Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Integrated Silicon Solution, Inc. (“Integrated Silicon” or the “Company”) (NasdaqGS: ISSI) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for an amendment to the Company’s Incentive Compensation Plan.
Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 8, 2013, the Board of Directors recommends that Integrated Silicon’s shareholders vote to approve an amendment to the Company’s 2007 Incentive Compensation Plan to increase the number of shares available for issuance thereunder by 2,000,000 shares. The issuance of the additional shares could have a substantial dilutive effect on the shares of Integrated Silicon common stock.
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