Ampex Corporation Announces Resignation of Director.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. -- Ampex Corporation (Nasdaq:AMPX) today announced that Ned S. Goldstein, Esq. has resigned from the Board of Directors of the Company, effective as of November 12, 2007. The Company has not yet determined whether it will fill the Board position vacated by Mr. Goldstein. D. Gordon Strickland, Chairman of the Board of Ampex, expressed the appreciation of the Board for Mr. Goldstein's service to the Company. Mr. Goldstein's resignation does not affect the Company's compliance with Nasdaq rules requiring a majority of independent directors. Following Mr. Goldstein's resignation, the Board will be comprised of six directors, four of whom are "independent" within the meaning of the applicable Nasdaq rules. Ampex Corporation, www.ampex.com, headquartered in Redwood City, California Redwood City is a suburb located on the San Francisco Peninsula in the San Francisco Bay Area of California. Redwood City is the county seat of San Mateo County. As of the 2005 census, the city had a total population of 76,000. , is a leading innovator and licensor of technologies for the visual information age as well as a manufacturer of high performance data storage products principally for defense applications. This release may contain information about the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from historical results or those indicated by such forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties disclosed in its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , as well as other documents periodically filed with the Securities and Exchange Commission. |
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