---
schema_version: "secwatch.filing_event.v1"
accession: "0000772406-22-000003"
form_type: "8-K"
ticker: "CRUS"
cik: "0000772406"
company_name: "CIRRUS LOGIC, INC."
filed_at: "2022-01-25T23:59:59+00:00"
generated_at: "2026-06-27T16:03:24.984961+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cirrus Logic amends exec severance plan; CEO gets 200% target bonus on change-of-control termination

## Summary
- Compensation Committee approved amendments on Jan 20, 2022 to Executive Severance and Change of Control Plan.
- CEO receives 200% of annual target bonus (other execs 100%) plus prorated bonus upon change-of-control termination.
- CEO's COBRA cash payment extended to 18 months; for non-change-of-control termination, CEO gets 12 months, others 6.
- Added recoupment provision allowing clawback of severance plus interest if subsequently discovered Cause.
- Definitions of Cause and Good Reason updated to specify additional circumstances triggering or excluding severance.

## SEC filing metadata
- accession: 0000772406-22-000003
- form_type: 8-K
- ticker: CRUS
- cik: 0000772406
- company_name: CIRRUS LOGIC, INC.
- filed_at: 2022-01-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/772406/000077240622000003/0000772406-22-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/772406/000077240622000003/crus-20220120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000772406-22-000003
- JSON: https://secwatch.observer/filing/0000772406-22-000003.json
- Plain text: https://secwatch.observer/filing/0000772406-22-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.