Allegro MicroSystems Appoints New CFO, Robert Conrad

TL;DR

Allegro MicroSystems names Robert Conrad new CFO, starting April 1st with $450K salary + bonus + RSUs.

AI Summary

Allegro MicroSystems, Inc. announced on April 1, 2024, the appointment of Robert J. Conrad as Chief Financial Officer, effective April 1, 2024. Conrad will receive an annual base salary of $450,000 and is eligible for a target annual bonus of 75% of his base salary. He will also be granted restricted stock units (RSUs) with a target value of $1,500,000, vesting over three years.

Why It Matters

The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.

Risk Assessment

Risk Level: low — This filing primarily concerns a routine executive appointment and compensation details, posing minimal immediate risk.

Key Numbers

• $450,000 — CFO Base Salary (Annual compensation for Robert J. Conrad)
• 75% — CFO Bonus Target (Potential annual bonus for Robert J. Conrad)
• $1,500,000 — CFO RSU Grant (Target value of equity compensation for Robert J. Conrad)

Key Players & Entities

• Allegro MicroSystems, Inc. (company) — Company filing the report
• Robert J. Conrad (person) — Newly appointed Chief Financial Officer
• $450,000 (dollar_amount) — Annual base salary for the new CFO
• 75% (dollar_amount) — Target annual bonus percentage for the new CFO
• $1,500,000 (dollar_amount) — Target value of RSUs granted to the new CFO
• April 1, 2024 (date) — Effective date of appointment for the new CFO

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ALGM The Nasdaq Global Se

Filing Documents

• algm-20240401.htm (8-K) — 48KB
• algm-ex99_1.htm (EX-99.1) — 22KB
• 0000950170-24-041158.txt ( ) — 248KB
• algm-20240401.xsd (EX-101.SCH) — 60KB
• algm-20240401_htm.xml (XML) — 4KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. A copy of the Company's press release announcing the election of Ms. Raubacher to the Board is attached hereto as Exhibit 99.1. The information set forth in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description Exhibit 99.1 Press Release issued by Allegro MicroSystems, Inc. on April 3, 2024 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: April 3, 2024 By: /s/ Sharon S. Briansky Sharon S. Briansky Senior Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR