InterDigital Hosts Annual Meeting of Shareholders

Rhea-AI Summary

On June 2, 2021, InterDigital (NASDAQ:IDCC) held its annual shareholder meeting online. Shareholders elected seven board members for a one-year term, including Liren Chen and Joan H. Gillman. An advisory resolution on executive compensation was also approved, along with the ratification of PricewaterhouseCoopers LLP as the independent auditor for 2021. The meeting's webcast archive is available for viewing.

InterDigital focuses on developing mobile and video technologies, addressing complex technical challenges in broadband networks and multimedia delivery.

Positive

• Shareholders approved the election of seven board members, enhancing governance.
• Executive compensation package received advisory approval, indicating shareholder confidence.
• Ratification of PricewaterhouseCoopers LLP as auditor may strengthen financial oversight.

Negative

• None.

WILMINGTON, Del., June 03, 2021 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, held its annual meeting of shareholders on June 2, 2021 via the internet through an interactive webcast.

At the meeting, the company’s shareholders approved the election of Liren Chen, Joan H. Gillman, S. Douglas Hutcheson, John A. Kritzmacher, Pierre-Yves Lesaicherre, John D. Markley, Jr. and Jean F. Rankin as members of the Board of Directors for a one-year term expiring at the 2022 annual meeting of shareholders.

Shareholders also passed an advisory resolution to approve the company’s executive compensation as reported in its 2021 proxy statement and ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the year ending December 31, 2021.

An archive of the webcast of the annual meeting is available at http://www.virtualshareholdermeeting.com/IDCC2021 and on the “Events and Presentations” page of the Investors section of the company’s website, http://ir.interdigital.com/event.

About InterDigital^®

InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P SmallCap 600^® index.
InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

InterDigital Contact:
Tiziana Figliolia
tiziana.figliolia@interdigital.com
+1 (302) 300-1857
        

FAQ

What were the outcomes of the InterDigital shareholder meeting on June 2, 2021?

Shareholders elected seven board members, approved executive compensation, and ratified PricewaterhouseCoopers as the auditor.

Who were elected to the InterDigital Board of Directors in 2021?

The elected members include Liren Chen, Joan H. Gillman, and five others.

What is the significance of the executive compensation resolution passed at InterDigital's 2021 meeting?

The approval indicates shareholder support for the company's compensation practices.

Why is the appointment of PricewaterhouseCoopers important for InterDigital?

It ensures independent financial auditing, which can enhance transparency and trust.