We issued a form 8-K today, indicating that Edgar Auslander has resigned from our Board of Directors. While Edgar has only been a part of our board for a short time, he nonetheless has made contributions to the company which I believe will continue to benefit us well into the future.
I have received a number of questions about this resignation. To address any concerns, Edgar has asked me to pass along the following statement:
“I deeply regret leaving QuickLogic’s Board. I was very much looking forward to continuing my role as a director working with the management team on its strategic vision. Unfortunately, my resignation was prompted by my acceptance of a job that may pose a conflict of interest and I could not in all good conscience remain on the Board. I think very highly of QuickLogic, its executives, and its business model.”
We at QuickLogic wish Edgar the best in his future endeavors.