Allegro MicroSystems Announces Director Departure, Executive Compensation
Ticker: ALGM · Form: 8-K · Filed: Mar 4, 2024 · CIK: 866291
| Field | Detail |
|---|---|
| Company | Allegro Microsystems, Inc. (ALGM) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, director-departure
Related Tickers: ALGM
TL;DR
Allegro MicroSystems director out, exec comp details released.
AI Summary
Allegro MicroSystems, Inc. announced on February 29, 2024, the departure of Director Michael F. Holland. The company also reported on compensatory arrangements for its named executive officers, including base salary, bonus, and equity awards. The filing details the election of new directors and the appointment of certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters and executive compensation, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- Allegro MicroSystems, Inc. (company) — Registrant
- Michael F. Holland (person) — Departing Director
- February 29, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Allegro MicroSystems board of directors?
Michael F. Holland has departed from the board of directors of Allegro MicroSystems, Inc.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated February 29, 2024.
What are the main topics covered in this 8-K filing?
This filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements of certain officers.
Under which section of the Securities Exchange Act is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for Allegro MicroSystems, Inc.?
Allegro MicroSystems, Inc. is incorporated in Delaware.
Filing Stats: 932 words · 4 min read · ~3 pages · Grade level 13.5 · Accepted 2024-03-04 16:05:27
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share ALGM The Nasdaq Global Se
Filing Documents
- algm-20240229.htm (8-K) — 45KB
- 0000950170-24-024818.txt ( ) — 215KB
- algm-20240229.xsd (EX-101.SCH) — 60KB
- algm-20240229_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALLEGRO MICROSYSTEMS, INC. Date: March 4, 2024 By: /s/ Sharon S. Briansky Sharon S. Briansky Senior Vice President, General Counsel and Secretary