secwatch.observer — SEC 8-K summary
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Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0000866291-22-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegro expands board to 11, appoints new directors under amended stockholder agreement
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- Board size increased from 10 to 11; new stockholders agreement restates designation rights for OEP and Sanken.
- Sanken designates Katsumi Kawashima (Class I) and Kojiro Hatano (Class II) as directors; OEP designates Dunn and Schorr.
- OEP-Sanken Joint Director Reza Kazerounian added; OEP Independent directors include Aldrich, Lynch, Martin.
- Director Noriharu Fujita resigned effective June 20, 2022, not due to any disagreement with management.
- Kojiro Hatano, a Sanken designee, received ~$206k in compensation from Allegro in fiscal 2022, partially reimbursed by Sanken.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000086629122000020/0000866291-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000086629122000020/algm-20220616.htm
  HTML page:      https://secwatch.observer/filing/0000866291-22-000020

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