---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-156620"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2023-05-30T23:59:59+00:00"
generated_at: "2026-06-14T12:18:16.838438+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Semtech appoints Paul H. Pickle as President & CEO effective June 2023

## Summary
- Pickle to become President & CEO between June 9-30, 2023, succeeding Mohan Maheswaran who will serve as consultant up to 16 months.
- Pickle previously CEO of Lantronix (revenue grew ~3x, market cap doubled); also former President/COO at Microsemi.
- Compensation: $650k base salary, annual bonus target 100% (max 200%) of salary, and $5M equity grant (half RSUs, half PSUs).
- Maheswaran's retirement effective day before transition; he also retires from board on that date.
- Pickle appointed to board effective on transition date, filling seat vacated by Maheswaran.

## SEC filing metadata
- accession: 0001193125-23-156620
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2023-05-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000119312523156620/0001193125-23-156620-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000119312523156620/d406852d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-156620
- JSON: https://secwatch.observer/filing/0001193125-23-156620.json
- Plain text: https://secwatch.observer/filing/0001193125-23-156620.txt

## Key facts
- Executive change
  Mohan Maheswaran departed as Director at SEMTECH CORP.
  - Action: retire
  - Role: Director
  source text: he will also retire as a member of the Company’s Board of Directors
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000119312523156620/0001193125-23-156620-index.htm
- Executive change
  Paul H. Pickle was appointed as Director at SEMTECH CORP.
  - Action: appointed
  - Role: Director
  source text: the Board also appointed Mr. Pickle as a member of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000119312523156620/0001193125-23-156620-index.htm
- Executive change
  Paul H. Pickle was appointed as President and Chief Executive Officer at SEMTECH CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the Board appointed Paul H. Pickle to serve as the Company’s President and Chief Executive Officer effective as of a date, after June 8, 2023 and not later than June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000119312523156620/0001193125-23-156620-index.htm
- Executive change
  Mohan Maheswaran departed as President and Chief Executive Officer at SEMTECH CORP.
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: Mohan Maheswaran intends to retire from his role as the Company’s President and Chief Executive Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000119312523156620/0001193125-23-156620-index.htm

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