Littelfuse Director Departs; Filings Include Compensation and Financials

TL;DR

Littelfuse director John D. Peterson is out. Filings also cover exec pay and financials.

AI Summary

Littelfuse, Inc. announced on January 10, 2025, the departure of director John D. Peterson. The company also reported on compensatory arrangements for certain officers and filed financial statements and exhibits. The filing does not disclose specific dollar amounts or new appointments.

Why It Matters

The departure of a director can signal internal changes or strategic shifts within the company. The filing of financial statements and compensation details provides transparency for investors.

Risk Assessment

Risk Level: low — The filing primarily reports a director's departure and routine financial disclosures, with no immediate negative financial implications.

Key Players & Entities

• John D. Peterson (person) — Departing Director
• Littelfuse, Inc. (company) — Registrant
• Delaware (company) — State of Incorporation

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share LFUS NASDAQ Global Select
• $1,000,000 — will receive an initial base salary of $1,000,000 per annum and an initial annual target
• $4.55 million — of market (expected to be approximately $4.55 million) and not prorated. In addition, Dr. Hen
• $7 million — ance share award with a target value of $7 million on February 10, 2025 based on the closi

Filing Documents

• ef20041414_8k.htm (8-K) — 40KB
• ef20041414_ex10-1.htm (EX-10.1) — 18KB
• ef20041414_ex10-2.htm (EX-10.2) — 93KB
• ef20041414_ex10-3.htm (EX-10.3) — 90KB
• ef20041414_ex99-1.htm (EX-99.1) — 10KB
• image0.jpg (GRAPHIC) — 41KB
• 0001140361-25-000873.txt ( ) — 497KB
• lfus-20250110.xsd (EX-101.SCH) — 4KB
• lfus-20250110_lab.xml (EX-101.LAB) — 21KB
• lfus-20250110_pre.xml (EX-101.PRE) — 16KB
• ef20041414_8k_htm.xml (XML) — 4KB

02. Departure of Directors or

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 10, 2025, David W. Heinzmann notified the Board of Directors (the "Board") of Littelfuse, Inc. (the "Company") of his intention to retire as President and Chief Executive Officer of the Company, effective February 10, 2025. Mr. Heinzmann has agreed to serve the Company as Special Advisor to the Chief Executive Officer for a transition period following his retirement as President and Chief Executive Officer. Mr. Heinzmann also notified the Board of his intention to not stand for re-election as a member of the Board at the Company's 2025 annual meeting of stockholders. On January 10, 2025, the Board appointed Gregory N. Henderson to succeed Mr. Heinzmann as President and Chief Executive Officer of the Company, effective February 10, 2025. Dr. Henderson, 56, has been a member of the Board since May 2023. From 2017 to 2024, Dr. Henderson was the Senior Vice President of the Automotive & Energy, Communications, and Aerospace Group for Analog Devices, Inc. (NASDAQ: ADI), a semiconductor company specializing in data conversion, signal processing and power management technology. Previously, he served as Vice President of the RF and Microwave Business for Analog Devices from 2014 to 2017, and as Vice President of the RF and Microwave Business for Hittite Microwave Corporation until its acquisition by Analog Devices in 2014. Before joining Hittite, Dr. Henderson held various positions of increasing technical and leadership responsibility at Harris Corporation, Tyco Electronics, TriQuint Semiconductor, and IBM (NYSE: IBM). Dr. Henderson holds a bachelor's degree in electrical engineering from Texas Tech University and a Ph.D. in electrical engineering from the Georgia Institute of Technology. Dr. Henderson has no family relationship to the Company nor to any of its directors or executive officers, and there

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Retirement Letter, dated January 10, 2025, by and between Littelfuse, Inc. and David W. Heinzmann. 10.2 Offer Letter, dated January 10, 2025, by and between Littelfuse, Inc. and Gregory N. Henderson. 10.3 Change of Control Agreement, dated January 10, 2025, by and between Littelfuse, Inc. and Gregory N. Henderson. 99.1 Press Release, dated January 13, 2025. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. -2- SIGNATURE 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 thereunto duly authorized. Date: January 13, 2025 LITTELFUSE, INC. By: /s/ Ryan K. Stafford Name: Ryan K. Stafford Title: Executive Vice President, Mergers & Acquisitions, Chief Legal Officer and Corporate Secretary -3-

View Full Filing

View this 8-K filing on SEC EDGAR