Finisar to consider Vantage board of directors nominee

By Lisa Kerner

Charlotte, N.C., Nov. 2 - Finisar Corp. agreed to use its "reasonable best efforts" to elect a nominee of VantagePoint Venture Associates III, LLC and its affiliates to Finisar's board of directors, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 3,147,592 shares, or 1%, of the company's outstanding shares.

Sunnyvale, Calif.-based Finisar designs, manufactures and markets digital fiber-optic subsystems and network monitoring systems for high-speed data communications over local area networks.

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