Cirrus Logic 8-K: Officer Compensation & Leadership Changes
Ticker: CRUS · Form: 8-K · Filed: Jan 30, 2024 · CIK: 772406
| Field | Detail |
|---|---|
| Company | Cirrus Logic, Inc. (CRUS) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance, leadership-change
TL;DR
**Cirrus Logic just reported executive compensation and potential leadership changes, keep an eye on future strategy.**
AI Summary
Cirrus Logic, Inc. filed an 8-K on January 30, 2024, reporting an event that occurred on January 25, 2024. This filing indicates a change in compensatory arrangements for certain officers, as well as potential departures or elections of directors or officers. For investors, this matters because changes in executive compensation or leadership can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive compensation and leadership can influence a company's strategic direction and operational efficiency, directly affecting its financial outlook and investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive compensation and leadership can introduce uncertainty regarding future company performance and strategic direction, posing a medium risk to investors.
Analyst Insight
A smart investor would monitor Cirrus Logic's upcoming proxy statements and future 8-K filings for specific details on executive compensation and any announced leadership changes, as these can influence long-term company strategy and performance.
Key Numbers
- 000-17795 — Commission File Number (identifies Cirrus Logic's filings with the SEC)
- 77-0024818 — IRS Employer Identification No. (unique tax identification number for Cirrus Logic)
- 512-851-4000 — Business Phone Number (Cirrus Logic's primary contact number)
Key Players & Entities
- CIRRUS LOGIC, INC. (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of the earliest event reported
- January 30, 2024 (date) — date the 8-K was filed
- 000-17795 (dollar_amount) — Commission File Number
- 77-0024818 (dollar_amount) — IRS Employer Identification No.
Forward-Looking Statements
- Cirrus Logic will provide more details on executive compensation changes in its next quarterly report. (Cirrus Logic, Inc.) — medium confidence, target: Q1 2024 Earnings Report
- Any leadership changes hinted at in this filing will be clarified within the next 3 months. (Cirrus Logic, Inc.) — medium confidence, target: April 30, 2024
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 25, 2024.
What specific items were reported under Item 5.02 of this 8-K?
Item 5.02 covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
What is the trading symbol for Cirrus Logic, Inc. common stock?
The trading symbol for Cirrus Logic, Inc. common stock is CRUS, and it is registered on The NASDAQ Stock Market LLC.
Where is Cirrus Logic, Inc.'s principal executive office located?
Cirrus Logic, Inc.'s principal executive office is located at 800 W. 6th Street, Austin, TX 78701.
What is the Central Index Key (CIK) for Cirrus Logic, Inc.?
The Central Index Key (CIK) for Cirrus Logic, Inc. is 0000772406.
Filing Stats: 611 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-01-30 16:00:28
Key Financial Figures
- $0.001 — ange on which registered Common stock, $0.001 par value CRUS The NASDAQ Stock Market
Filing Documents
- crus-20240125.htm (8-K) — 31KB
- january2024bodpressrelease.htm (EX-99.1) — 6KB
- image_0.jpg (GRAPHIC) — 70KB
- 0000772406-24-000003.txt ( ) — 259KB
- crus-20240125.xsd (EX-101.SCH) — 2KB
- crus-20240125_lab.xml (EX-101.LAB) — 24KB
- crus-20240125_pre.xml (EX-101.PRE) — 12KB
- crus-20240125_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 30, 2024, the Company issued a press release announcing Ms. Hanford's notification described in Item 5.02. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of, or otherwise regarded as filed under, the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or in the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) The following exhibits are furnished with this Current Report on Form 8-K. Exhibit No. Description 99.1 Cirrus Logic, Inc. Press Release, dated January 30 , 202 4 . 104 Cover Page Interactive Data File (formatted as Inline XBRL)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CIRRUS LOGIC, INC. Date: January 30, 2024 By: /s/ Gregory S. Thomas Name: Gregory S. Thomas Title: Senior Vice President, General Counsel