secwatch.observer — SEC 8-K summary
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Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0000950170-24-024818
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegro board reshuffles as six directors resign and are re-appointed after OEP stake falls below 5%
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- Six directors (Aldrich, Dunn, Lynch, Martin, Puma, Schorr) resigned March 4 as OEP's ownership fell below 5% of ALGM shares.
- All six were immediately re-appointed to the same classes (I, II, III) and board committees with minor role changes.
- Joseph Martin added to Nominating and Governance Committee; Mary Puma appointed Chair of R&D and Strategy Committee.
- Board determined Aldrich, Lynch, and Martin are independent and audit committee financial experts.
- Unvested RSUs held by re-appointed directors were not forfeited and continue to vest at next annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000095017024024818/0000950170-24-024818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000095017024024818/algm-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-024818

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