secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001193125-22-255493
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000119312522255493/0001193125-22-255493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000119312522255493/d378976d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-255493

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