• Corporate Overview
• Management Team
• Board of Directors
• Stock Status
• SEC Filings
• Key Statistics
• Financial Releases
• Quarterly Releases
• Conference Calls/Events
• Presentations
• Virtual IR Kit
• IR Contacts
• Information Request
• Request Email Alerts
• Committee Charters

Financial Releases

Simtek Announces Changes to the Board of Directors

Philip Black Appointed Compensation Committee Chairman, John Hillyard Appointed Audit Committee Chairman, Succeeding Dr. Robert Keeley Who Retired from the Board of Directors


COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Simtek Corporation (NASDAQ:SMTK), the inventor, pioneer, and world’s leading supplier of non-volatile static random access memory (nvSRAM) integrated circuits, today announced that Philip Black has been appointed Compensation Committee Chairman and member of the Audit Committee, and that John Hillyard has been appointed Audit Committee Chairman succeeding Dr. Robert Keeley who has retired from the Board of Directors of Simtek.


“Dr. Keeley has been a real asset to Simtek. We thank him for his long-standing service as a member of the Board and wish him well as he more fully enjoys his retirement,” said Harold Blomquist, chairman of the Board. “The appointment of Philip Black as Compensation Committee Chairman and John Hillyard as Audit Committee Chairman will enable us to capitalize on the breadth of experience on public boards both bring to Simtek.”

Dr. Keeley commented, “I’ve enjoyed my association with Simtek over the years. I’ve been gradually stepping away from my professional activities and am excited to pursue more personal interests. In the entire fourteen years I’ve been a Director of Simtek, the company has never been in better shape. We have the strongest management team and Board we’ve ever had, revenue is at an all time high, and exciting new products are rolling out. We’ve made significant strides in our profitability objectives and are poised for further growth in revenues and profits, and have the financial and technical resources to fuel that growth.”

About Simtek Corporation

Simtek Corporation designs and markets "NV + fast SRAM" nonvolatile semiconductor memory products for use in a variety of systems including RAID servers, storage arrays, GPS navigational systems, industrial controllers, robotics, copiers, avionics, metering, consumer, UPS, and networking and broadcast equipment. Information on Simtek products can be obtained from its web site: www.simtek.com; email: information@simtek.com. The company is headquartered in Colorado Springs, Colorado.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements predicting Simtek's future growth. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, projections of future performance including predictions of future profitability and expectations of the business environment in which Simtek operates. For a detailed discussion of these and other risk factors, please refer to Simtek's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and subsequent Form 10-Q and Form 8-K filings.

Contact:
Simtek Asia Pacific
Jeremy Cowx, Director, APAC Sales, +81-52-951-7686
cowx@simtek.com

or

Simtek Investor Relations
MKR Group, Inc.
Marie Dagresto or Todd Kehrli, 323-468-2300
smtk@mkr-group.com