Analog Devices Adds Former CFO Gallagher to Board

Ticker: ADI · Form: 8-K · Filed: 2024-11-20T00:00:00.000Z

Sentiment: neutral

Topics: board-appointment, governance

Related Tickers: ADI

TL;DR

ADI adds ex-CFO Mike Gallagher to the board, boosting financial oversight.

AI Summary

Analog Devices, Inc. announced on November 17, 2024, that its Board of Directors has elected Michael J. Gallagher as a new director, effective immediately. Gallagher, who is the former Executive Vice President and Chief Financial Officer of Analog Devices, will serve on the Audit Committee and the Compensation Committee.

Why It Matters

The appointment of a former CFO to the board brings valuable financial and operational expertise, potentially influencing strategic decisions and governance.

Risk Assessment

Risk Level: low — This filing pertains to a routine board appointment and does not involve significant financial transactions or operational changes.

Key Players & Entities

FAQ

Who has been elected as a new director to the Analog Devices, Inc. Board of Directors?

Michael J. Gallagher has been elected as a new director.

When was Michael J. Gallagher's election to the board effective?

His election was effective as of November 17, 2024.

What committees will Michael J. Gallagher serve on?

He will serve on the Audit Committee and the Compensation Committee.

What was Michael J. Gallagher's previous role at Analog Devices, Inc.?

He was the former Executive Vice President and Chief Financial Officer.

What is the principal executive office address for Analog Devices, Inc.?

The address is One Analog Way, Wilmington, MA 01887.

From the Filing

0001193125-24-262529.txt : 20241120 0001193125-24-262529.hdr.sgml : 20241120 20241120160459 ACCESSION NUMBER: 0001193125-24-262529 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241117 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20241120 DATE AS OF CHANGE: 20241120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANALOG DEVICES INC CENTRAL INDEX KEY: 0000006281 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 042348234 STATE OF INCORPORATION: MA FISCAL YEAR END: 1102 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07819 FILM NUMBER: 241480315 BUSINESS ADDRESS: STREET 1: ONE ANALOG WAY CITY: WILMINGTON STATE: MA ZIP: 01887 BUSINESS PHONE: 7813294700 MAIL ADDRESS: STREET 1: ONE ANALOG WAY CITY: WILMINGTON STATE: MA ZIP: 01887 8-K 1 d803633d8k.htm 8-K 8-K ANALOG DEVICES INC false 0000006281 0000006281 2024-11-17 2024-11-17     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 17, 2024     Analog Devices, Inc. (Exact name of Registrant as Specified in its Charter)       Massachusetts   1-7819   04-2348234 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   One Analog Way , Wilmington , MA   01887 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code: (781) 935-5565 Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock $0.16 2/3 par value per share   ADI   Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 17, 2024, Gregory Bryant notified Analog Devices, Inc. (the “Company”) of his decision to resign as Executive Vice President and President of Business Units of the Company to explore other opportunities, effective upon the appointment of his replacement by the Company’s Board of Directors (the “Board”). Mr. Bryant will remain employed by the Company through March 3

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