Mindspeed Technologies Inc. announced its board of directors amended and restated the company's amended and restated bylaws, effective immediately, to clarify provisions relating to advance notice of stockholder proposals at annual meetings and director nominations at both annual and special meetings. The Bylaws now separate the requirements for stockholder proposals and director nominations and provide greater specificity regarding the applicable procedures. No changes have been made to the deadlines for bringing stockholder proposals or nominating director candidates.

Mindspeed Technologies Inc. announced the appointment of Fared Adib of Sprint Nextel Corporation to its board of directors. As a member of the board, Mr. Adib will also sit on the governance and board composition committee. Adib is currently senior vice president of product development & operations at Sprint.

Mindspeed Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended on March 29, 2013. For the quarter, total net revenues were $35.4 million against $35.4 million a year ago. Operating loss was $39.4 against $13.8 million a year ago. Loss before income taxes was $40 million against $14.1 million a year ago. Net loss was $40.1 million or $1.00 per basic and diluted share against $14.2 million or $0.39 per basic and diluted share a year ago. Non-GAAP operating loss for the fiscal second quarter of 2013 was approximately $541,000, compared to a non-GAAP operating loss of $4.9 million for the same period in the prior fiscal year. GAAP operating loss for the fiscal second quarter of 2013 was $39.4 million (assuming preliminarily estimated goodwill and asset impairment charges), compared to a GAAP operating loss of $13.8 million for the same period in the prior fiscal year. Non-GAAP net loss for the fiscal second quarter of 2013 was $978,000, or $0.02 per share, compared to a non-GAAP net loss of $5.2 million, or $0.14 per share, for the same period in the prior fiscal year. GAAP net loss in the fiscal second quarter of 2013 was $40.1 million (assuming preliminarily estimated goodwill and asset impairment charges), or $1.00 per share, compared to a GAAP net loss of $14.2 million, or $0.39 per share, for the same period in the prior fiscal year. For the six months, total net revenues were $79.8 million against $69.3 million a year ago. Operating loss was $36.9 against $19.3 million a year ago. Loss before income taxes was $38.8 million against $19.6 million a year ago. Net loss was $39.0 million or $0.98 per basic and diluted share against $19.8 million or $0.57 per basic and diluted share a year ago. Net cash provided by operating activities was $2.7 million compared to net cash used in operating activities of $11.7 million a year ago. Purchases of property, plant and equipment was $2.4 million compared to $2.3 million a year ago. Non-GAAP operating income was $6.9 million compared to non-GAAP operating loss of $7.2 million a year ago. Non-GAAP net income was $5.2 million or $0.13 per diluted share compared to non-GAAP net loss of $7.6 million or $0.22 per diluted share a year ago. For the quarter, the company reported impairment of indefinite-lived intangible assets of $500,000. The company expected total net product revenue in the fiscal third quarter of 2013 to be approximately flat versus the fiscal second quarter of 2013. The company expects fiscal third quarter of 2013 non-GAAP gross margin to be approximately 60 % and anticipates non-GAAP operating expenses to be approximately $21.5 million in the fiscal third quarter of 2013.