home · filing · 0001193125-22-145107
8-K filed May 9, 2022, 7:59 PM ET
ticker ALGM
CIK 0000866291
leadership
confidence high
sentiment positive
materiality 0.85
Allegro posts record Q4 revenue $200.3M; CEO Ravi Vig retiring, replaced by Vineet Nargolwala
ALLEGRO MICROSYSTEMS, INC.
Q4 net sales $200.3M (+14% YoY); FY net sales $768.7M (+30% YoY).
Q4 GAAP EPS $0.13, non-GAAP EPS $0.21; FY GAAP EPS $0.62, non-GAAP $0.78.
Automotive FY revenue $531.6M (+34% YoY); industrial $133.2M (+40% YoY).
Q1 FY2023 guidance: revenue $205-210M, non-GAAP gross margin 54-55%, non-GAAP EPS $0.22-0.23.
CEO Ravi Vig retires effective June 13; succeeded by Vineet Nargolwala (ex-Sensata EVP Sensing Solutions).
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2022-06-13
Successor Vineet Nargolwala
Filed May 9, 2022, 7:59 PM ET
Mr. Vig provided notice of his retirement from the Board of Directors (the “Board”) of the Company, effective on the Retirement Date.
Effective 2022-06-13
Filed May 9, 2022, 7:59 PM ET
the Board elected, effective on the Effective Date, Mr. Nargolwala as a Class I director of the Board
Effective 2022-06-13
Successor Vineet Nargolwala
Filed May 9, 2022, 7:59 PM ET
Ravi Vig is retiring from his position as President and Chief Executive Officer of the Company, effective June 13, 2022
Effective 2022-06-13
Filed May 9, 2022, 7:59 PM ET
the Board appointed Vineet Nargolwala to serve as President and Chief Executive Officer of the Company, effective June 13, 2022
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ravi Vig retired as Director at ALLEGRO MICROSYSTEMS, INC..
Action retired
Role Director
Exact text from the filing
Mr. Vig provided notice of his retirement from the Board of Directors (the “Board”) of the Company, effective on the Retirement Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vineet Nargolwala was elected as Class I Director at ALLEGRO MICROSYSTEMS, INC..
Action elected
Role Class I Director
Exact text from the filing
the Board elected, effective on the Effective Date, Mr. Nargolwala as a Class I director of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ravi Vig departed as President and Chief Executive Officer at ALLEGRO MICROSYSTEMS, INC..
Action retiring
Role President and Chief Executive Officer
Exact text from the filing
Ravi Vig is retiring from his position as President and Chief Executive Officer of the Company, effective June 13, 2022
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vineet Nargolwala was appointed as President and Chief Executive Officer at ALLEGRO MICROSYSTEMS, INC..
Action appointed
Role President and Chief Executive Officer
Exact text from the filing
the Board appointed Vineet Nargolwala to serve as President and Chief Executive Officer of the Company, effective June 13, 2022
View on SEC.gov
Source: SEC EDGAR
accession 0001193125-22-145107
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