Credo Tech Files 8-K on Officer Compensation, Director Changes
Ticker: CRDO · Form: 8-K · Filed: Jan 9, 2024 · CIK: 1807794
Complexity: simple
Sentiment: neutral
Topics: compensatory-arrangements, officer-changes, director-changes
TL;DR
**Credo Tech just filed an 8-K about officer pay and board changes, keep an eye on the details.**
AI Summary
Credo Technology Group Holding Ltd filed an 8-K on January 9, 2024, reporting an event that occurred on January 3, 2024. This filing indicates a change in compensatory arrangements for certain officers, as well as potential departures or elections of directors or officers. While specific names and dollar amounts are not detailed in this summary, any significant changes in executive compensation or leadership can impact investor confidence and the company's strategic direction, making it important for shareholders to monitor the full details of such changes.
Why It Matters
Changes in executive compensation or leadership can signal shifts in company strategy or financial health, directly influencing investor perception and stock valuation.
Risk Assessment
Risk Level: medium — The filing indicates changes in executive compensation and potentially leadership, which can introduce uncertainty if the details are unfavorable or signal instability.
Analyst Insight
A smart investor would closely monitor subsequent filings or company announcements for specific details regarding the changes in compensatory arrangements and any director/officer movements, as these specifics will determine the actual impact on the company.
Key Players & Entities
- Credo Technology Group Holding Ltd (company) — the registrant filing the 8-K
- January 3, 2024 (date) — date of the earliest event reported
- January 9, 2024 (date) — date the 8-K was filed
- 001-41249 (other) — Commission File Number
- Cayman Islands (other) — State or other jurisdiction of incorporation
FAQ
What specific items were reported in this 8-K filing by Credo Technology Group Holding Ltd?
This 8-K filing reported information under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', 'Other Events', and 'Financial Statements and Exhibits'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 3, 2024.
What is the full legal name of the company that filed this 8-K?
The exact name of the registrant as specified in its charter is Credo Technology Group Holding Ltd.
What is the Commission File Number for Credo Technology Group Holding Ltd?
The Commission File Number for Credo Technology Group Holding Ltd is 001-41249.
Where is Credo Technology Group Holding Ltd incorporated?
Credo Technology Group Holding Ltd is incorporated in the Cayman Islands.
Filing Stats: 488 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-01-09 16:32:33
Key Financial Figures
- $0.00005 — Registered Ordinary shares, par value $0.00005 per share CRDO The Nasdaq Stock Marke
Filing Documents
- dp205059_8k.htm (8-K) — 25KB
- dp205059_ex9901.htm (EX-99.1) — 9KB
- image_001.jpg (GRAPHIC) — 3KB
- 0000950103-24-000486.txt ( ) — 211KB
- crdo-20240103.xsd (EX-101.SCH) — 3KB
- crdo-20240103_lab.xml (EX-101.LAB) — 33KB
- crdo-20240103_pre.xml (EX-101.PRE) — 22KB
- dp205059_8k_htm.xml (XML) — 3KB
02 Departure of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Certain Officers; Compensatory Arrangements of Certain Officers. On January 3, 2024, Adam Thorngate-Gottlund, the General Counsel and Secretary of Credo Technology Group Holding Ltd (the "Company"), notified the Company that he will be stepping down from his position with the Company, effective January 25, 2024.
01 Other Events
Item 8.01 Other Events. On January 9, 2024, the Company announced that Katherine E. Schuelke will be joining the Company as Chief Legal Officer and Secretary, effective January 26, 2024.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description of Exhibit 99.1 Press Release, dated January 9, 2024 104 Cover Page Interactive Data File (embedded with Inline XBRL document) SIGNATURE 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. Credo Technology Group Holding Ltd Date: January 9, 2024 /s/ William Brennan William Brennan President and Chief Executive Officer