Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Emulex to Put Bylaw Amendment to Stockholder Vote

COSTA MESA, Calif., June 16, 2009 (GLOBE NEWSWIRE) -- Emulex Corporation (NYSE:ELX) today announced that at its upcoming annual stockholders meeting on November 19, 2009 the Company will put to a stockholder vote the bylaw amendment adopted by the Board of Directors in January 2009 that requires that stockholder amendments to Emulex's bylaws be approved by the vote of no less than 66 2/3rds percent of the outstanding shares. Unless such amendment is ratified at the annual meeting by the affirmative vote of stockholders holding no less than a majority of our outstanding shares, the provisions of Emulex's bylaws related to the 66 2/3rds percent requirement will be restored to their pre-amendment form effective as of the completion of the 2009 annual meeting.
"Emulex has bylaws that provide important protections to stockholders.
We believe that the adoption of the provision that prevents changes in our bylaws without 2/3 stockholder approval was the appropriate course of action and remains in the best interests of our stockholders," said Jim McCluney, president and chief executive officer, Emulex. "In order to provide our stockholders with the opportunity to validate the provision, we have decided to give them the final say on this matter during our regularly scheduled annual meeting in November 2009."As previously announced, Emulex will hold its 2009 Annual Meeting of Stockholders at 10 a.m. Pacific time on Thursday, November 19, 2009, at its corporate offices: 3333 Susan Street, Costa Mesa, California.About EmulexEmulex is the leader in converged networking solutions for the data center. Our Connectivity Continuum architecture provides intelligent networking services that transition today's infrastructure into tomorrow's unified network ecosystem. Emulex provides a single framework that intelligently connects every server, network and storage device within the data center. Through strategic collaboration and integrated partner solutions, Emulex provides its customers with industry leading business value, operational flexibility and strategic advantage. Emulex is listed on the New York Stock Exchange (NYSE:ELX) and has corporate headquarters in Costa Mesa, California. News releases and other information about Emulex Corporation are available at