholders have overwhelmingly voted “FOR” both governance proposals at the Company’s extraordinary general meeting (“EGM”) with approximately 99% of all shares voted at the EGM in support of both proposals.

Commenting on the results, Mellanox issued the following statement:

We are very pleased with the outcome of the vote and thank our shareholders for their continued support. The Mellanox Board remains committed to best-in-class governance practices. Last year, an Institutional Shareholder Services (“ISS”) governance analysis recognized our Board structure, shareholder rights and audit practices as among the best in our peer group and our overall corporate governance within the top decile of all companies covered by ISS in our index or region – a testament to the strong focus we place on aligning our governance with the interests of our shareholders.

The outcome of the vote at the EGM reaffirms the Board’s decision to implement these best-in-class governance proposals, which are key elements in further aligning our governance policies with shareholder interests.

Our Board and management team value the input we have received from our shareholders, and we look forward to continuing to engage with investors in our ongoing efforts to deliver even greater shareholder value going forward.

The Company has filed final voting results with the Securities and Exchange Commission on a Form 8-K.

About Mellanox

Mellanox Technologies (NASDAQ: MLNX) is a leading supplier of end-to-end InfiniBand and Ethernet smart interconnect solutions and services for servers and storage. Mellanox interconnect solutions increase data center efficiency by providing the highest throughput and lowest latency, delivering data faster to applications and unlocking system performance capability. Mellanox offers a choice of fast interconnect products: adapters, switches, software and silicon that accelerate application runtime and maximize business results for a wide range of markets including high performance computing, enterprise data centers, Web 2.0, cloud, storage and financial services. More information is available at: www.mellanox.com.


Source: Mellanox

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