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Sonus expands board, elects Legatum Capital designee to fill vacancy
By Lisa Kerner
Charlotte, N.C., May 13 - Sonus Networks, Inc. increased its board of directors to eight members from seven on May 4.
James K. Brewington was elected to fill the resulting vacancy. He was appointed to a term expiring at the 2009 annual meeting, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.
Brewington was one of the candidates identified by Legatum Capital Ltd. as part of its settlement agreement with Sonus.
Sonus agreed to include Brewington on its slate of directors for election at the 2009 annual meeting and to publicly support and recommend his election.
In January, Sonus announced it would add two new independent members, designated by Legatum, to its board under the settlement agreement.
As previously reported, Legatum agreed, for a specified period of time, not to solicit proxies in support of any nominee to the board in opposition to Sonus' slate or to solicit stockholders for the approval of stockholder proposals.
Legatum beneficially owns 67,295,079 shares, or 24.6%, of Sonus.
Westford, Mass.-based Sonus specializes in voice infrastructure solutions for wireline and wireless service providers.
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