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Pacala spoke to the Business Journal as Ouster completed its merger with rival Velodyne — and announced a new round of layoffs.
The companies expect to employ about 350 people, far fewer employees than the combined total of 697 they reported having before announcing their merger last year.
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SAN JOSE, Calif., February 03, 2023--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) announced that the Special Meeting of Stockholders ("Special Meeting") scheduled to be held today to approve the proposed merger with Ouster, Inc. (NYSE: OUST) and related matters was convened and adjourned without conducting any business. The Special Meeting will reconvene at 9:00 a.m. PT on February 10, 2023 and will be held virtually at https://www.virtualshareholdermeeting.com/VLDR2023SM.
SAN FRANCISCO, February 02, 2023--Ouster, Inc. (NYSE: OUST) ("Ouster"), a leading provider of high-resolution digital lidar, and Velodyne Lidar, Inc. (Nasdaq: VLDR; VLDRW) ("Velodyne"), a global player in lidar sensors and solutions, announced today the proposed designations for the Board of Directors of the Combined Company, subject to approval by the Ouster Board of Directors and closing the proposed merger of equals. The merger is expected to drive significant value creation and result in a s
SAN JOSE, Calif., January 26, 2023--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that the Special Meeting of Stockholders ("Special Meeting") to approve the proposed merger with Ouster, Inc. (NYSE: OUST) and related matters was convened and adjourned without conducting any business. The Special Meeting will reconvene at 9:00 a.m. PT on February 3, 2023.
"Dee has previously criticized the board and management and voiced his concerns about his considerable differences of opinion with certain Board members and management," said the company in a filing. Dee, who was appointed as chairman of the company in 2021 after Joseph Culkin stepped down citing health reasons, had resigned last July from the role and all other committees. Velodyne's stock had plummeted nearly 84% last year.
Sensor maker Velodyne Lidar Inc said on Tuesday former chairman Michael Dee has resigned from the company's board, effective immediately. "Dee has previously criticized the board and management and voiced his concerns about his considerable differences of opinion with certain Board members and management," said the company in a filing. Dee, who was appointed as chairman of the company in 2021 after Joseph Culkin stepped down citing health reasons, had resigned last July from the role and all o...
SAN JOSE, Calif., January 24, 2023--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) is urging stockholders to cast their votes in favor of the proposed merger with Ouster. As of January 23, 2023, over 97% of those voting have voted to approve the proposal to effect the merger. At this time, Velodyne has not reached the minimum quorum. Voters must cast their votes promptly in order to be counted in the Special Meeting of Stockholders on January 26, 2023, at 9:00 a.m. Pacific Time.
SAN JOSE, Calif., January 17, 2023--Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced that the leading independent proxy advisory firm of Institutional Shareholder Services ("ISS") has recommended that shareholders vote "FOR" the proposed merger with Ouster, Inc. (NYSE: OUST) at Velodyne’s upcoming Special Meeting of Stockholders (the "Special Meeting"), scheduled for January 26, 2023.