HILLSBORO, OR - NOVEMBER 4, 2008 - Lattice Semiconductor (NASDAQ: LSCC) today announced that Clay Miller has joined the company as its Chief Information Officer (CIO) and Corporate Vice President of Shared Services, which includes Information Technology, Supply Chain Systems and Human Resources. Miller was previously Vice President and CIO of privately held Paradigm Geophysical, a leading provider of enterprise software solutions to the global oil and natural gas exploration and production industry. Prior to joining Paradigm, Miller was responsible for Information Technology Supply Chain Systems at Advanced Micro Devices (AMD), and before AMD was CIO and Corporate Vice President of Human Resources at Advanced Interconnect Technologies, based in Singapore. Miller also has held senior positions with Chartered Semiconductor, Motorola and IBM.
"Clay's appointment marks a singular addition to our executive talent and capabilities," said Lattice President and CEO Bruno Guilmart. "With over twenty years of international experience in IT, supply chain management and human resources, Clay will provide the Lattice team with invaluable expertise and counsel as we refocus and build Lattice for continued success and profitability."
"Lattice is a company with impressive strengths, enormous potential and exceptional employees," said Miller. "I am excited to be joining Lattice at this pivotal juncture in the company's history and look forward to focusing on people, process and technologies to create even greater value for our customers and shareholders."
The Company also announced the grant of an employment inducement stock option award to Miller on November 3, 2008. Miller may purchase up to 400,000 shares of the Company's common stock at an exercise price of $1.73 per share pursuant to the inducement stock option. The stock option will vest 1/4th on the first anniversary of the grant date and 1/16th each three months thereafter over the remaining three-year period. The option grant has an expiration date of November 3, 2015.
Lattice is the source for innovative FPGA, CPLD and Mixed Signal programmable logic solutions. For more information, visit www.latticesemi.com.
This release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to the better alignment of the Company's operating expenses with near-term revenue expectations, more efficient implementation of the Company's product strategy and the reorganization of the Company's business to more effectively and deliver timely solutions. Investors are cautioned that forward-looking statements involve risks and uncertainties, including business and industry developments and those other risk factors detailed in the Company's Securities and Exchange Commission filings, that may cause the Company's actual results to differ materially from those anticipated in the forward-looking statements.
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For more information contact:
Brian Kiernan, Corporate Communications Manager
Lattice Semiconductor Corporation
brian.kiernan@latticesemi.com
voice: 503-268-8739
fax: 503-268-8193
© Lattice Semiconductor Corporation 2012
