This excerpt taken from the PWER 8-K filed Oct 23, 2009.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 20, 2009 Mr. Jon E.M. Jacoby submitted his resignation as a director of Power-One, Inc. (the Company) effective immediately. Mr. Jacoby served on the Companys Compensation Committee. He resigned in order to devote more time to his other interests. His resignation was not due to any disagreement with the Company or its management regarding any matter relating to the Companys operations, policies or practices.
The Board of Directors of the Company appointed Kambiz Hooshmand to serve as a director of the Company, effective October 21, 2009 and to fill the Committee vacancy left by Mr. Jacoby. He will also serve on the Audit Committee. Mr. Hooshmand has not been a party to any transaction or currently proposed transaction with the Company that is reportable under Item 404(a) of Regulation S-K.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.