Cirrus Logic Names Steven D. Overly Chief Financial Officer.Business Editors & High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--April 26, 2002 Cirrus Logic (Nasdaq:CRUS) today announced that Steven D. Overly has been named senior vice president and chief financial officer, reporting to David D. French, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Overly has been acting CFO See Chief Financial Officer. since October 2001. In addition to his duties as the company's chief financial officer, Overly will remain the company's general counsel and will continue to oversee Human Resources. "Steve is a valued member of our executive management team, and we are pleased to acknowledge his financial management leadership by naming him our CFO," said French. "We will continue to rely on Steve's expertise and business acumen to help us guide Cirrus in our next phase of growth." Overly joined Cirrus Logic from International Wireless Communications Holdings Corp, where he was president and CEO. Prior to that he was vice president and general counsel at Lockheed Martin Telecommunications and division general counsel at General Electric Astro Space. In these positions he gained significant experience in business and financial management, as well as extensive transactional experience in the Asia markets where Cirrus expects significant revenue growth. Overly has a master of laws Noun 1. Master of Laws - an advanced law degree LLM law degree - degree conferred on someone who successfully completes law school degree in international and comparative law from Georgetown University. He received his juris doctorate from Stetson University College of Law Stetson University College of Law, founded in 1900, is Florida's first law school. Located in Gulfport, FL (moving to the city in 1954 from its original location in DeLand), it also has a campus in Tampa, FL. The law school occupies a historic 1920s resort hotel, the Rolyat. , his master's of public administration from Pennsylvania State University Pennsylvania State University, main campus at University Park, State College; land-grant and state supported; coeducational; chartered 1855, opened 1859 as Farmers' High School. , and his bachelor's degree in political science from Gettysburg College. Cirrus Logic Inc. Cirrus Logic is a premier supplier of high-performance analog and DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive chip solutions for consumer entertainment electronics that allow people to see, hear, connect, and enjoy digital entertainment. Building on its global market share leadership in audio integrated circuits and its rich mixed-signal patent portfolio, the company targets mainstream audio, video and Internet entertainment applications in the consumer entertainment market. Cirrus Logic operates from headquarters in Austin, Texas and major sites located in Fremont and El Dorado Hills, Calif., Broomfield and Boulder, Colo., as well as offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com. 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. Provision Any forward-looking statements and all other statements that may be made in this news release that are not historical facts are subject to a number of risks and uncertainties, and actual results may differ materially. Please refer to Cirrus Logic's current 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 other filings with the Securities and Exchange Commission for more information on the risk factors that could cause actual results to differ. Note to editors: Cirrus Logic is a registered trademark of Cirrus Logic Inc. |
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