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MIPI » Topics » If the ownership of our common stock continues to be highly concentrated, it may prevent you and other stockholders from influencing significant corporate decisions and may result in entrenchment of management or conflicts of interest that could cause ourThis excerpt taken from the MIPI 10-K filed Apr 2, 2007. If the
ownership of our common stock continues to be highly
concentrated, it may prevent you and other stockholders from
influencing significant corporate decisions and may result in
entrenchment of management or conflicts of interest that could
cause our stock price to decline.
As of March 15, 2007, our executive officers, directors,
and their affiliates beneficially own or control approximately
15.62% of the outstanding shares of our common stock.
Accordingly, these executive officers, directors and their
affiliates, acting as a group, will have substantial influence
over the outcome of corporate actions requiring stockholder
approval, including the election of directors, any merger,
consolidation or sale of all or substantially all of our assets,
or any other significant corporate transactions. These
stockholders may also delay or prevent a change of control of
our company, even if such a change of control would benefit our
other stockholders. The significant concentration of stock
ownership may adversely affect the trading price of our common
stock due to investors’ perception that entrenchment of
management or conflicts of interest may exist or arise.
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