secwatch.observer — SEC 8-K summary
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Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2025-02-24T23:59:59+00:00
Accession:  0000950103-25-002318
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegro MicroSystems appoints Mike Doogue as President and CEO; Nargolwala steps down
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- Mike Doogue appointed President and CEO effective Feb 23, 2025, succeeding Vineet Nargolwala.
- Doogue, a 27-year company veteran, previously EVP and CTO; holds 75 US patents.
- New employment agreement provides annual base salary of $700K and target bonus of 125%.
- Doogue eligible for equity award in 2025 with target grant-date fair value of $6M.
- Nargolwala steps down and receives severance per his original Employment Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000095010325002318/0000950103-25-002318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000095010325002318/dp225234_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-002318

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