<< Back
Jun 28, 2006
ChipMOS ANNOUNCES DEATH OF ONE OF ITS INDEPENDENT DIRECTORS
ChipMOS ANNOUNCES DEATH OF ONE OF ITS INDEPENDENT DIRECTORS
ChipMOS ANNOUNCES DEATH OF ONE OF ITS INDEPENDENT DIRECTORSHSINCHU, Taiwan, June 28, 2006 - ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) announced today that Mr. Tadao Higashi, who formerly served as an independent director on the board of directors of the Company and as one of the three members on its audit committee, passed away on June 12, 2006.
ChipMOS notified Nasdaq of Mr. Higashi's death and subsequently received a Nasdaq Staff Deficiency Letter on June 23, 2006 indicating that due to Mr. Higashi's death, the Company no longer complies with Nasdaq's independent director and audit committee requirements for continued listing as set forth in Nasdaq Marketplace Rules 4350©(1) and 4350(d)(2)(a) and, pursuant to Nasdaq Marketplace Rules, the Company has until August 25, 2006, the date of the Company's next occurring annual shareholders meeting, to regain compliance.
ChipMOS currently intends to fill the vacancy by August 25, 2006 in order to regain full compliance with Nasdaq's independent director and audit committee requirements.
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "Our thoughts go out to Mr. Tadao Higashi's family at this time. He will be missed by the entire ChipMOS family."
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com.tw/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the SEC and in the Company's other filings with the SEC.
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.
ChipMOS notified Nasdaq of Mr. Higashi's death and subsequently received a Nasdaq Staff Deficiency Letter on June 23, 2006 indicating that due to Mr. Higashi's death, the Company no longer complies with Nasdaq's independent director and audit committee requirements for continued listing as set forth in Nasdaq Marketplace Rules 4350©(1) and 4350(d)(2)(a) and, pursuant to Nasdaq Marketplace Rules, the Company has until August 25, 2006, the date of the Company's next occurring annual shareholders meeting, to regain compliance.
ChipMOS currently intends to fill the vacancy by August 25, 2006 in order to regain full compliance with Nasdaq's independent director and audit committee requirements.
S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "Our thoughts go out to Mr. Tadao Higashi's family at this time. He will be missed by the entire ChipMOS family."
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com.tw/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the SEC and in the Company's other filings with the SEC.
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.