FormFactor, Inc. Withdraws Special Meeting Proposal
October 8, 2008
Livermore, CA – Oct 8, 2008 – FormFactor, Inc. (FORM – News) today announced it has withdrawn its stock option exchange proposal that was scheduled to be considered at a special meeting of stockholders on Wednesday, October 8, 2008. The proposal asked stockholders to approve an opportunity for employees to exchange underwater options for a smaller number of new equity awards. FormFactor said that although based on preliminary indications the vote would have been very close, the lack of support from some institutional stockholders has caused it to reconsider the terms and timing of the proposal. FormFactor continues to consider the creation of meaningful equity incentives for employees to be important to the company’s success.