---
schema_version: "secwatch.filing_event.v1"
accession: "0000772406-22-000008"
form_type: "8-K"
ticker: "CRUS"
cik: "0000772406"
company_name: "CIRRUS LOGIC, INC."
filed_at: "2022-03-25T23:59:59+00:00"
generated_at: "2026-06-26T17:51:39.096898+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Cirrus Logic amends incentive plan to use non-GAAP operating profit metric; removes 162(m) provisions

## Summary
- Operating Profit Margin redefined as GAAP operating income excluding stock compensation and Non-Recurring Items, plus bonus accruals.
- Section 162(m) performance-based compensation exception removed due to repeal of the provision.
- Schedule A (Target Incentive Factors) eliminated; Committee now sets participants and factors directly.
- Amendments effective for plan cycles starting fiscal year 2023; plan cap remains $5M per participant per year.

## SEC filing metadata
- accession: 0000772406-22-000008
- form_type: 8-K
- ticker: CRUS
- cik: 0000772406
- company_name: CIRRUS LOGIC, INC.
- filed_at: 2022-03-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/772406/000077240622000008/0000772406-22-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/772406/000077240622000008/crus-20220322.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000772406-22-000008
- JSON: https://secwatch.observer/filing/0000772406-22-000008.json
- Plain text: https://secwatch.observer/filing/0000772406-22-000008.txt

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