---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-074463"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:23:09.804280+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Semtech enters cooperation agreement with Lion Point; two new independent directors to join within 30 days

## Summary
- Lion Point, ~4% stockholder, will select two independent directors; Board expands from 10 to 12.
- Two additional independent directors will be sought; Board slate for 2023 annual meeting includes new and eight current directors.
- Investor Directors will serve on Nominating and Corporate Governance Committee and a CEO search committee.
- Lion Point agrees to standstill, voting and support for Board nominees until before 2024 annual meeting deadline.

## SEC filing metadata
- accession: 0001193125-23-074463
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000119312523074463/0001193125-23-074463-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000119312523074463/d447283d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-074463
- JSON: https://secwatch.observer/filing/0001193125-23-074463.json
- Plain text: https://secwatch.observer/filing/0001193125-23-074463.txt

## Key facts
- Material Agreements
  SEMTECH CORP entered into Cooperation Agreement with Lion Point Capital, LP valued at Board composition, standstill, voting and other obligations (effective 2023-03-17).
  - Action: entry
  - Counterparty: Lion Point Capital, LP
  - Value: Board composition, standstill, voting and other obligations
  - Effective: 2023-03-17
  source text: On March 17, 2023, Semtech Corporation (the “ Company ”) entered into a cooperation agreement (the “ Agreement ”) with Lion Point Capital, LP and certain of its affiliates (“ Lion Point ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000119312523074463/0001193125-23-074463-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.