The Board of Directors of LTX-Credence Corporation unanimously appointed Jorge L. Titinger as a Class III member of the Board, to serve until the annual meeting of the stockholders of the company of 2013 and until his successor has been duly elected and qualified, or until his earlier removal or resignation. The Board has determined that Mr. Titinger is an independent director. Titinger currently serves as president, chief executive officer, and a member of the board of directors of Silicon Graphics International Corp., a position Titinger has held since February, 2012.