secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2026-06-08T20:05:29+00:00
Accession:  0000088941-26-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Semtech shareholders re-elect board, approve equity plan amendment; severance plan updated
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- All nine director nominees elected with >96% votes for; auditor ratified; say-on-pay passed (approx 97.6% for).
- Stockholders approved equity plan amendment to increase share reserve by 4.3M shares (approx 97.8% for).
- Executive Severance Plan amended to provide 1x salary plus pro-rata target bonus on non-CIC termination.
- Benefits also include COBRA premium reimbursement for up to 12 months and accelerated vesting of excess plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000019/0000088941-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000019/smtc-20260602.htm
  HTML page:      https://secwatch.observer/filing/0000088941-26-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer