Allegro MicroSystems terminates distribution agreement with majority stockholder Sanken, to take over Japan sales

ALLEGRO MICROSYSTEMS, INC.

Transition Agreement ends 2007 Distribution Agreement; Sanken to cease placing new orders immediately.
All existing orders to be transferred to Allegro by June 30, 2023; 12-month transition period.
Sanken to receive commissions on transitioned orders and a one-time payment based on inventory analysis.
Allegro to assume quality support and failure analysis by March 2023; plans to expand Japan sales team.
Sanken holds majority of Allegro common stock; transition approved by Audit Committee.

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