NEW YORK, June 6, 2013 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of DSP Group, Inc. ("DSP" or "the Company") (NASDAQ: DSPG) beneficially owning approximately 10.1% of its outstanding common stock, today issued a statement to DSP shareholders following an announcement by Roumell Asset Management, LLC ("Roumell Asset Management"), one of the Company's largest shareholders, that it is supporting the election of all three of Starboard's highly qualified director candidates at the Company's upcoming 2013 Annual Meeting (the "Annual Meeting"). Roumell Asset Management's public endorsement of Starboard's full slate follows the May 14, 2013 announcement by Nokomis Capital, LLC ("Nokomis Capital"), which owns approximately 6.3% of DSP's outstanding shares, that it is supporting Starboard's full slate by voting all of their shares on Starboard's WHITE proxy card.
Starboard's statement to DSP shareholders:
"We are less than one week away from the Annual Meeting, where DSP's shareholders will have the choice of either supporting the Company's director nominees, with their record of excessive spending, failed product development, poor corporate governance, and destruction of shareholder value, or supporting our three highly qualified nominees who have the experience, the independence, and the determination to work diligently to ensure that the Company is run solely in the best interest of all shareholders. We think the choice is clear and are encouraged by the strong support we have received from shareholders during this election contest, including public support from two of the Company's largest shareholders, Roumell Asset Management and Nokomis Capital.
Earlier today, Roumell Asset Management, a significant DSP shareholder with approximately 4.5% of the outstanding shares, issued a press release announcing its support for all three of Starboard's director nominees on our WHITE proxy card. In its press release, Roumell Asset Management stated: