New president and CEO of Spansion Limited Company if he can be in order to be be looked for by the memory company of the trouble a buyer or political reformer, qualified to get a sum of bonus of 1,750,000 dollars, according to the filing.
The company has already postponed the advanced note about it and paid and paid the interest too. And Spansion flies in the rumour realizing layoffs another time, it is reported in Austin, Texas, personnel say news.

Earlier this month, not either the leader name John’s Kispert, the former president and chief operating officer’s Kosovo Liberation Army Tencor Company, as its new CEO and those boards of directors of members’. He replaces Cambou for Bertrand, reduces.

Spansion will not have choice in losing with the bad demand. On the 15th of January, Spansion announces it is selling or amalgamating and exploring the strategic choice to once. The company claims to plan to construct its balance sheet again too.

Source indicate Spansion contemplate fill go bankrupt. Its Japanese unit, really in order to line up bankrupt. And at the same time, Toshiba is considering buying Spansion. It is reported that is seeing Spansion too in one micron of technological Limited Companies.

On the 12, 2009th of February, Kispert joins the company, ” He is qualified to get the compensation of 75, 000 dollars for each month, ” According to the filing securities trading committee recently in U.S.A..

According to the filing, ” The company will pay the bill to the gentleman Kispert advance in advance that can’t be returned of the salary of 4 months. Unless in addition, gentleman the transactions the following,whose name is until the first is the qualified to get sums of bonus of 1,750,000 dollar deposit in Kispert in:

” Amalgamate with once of the companies of any other companies or consolidate, which piece form one change in ownership of the securities of the company to describe over 50% company then securities total vote that describe that does not repay, others, amalgamate or consolidate than one, result in holder of debt that trade in advance of company that take generally at least, 50 percent of total right to vote, in order to describe the company voting or so surviving entity is remarkable in such amalgamation or securities after consolidating immediately; Or

” (ii) Sell, the lease or other personalities are with all or companies’ assets in fact of this company, any person happens about those dates, or not only a person, as a group, get Just assets of company of market price equal to always to exceed 85% a just one always to all assets of market price such obtaining of Company thoses from total number of having Before or get immediately. ”

And those questions continue for the company, because this uses its payment of interest slow. ” 8 K was referred to the securities trading committee on January 16 of 2009 by Spansion Limited Company like reporting 8.01 forms in a project like that in the past, the company releases news briefing and announces it has already postponed paying and paying the interest on not 11.25% of the appropriate 2016 advanced notes of reimbursement of the company, which January 15 of 2009 for expiry is, ” According to the filing of stock exchange committee of last weekend.

” In the contract of 1,125 advanced paper currency of management, enable the not thinking it must be that one 30 life cured period of a payment of interest, ” According to the filing. ” The company does not make this payment of interest cure period within 30 days, stop on February 14 of 2009. It is an item in breach to pay and pay the interest in not curing period under the advanced note contract, which piece cause all obligation in advanced paper currency contract (266 million in breach item from the appointment probably) Leave and expire and should pay automatically. “

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