QuickLogic Appoints New Directors, Approves Equity Plan
Ticker: QUIK · Form: 8-K · Filed: Apr 1, 2024 · CIK: 882508
| Field | Detail |
|---|---|
| Company | Quicklogic Corp (QUIK) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, equity-plan, management
TL;DR
QuickLogic adds new board members and gets shareholder approval for its 2024 equity plan.
AI Summary
On March 29, 2024, QuickLogic Corporation filed an 8-K report detailing the departure of director John P. O'Donnell and the appointment of two new directors, David L. Hudson and Robert L. W. Jr. The company also announced a new equity incentive plan, the 2024 Equity Incentive Plan, which was approved by shareholders.
Why It Matters
Changes in board composition and the approval of an equity incentive plan can signal shifts in company strategy and future executive compensation, potentially impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Board changes and equity plan approvals can introduce uncertainty or signal future dilution, requiring closer monitoring.
Key Players & Entities
- John P. O'Donnell (person) — departing director
- David L. Hudson (person) — newly appointed director
- Robert L. W. Jr. (person) — newly appointed director
- QuickLogic Corporation (company) — registrant
- 2024 Equity Incentive Plan (document) — newly approved equity plan
FAQ
Who has departed from QuickLogic's board of directors?
John P. O'Donnell has departed from the board of directors of QuickLogic Corporation.
Who are the new directors appointed to QuickLogic's board?
David L. Hudson and Robert L. W. Jr. have been appointed as new directors to QuickLogic's board.
What is the name of the new equity incentive plan approved by shareholders?
The new equity incentive plan approved by shareholders is the 2024 Equity Incentive Plan.
On what date was this 8-K report filed?
This 8-K report was filed on April 1, 2024, with the earliest event reported being March 29, 2024.
What is QuickLogic Corporation's state of incorporation?
QuickLogic Corporation is incorporated in Delaware.
Filing Stats: 884 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-04-01 16:07:55
Filing Documents
- quicklo20240330_8k.htm (8-K) — 29KB
- ex_648328.htm (EX-99.1) — 5KB
- 0001437749-24-010363.txt ( ) — 166KB
- quik-20240329.xsd (EX-101.SCH) — 3KB
- quik-20240329_def.xml (EX-101.DEF) — 11KB
- quik-20240329_lab.xml (EX-101.LAB) — 15KB
- quik-20240329_pre.xml (EX-101.PRE) — 11KB
- quicklo20240330_8k_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On April 1, 2024, the Company issued a press release announcing the resignation of Radhika Krishnan as a member of its Board. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of and general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release 104 Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 1, 2024 QuickLogic Corporation /s/ Elias Nader Elias Nader Chief Financial Officer and Senior Vice-President, Finance (Principal Financial Officer)