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Rambus Chief Hughes To Retire After Successor Is Named

DOW JONES NEWSWIRES Rambus Inc. (RMBS) said Chief Executive Harold Hughes plans to retire once the company finds a permanent successor, opening up a search for the technology licensor's new leader. The disclosure comes as Rambus, which licenses patented technology used to accelerate the performance of memory chips, recently signed a series of agreements with competitors, including Nvidia Corp. (NVDA) and Broadcom Corp. (BRCM), following a setback last year in an antitrust case against Micron Technology Inc. (MU) and Hynix Semiconductor Inc. (000660.SE, HXSCF). "Rambus is on a strong path as a result of our diversification strategy and recent license agreements with key semiconductor companies," Hughes, 66, said in a statement. "Given this, I have decided it is time to start the process of identifying my successor." Hughes will still be nominated for another term as a director in the company's upcoming shareholder meeting. He has served on the Rambus Board of Directors since 2003. Shares closed at $7.42 Monday and were inactive after hours. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Nvidia (NVDA)
DateTimeHeadline
09/27/201618:14:41Statement of Changes in Beneficial Ownership (4)
09/23/201617:08:34Statement of Changes in Beneficial Ownership (4)
09/23/201617:08:07Statement of Changes in Beneficial Ownership (4)
09/23/201617:07:39Statement of Changes in Beneficial Ownership (4)
09/23/201617:07:39Statement of Changes in Beneficial Ownership (4)
09/23/201617:07:39Statement of Changes in Beneficial Ownership (4)
09/23/201617:07:15Statement of Changes in Beneficial Ownership (4)
09/21/201617:01:58Statement of Changes in Beneficial Ownership (4)
09/19/201616:25:02Statement of Changes in Beneficial Ownership (4)
09/19/201616:24:37Statement of Changes in Beneficial Ownership (4)
09/19/201616:24:12Statement of Changes in Beneficial Ownership (4)
09/16/201609:37:56Current Report Filing (8-k)
09/14/201616:39:03Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
09/14/201606:03:38Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
09/13/201609:03:06Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
09/12/201616:16:52Statement of Changes in Beneficial Ownership (4)
09/12/201616:16:23Statement of Changes in Beneficial Ownership (4)
09/08/201616:12:39Statement of Changes in Beneficial Ownership (4)
09/06/201616:52:21Automatic Shelf Registration Statement of Securities of Well-known...
09/06/201611:38:40Amended Statement of Ownership (sc 13g/a)

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