Micrel (MCRL) Reports on Conclusion of Special Meeting of Shareholders

June 9, 2008 3:02 PM EDT

Micrel, Incorporated (Nasdaq: MCRL) announced that IVS Associates, Inc., the independent inspector of elections for the Company's special meeting of shareholders held on May 20, 2008, has released the final tabulations of the votes cast at the meeting and confirmed that shareholders rejected all the proposals made by Obrem Capital Management ("OCM"), which owns approximately 15% of the outstanding shares.

To be approved, the first three of OCM's proposals each required an affirmative vote from a majority of the 71,370,628 shares entitled to vote, and the last proposal required the affirmative vote from a majority of the shares voting at the meeting. 90.54% of the shares entitled to vote were cast at the special meeting. OCM did not obtain the requisite majority of votes on any of its proposals.

Micrel, Incorporated (Micrel) designs, develops, manufactures and markets a range of high-performance analog power integrated circuits (ICs), mixed-signal and digital ICs. [SM]

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