Analog Devices Files Definitive Additional Materials for Shareholders

TL;DR

**ADI just dropped more proxy docs, likely prepping for a shareholder vote related to ISS recommendations.**

AI Summary

Analog Devices, Inc. (ADI) filed a DEFA14A on February 29, 2024, to provide additional definitive materials to its shareholders. This filing includes a slide presentation sent to shareholders on the same date, relating to Institutional Shareholder Services (ISS). The company, headquartered in Wilmington, MA, with a business phone of 781-329-4700, is a semiconductor manufacturer.

Why It Matters

This filing indicates Analog Devices is actively communicating with shareholders regarding proxy matters, potentially influencing voting decisions on key corporate governance issues.

Risk Assessment

Risk Level: low — This is a routine filing for additional proxy materials and does not inherently indicate significant financial or operational risk.

Key Players & Entities

• Analog Devices, Inc. (company) — Registrant filing the DEFA14A
• Institutional Shareholder Services (company) — Subject of the slide presentation sent to shareholders
• Wilmington, MA (company) — Business address city and state of Analog Devices, Inc.
• February 29, 2024 (date) — Date of filing and date slide presentation was sent to shareholders
• 0000006281 (company) — Central Index Key (CIK) for Analog Devices, Inc.

FAQ

Key Financial Figures

• $1.6B — 7 margin 73% & to high growth markets >$1.6B annual R&D nanowatts to years microns a
• $15B — s end customer >5% 50+ production sites $15B+ shareholder Customers value ADI Leader
• $1B — f revenue returns over last 5 Targeting $1B+ of as a trusted, long- Hybrid direct,
• $12B — n 64%; GAAP operating margin 31%. 4 1 $12B+ OF REVENUE DIVERSIFIED ACROSS MARKETS
• $21 billion — n of Maxim Integrated Products Inc for ~$21 billion and in May 2018 following our acquisiti
• $15 billion — r acquisition of Linear Technology for ~$15 billion 50% YoY Revenue Growth (measured quarte
• $73.8B — Product Drive Bold Sustainability 200% ~$73.8B 163% Universe Goals 150% 100% Execute o
• $15.5B — Execute on an Aggressive Long-term 50% ~$15.5B Financial Model 0% -50% The metrics and
• $2,100 — FY23 FY23 FY23 Q1 24 Q2 24 (Projected) $2,100 Revenue $12,306 Revenue $12,306 Revenue
• $12,306 — Q1 24 Q2 24 (Projected) $2,100 Revenue $12,306 Revenue $12,306 Revenue $12,306 Revenue
• $2,513 — Revenue $12,306 Revenue $12,306 Revenue $2,513 Revenue (+/- $100) Net Cash Provided by
• $100 — nue $12,306 Revenue $2,513 Revenue (+/- $100) Net Cash Provided by GAAP Gross Margin
• $7,877 — Net Cash Provided by GAAP Gross Margin $7,877 GAAP Operating Income $3,823 $4,818 GAA
• $3,823 — oss Margin $7,877 GAAP Operating Income $3,823 $4,818 GAAP Operating Income $586 GAAP
• $4,818 — gin $7,877 GAAP Operating Income $3,823 $4,818 GAAP Operating Income $586 GAAP Operati

Filing Documents

• d755652ddefa14a.htm (DEFA14A) — 40KB
• g755652txp10g1.jpg (GRAPHIC) — 328KB
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• g755652txp14g1.jpg (GRAPHIC) — 332KB
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• g755652txp16g1.jpg (GRAPHIC) — 308KB
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• g755652txp18g1.jpg (GRAPHIC) — 312KB
• g755652txp1g1.jpg (GRAPHIC) — 556KB
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• g755652txp3g1.jpg (GRAPHIC) — 327KB
• g755652txp4g1.jpg (GRAPHIC) — 393KB
• g755652txp5g1.jpg (GRAPHIC) — 251KB
• g755652txp6g1.jpg (GRAPHIC) — 373KB
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• g755652txp9g1.jpg (GRAPHIC) — 396KB
• 0001193125-24-053390.txt ( ) — 9691KB

FORWARD LOOKING STATEMENTS This presentation contains forward-looking

FORWARD LOOKING STATEMENTS This presentation contains forward-looking our business; future compensation actions; our strategy; and other future events. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: economic, political, legal and regulatory uncertainty or conflicts; changes in demand for semiconductor products; manufacturing delays, product and raw materials availability and supply chain disruptions; products that may be diverted from our authorized distribution channels; changes in export classifications, import and export regulations or duties and tariffs; our development of technologies and research and development investments; our future liquidity, capital needs and capital expenditures; our ability to compete successfully in the markets in which we operate; our ability to recruit and retain key personnel; risks related to acquisitions or other strategic transactions; security breaches or other cyber incidents; adverse results in litigation matters; reputational damage; changes in our estimates of our expected tax rates based on current tax law; risks related to our indebtedness; unanticipated difficulties or expenditures related to integrating Maxim Integrated Products, Inc.; the discretion of our Board of Directors to declare dividends and ou

View Full Filing

View this DEFA14A filing on SEC EDGAR