Company Overview of Opnext, Inc.
Opnext, Inc. designs and manufactures optical components, modules, and subsystems for communications uses primarily in the Americas, Europe, Japan, and the rest of the Asia Pacific region. Its optical communications components consist of transmitters and receivers that include a hermetically packaged compound semiconductor laser or photo detector, which utilize internally fabricated or externally sourced lasers or photodetectors built from indium phosphide or gallium arsenide compound semiconductor materials systems. The company’s optical transceiver modules convert signals between electrical and optical for transmitting and receiving data over fiber optic networks and provide the physical c...
46429 Landing Parkway
Fremont, CA 94538
Founded in 2000
Key Executives for Opnext, Inc.
Compensation as of Fiscal Year 2013.
Opnext, Inc. Key Developments
Oclaro Reports Preliminary Approval of Opnext Merger Litigation
Dec 10 12
Oclaro, Inc. announced that the Superior Court of California in and for the county of Alameda has granted preliminary approval of proposed settlement of four pending putative class actions filed in that Court challenging the proposed merger between the company, Tahoe Acquisition Sub, Inc., and Opnext, Inc. The defendants in each case are Opnext and the members of Opnext's Board, and the company and Tahoe Acquisition Sub Inc. Each action alleges that the Opnext Defendants breached their fiduciary duties to Opnext stockholders by entering into the Merger Agreement. Each action further alleges that the Oclaro Defendants aided and abetted those breaches of fiduciary duties. As per the proposed settlement, the remaining plaintiffs agreed to settle these matters for additional disclosures only, subject to court approval. Plaintiffs have agreed to limit their application for fees and costs to $235,000. In addition, the parties agreed that the two actions filed in the Delaware Court of Chancery challenging the merger, which have been consolidated under the caption In re Opnext, Inc. Shareholders Litigation, C.A. No. 7400-VCL, would be dismissed. The proposed settlement is subject to final Court approval. The court has set a final approval hearing for January 31, 2013.
Opnext, Inc.(NasdaqGM:OPXT) dropped from NASDAQ Telecom Index
Aug 20 12
Opnext, Inc. will be removed from NASDAQ Telecom Index
Opnext, Inc. Announces Management Changes
Jul 27 12
Opnext, Inc. board of directors resigned and Oclaro appointed Jerry Turin as the sole director of Opnext. Pursuant to the Merger Agreement, as of the Effective Time, the following individuals became officers of Opnext: Jerry Turin; Chief Executive Officer and Chief Financial Officer and Kate Rundle, Secretary. In connection with the Merger, the persons who, immediately prior to the Effective Time, were executive officers of Opnext will cease to be executive officers of Opnext.
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