An investigation on behalf of current long term investors in shares of Intersil Corporation (NASDAQ: ISIL) concerning possible breaches of fiduciary duties related to potential excessive compensation that was awarded to certain senior officers and executives at Intersil Corp. was announced.

The investigation by a law firm focuses on whether the directors and officers of Intersil Corp harmed the company by breaching their fiduciary duties to shareholders. In particular the investigation on behalf of current long term investors in Intersil Corporation (NASDAQ: ISIL) focuses on possible shareholder claims that certain of Intersils senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.

Intersils CEO total compensation rose from $3.16million in 2008 and 2008 to $4.44million in 2010 and the Senior Vice President and CFOs pay rose from $427,000 in 2008 to $1.34million in 2010.

However, Intersils shareholders recently expressed their disdain for executive pay packages by voting no on Intersil's say on pay provision at its May 4 annual meeting, according to a company filing.

The investigation concerns possible claims that the prior compensation awarded at Intersil Corporation is improper based upon its current operating condition.

While Intersil Corps 12months Total Revenue increased from $756.97million in 2007 to $822.40million in 2010, it reported a substantial Net Loss in 2008 of $1.026billion compared to a Net income of $140.48million in 2007, $38.56million for 2009 and $26.39million in 2010. For the first 13weeks ending on April 1, 2011 Intersil Corporation reported a Net Income of $14.13million compared to $27.67million a year earlier.

Even though shares of Intersil Corporation (NASDAQ:ISIL) increased from as low as $7.92 per share in December 2008 to slightly over $15 per share in May 2011, NASDAQ: ISIL stock dropped from as high as $33.48 in 07, respectively $$28.15 per share in 08.

The investigation seeks to determine whether certain senior officers and executives at Intersil Corp were awarded salaries, bonuses, stock options and other forms of long-term, incentive or retirement compensation that were excessive or unwarranted based on the Intersils performance as compared to what senior officers and executives at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting.

Finally the investigation focuses also on possible shareholder claims that would allow Intersil Corp (ISIL) stockholders to more efficiently influence or control future compensation decisions at Intersil Corporation.