Rubicon Technology appoints new director

Business Wire

BENSENVILLE - Rubicon Technology has appointed Timothy E. Brog as a new independent director to its board of directors.

Brog is president of Locksmith Capital, and his appointment expands the board to six members, five of whom are independent.

Previously to Locksmith Capital, Brog served as chairman of the board of directors of Peerless Systems Corp. June 2008 to February 2015, chief executive officer from August 2010 to March 2015 and a director beginning in July 2007. He served as a managing director and portfolio manager to Locksmith Value Opportunity Fund LP from September 2007 to August 2010. He also served as managing director of E2 Investment Partners LLC, a special purpose vehicle to invest in Peerless, from March 2007 to July 2008.

"He is an accomplished executive, with extensive investment, legal, management and financial experience - as well as a strong track record of driving change as a member of public company boards, serving on director slates of both management and activist shareholders," said Don N. Aquilano, chairman of the board. "We welcome his insights as we pursue the appropriate path forward to drive long-term stockholder value. Timothy brings valuable new perspectives to our Board, and his appointment is consistent with our commitment to maintaining a highly qualified Board with the necessary skills and expertise to navigate the current environment."

Rubicon Technology is an advanced electronic materials provider specializing in monocrystalline sapphire for applications in light-emitting diodes (LEDs), optical systems and specialty electronic devices.