Semtech enters separation agreement with ex-SVP Alistair Fulton; $729K severance

SEMTECH CORP

Alistair W. Fulton terminated as SVP & GM, Wireless and Sensing Products Group, effective Sept 8, 2022.
Cash severance of $729,000 payable in two installments: $364,500 after revocation lapse and $364,500 after March 8, 2023.
COBRA premium reimbursement for up to 12 months following separation date.
Vested and unexercised options for 2,500 shares remain exercisable for a limited post-termination period.
Includes general release of claims, non-disparagement, and reaffirmation of confidentiality obligations.

item 5.02 item 9.01

Executive movements

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Departed

Alistair W. Fulton

Senior Vice President and General Manager, Wireless and Sensing Products Group

SMTC · SEMTECH CORP

Effective: 2022-09-08
Filed: September 30, 2022, 7:59 PM ET

As previously reported by Semtech Corporation (the “Company”) on a Current Report on Form 8-K filed on September 14, 2022, on September 8, 2022 the Company terminated the employment of Alistair W. Fulton.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Alistair W. Fulton was terminated as Senior Vice President and General Manager, Wireless and Sensing Products Group at SEMTECH CORP.

Action: terminated
Role: Senior Vice President and General Manager, Wireless and Sensing Products Group

Exact text from the filing

As previously reported by Semtech Corporation (the “Company”) on a Current Report on Form 8-K filed on September 14, 2022, on September 8, 2022 the Company terminated the employment of Alistair W. Fulton.

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SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0001193125-22-255493

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