Semtech SVP Global Sales Mark Russell to depart March 6; severance of $175,000

SEMTECH CORP

Mark P. Russell, Senior Vice President, Global Sales and Marketing, will leave Semtech on March 6, 2025.
Separation agreement provides a lump sum cash severance payment of $175,000.
Company will also reimburse COBRA premiums for up to 12 months and pay a FY2025 cash bonus subject to release of claims.
No successor has been named; search for replacement is expected.

item 5.02

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Departed

Mark P. Russell

Senior Vice President, Global Sales and Marketing

SMTC · SEMTECH CORP

Effective: 2025-03-06
Filed: February 24, 2025, 6:59 PM ET

On February 20, 2025, Semtech Corporation, a Delaware corporation (“Semtech” or the “Company”), entered into a Separation and General Release Agreement (the “Separation Agreement”) with Mark P. Russell, the Company’s Senior Vice President, Global Sales and Marketing. The Separation Agreement provides that Mr. Russell’s last day of employment with the Company will be March 6, 2025 (the “Separation Date”).

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mark P. Russell departed as Senior Vice President, Global Sales and Marketing at SEMTECH CORP.

Action: departure
Role: Senior Vice President, Global Sales and Marketing

Exact text from the filing

On February 20, 2025, Semtech Corporation, a Delaware corporation (“Semtech” or the “Company”), entered into a Separation and General Release Agreement (the “Separation Agreement”) with Mark P. Russell, the Company’s Senior Vice President, Global Sales and Marketing. The Separation Agreement provides that Mr. Russell’s last day of employment with the Company will be March 6, 2025 (the “Separation Date”).

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Source: SEC EDGAR

accession 0000088941-25-000028

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