Allegro to repurchase 38.8M shares from Sanken at offering price; prelim Q1 GAAP net loss $17.7M

ALLEGRO MICROSYSTEMS, INC.

Repurchases 38,767,315 shares from Sanken at the equity offering price; Sanken's stake to fall to ~33.2% (or 32.5% if underwriter option exercised).
Preliminary Q1 net sales $167M ±$1M; GAAP net loss $17.7M ±$1M; GAAP diluted EPS $(0.10)-(0.09).
Non-GAAP net income $6M ±$1M, diluted EPS $0.02-$0.03; adjusted EBITDA $22M ±$1M.
Director Koji Hatano resigns effective first closing of the repurchase.
Credit agreement to be amended to add incremental term loans and increase revolving commitments by $32M.

item 1.01 item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Kojiro (Koji) Hatano

Director

ALGM · ALLEGRO MICROSYSTEMS, INC.

Filed: July 23, 2024, 7:59 PM ET

On July 23, 2024, Kojiro (Koji) Hatano notified our Board of his decision to resign from the Board, effective as of the First Closing of the share repurchase.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Kojiro (Koji) Hatano resigned as Director at ALLEGRO MICROSYSTEMS, INC..

Action: resigned
Role: Director

Exact text from the filing

On July 23, 2024, Kojiro (Koji) Hatano notified our Board of his decision to resign from the Board, effective as of the First Closing of the share repurchase.

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ALLEGRO MICROSYSTEMS, INC. filing history →

Source: SEC EDGAR

accession 0000950103-24-010519

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