Semtech Corp. Announces Director Changes and Executive Compensation Updates
Ticker: SMTC · Form: 8-K · Filed: Nov 27, 2024 · CIK: 88941
Sentiment: neutral
Topics: director-change, executive-compensation, governance
Related Tickers: SMTC
TL;DR
Semtech board shakeup: Wilson out, Woods in. Exec comp changes too.
AI Summary
On November 26, 2024, Semtech Corp. reported a departure of a director, Mr. David L. Wilson, and the election of a new director, Ms. Catherine L. Woods. Additionally, the company announced changes in its executive compensation arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.
Risk Assessment
Risk Level: medium — Director departures and executive compensation adjustments can sometimes indicate underlying issues or strategic shifts that may impact the company's future performance.
Key Players & Entities
- Semtech Corp. (company) — Registrant
- David L. Wilson (person) — Departing Director
- Catherine L. Woods (person) — Newly Elected Director
- November 26, 2024 (date) — Date of earliest event reported
FAQ
Who is the departing director and when did their departure become effective?
Mr. David L. Wilson is the departing director, and the report indicates the earliest event date as November 26, 2024, implying his departure is effective around this date.
Who is the newly elected director?
Ms. Catherine L. Woods has been elected as a new director.
What other significant event is reported in this 8-K filing?
The filing also reports on compensatory arrangements of certain officers.
What is Semtech Corp.'s state of incorporation?
Semtech Corp. is incorporated in Delaware.
What is the principal executive office address for Semtech Corp.?
The principal executive office is located at 200 Flynn Road, Camarillo, California 93012-8790.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 13.2 · Accepted 2024-11-27 16:13:24
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share SMTC The Nasdaq Global Select
Filing Documents
- smtc-20241126.htm (8-K) — 25KB
- 0000088941-24-000129.txt ( ) — 144KB
- smtc-20241126.xsd (EX-101.SCH) — 2KB
- smtc-20241126_lab.xml (EX-101.LAB) — 21KB
- smtc-20241126_pre.xml (EX-101.PRE) — 12KB
- smtc-20241126_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES 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 hereunto duly authorized. SEMTECH CORPORATION Date: November 27, 2024 /s/ Mark Lin Name: Mark Lin Title: Chief Financial Officer