Allegro MicroSystems Announces Director Changes and Executive Appointments
Ticker: ALGM · Form: 8-K · Filed: Mar 12, 2025 · CIK: 866291
| Field | Detail |
|---|---|
| Company | Allegro Microsystems, Inc. (ALGM) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: ALGM
TL;DR
Allegro MicroSystems swaps a director, names new execs, and tweaks pay. Board shakeup incoming.
AI Summary
On March 12, 2025, Allegro MicroSystems, Inc. filed an 8-K report detailing the departure of Director Michael F. Holland and the appointment of new Director David J. Rickey. The filing also announced the election of new officers and adjustments to compensatory arrangements for certain executives.
Why It Matters
Changes in board composition and executive roles can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and new appointments, especially when coupled with executive changes and compensatory adjustments, can indicate internal shifts that may carry some level of strategic or operational risk.
Key Players & Entities
- Allegro MicroSystems, Inc. (company) — Registrant
- Michael F. Holland (person) — Departing Director
- David J. Rickey (person) — Newly Appointed Director
- March 12, 2025 (date) — Report Date
FAQ
Who has departed from the board of directors at Allegro MicroSystems, Inc.?
Michael F. Holland has departed from the board of directors.
Who has been appointed as a new director at Allegro MicroSystems, Inc.?
David J. Rickey has been appointed as a new director.
What is the exact date of this 8-K filing?
The exact date of this 8-K filing is March 12, 2025.
What other items are covered in this 8-K filing besides director changes?
This filing also covers the election of certain officers and compensatory arrangements of certain officers.
What is the principal executive office address for Allegro MicroSystems, Inc.?
The principal executive office address is 955 Perimeter Road, Manchester, New Hampshire 03103.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on March 12, 2025 by Michael F. Holland regarding ALLEGRO MICROSYSTEMS, INC. (ALGM).