secwatch.observer — SEC 8-K summary
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Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0000772406-23-000013
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Cirrus Logic raises CEO Forsyth's base salary 4% to $728k, boosts bonus target to 62.5%
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- CEO John Forsyth base salary increased 4% from $700,000 to $728,000 effective fiscal year 2024.
- Semiannual target bonus raised from 50% to 62.5% of base salary under 2007 Incentive Plan.
- Target total cash compensation set at $1.638 million (125% of base), between 25th and 50th percentiles of market data.
- Compensation committee considered company performance, CEO performance, and market data from Compensia, Inc.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000077240623000013/0000772406-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000077240623000013/crus-20230323.htm
  HTML page:      https://secwatch.observer/filing/0000772406-23-000013

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