Chapman Capital Seeks To Replace Vitesse Semi (VTSS) Board

Chapman Capital, a 7.2% holder of Vitesse Semiconductor Corp. (OTC: VTSS), said it has determined to seek nominees to replace all or part of the Board of Director of the company. Chapman said the company last allowed shareholders to elect Board Representatives some 18 months ago, which Chapman said is in clear non-compliance with Delaware law.

Chapman said it expects to file today with the SEC a Schedule DEFN14A initiating the process of soliciting proxies from shareholders of the Company