secwatch.observer — SEC 8-K summary
======================================

Issuer:     CIRRUS LOGIC, INC. (CRUS)
CIK:        0000772406
Form:       8-K
Filed at:   2021-11-23T23:59:59+00:00
Accession:  0001157523-21-001445
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cirrus Logic Chief Culture Officer Jo-Dee M. Benson resigns, enters six-month consulting transition
--------------------------------------------------------------------------------

- Resignation as VP and Chief Culture Officer effective November 22, 2021; will serve as independent contractor for six months.
- Consulting fees of $197,500 paid in six monthly installments of $32,916.67 through May 20, 2022.
- Equity awards continue to vest during the Transition Period under existing award agreements.
- Company will pay COBRA health/dental premiums for the Transition Period; eligible for semiannual bonus.
- Executive signed release of claims and reaffirmed confidentiality and non-disparagement obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/772406/000115752321001445/0001157523-21-001445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/772406/000115752321001445/a52537870.htm
  HTML page:      https://secwatch.observer/filing/0001157523-21-001445

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