leadis-technology

On October 23, 2009, Leadis Technology’s stockholders approved the Plan of Dissolution of the company, which provides for the complete liquidation for the company under Delaware law. An initial liquidating distribution was made to stockholders of the company on December 14, 2009 in the amount of $0.95 per share of common stock. The company currently expects to make at least one additional liquidating distribution prior to winding up its affairs under Delaware law, however, the specific timing and amount of any future liquidating distribution(s) is not yet known.