8-K
filed June 9, 2023, 7:59 PM ET
ticker SMTC
CIK 0000088941
leadership
confidence high
sentiment neutral
materiality 0.60
Semtech sets CEO transition to June 30; COO Silberstein gets retention deal
SEMTECH CORP
- CEO Paul Pickle to assume role June 30; retiring CEO Maheswaran effective June 29.
- COO Asaf Silberstein retention agreement: 1x salary, bonus, COBRA, equity vesting through Dec 2024.
- Annual meeting: all 10 director nominees elected; Deloitte ratified; advisory say-on-pay and 1-year frequency approved.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul H. Pickle was appointed as President and Chief Executive Officer at SEMTECH CORP.
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
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, to be mutually agreed between Mr. Pickle and the Chair of the Board (with Mr. Pickle’s first day of employment in such capacity, the “Transition Date”). On June 7, 2023, Mr. Pickle and the Chair of the Board agreed that the Transition Date will be June 30, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mohan Maheswaran retired as President and Chief Executive Officer at SEMTECH CORP.
- Action
- retired
- Role
- President and Chief Executive Officer
Exact text from the filing
Mohan Maheswaran’s retirement as the Company’s President and Chief Executive Officer, and as a member of the Board, will be effective June 29, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SEMTECH CORP shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-06-08 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-06-08
Exact text from the filing
Proposal Number 2 Ratification of Appointment of Independent Registered Public Accounting Firm Votes For Votes Against Votes Abstained Broker Non-Votes 48,087,041 699,638 91,312 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SEMTECH CORP shareholders approved Advisory (Non-Binding) Vote on Frequency of Executive Compensation Votes at the 2023-06-08 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-06-08
Exact text from the filing
Proposal Number 4 Advisory (Non-Binding) Vote on Frequency of Executive Compensation Votes 1 Year 2 Years 3 Years Abstain 41,069,945 10,786 1,682,564 118,579
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SEMTECH CORP shareholders approved Advisory (Non-Binding) Vote on Executive Compensation at the 2023-06-08 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-06-08
Exact text from the filing
Proposal Number 3 Advisory (Non-Binding) Vote on Executive Compensation Votes For Votes Against Votes Abstained Broker Non-Votes 41,354,074 1,407,473 120,327 5,996,116
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
SEMTECH CORP shareholders approved Election of Directors at the 2023-06-08 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-06-08
Exact text from the filing
Proposal Number 1 Election of Directors Name Votes For Votes Withheld Broker Non-Votes Martin S.J. Burvill 42,055,800 826,075 5,996,116 Rodolpho C. Cardenuto 42,084,282 797,593 5,996,116 Gregory M. Fischer 42,425,080 456,795 5,996,116 Saar Gillai 42,034,546 847,329 5,996,116 Rockell N. Hankin 40,294,556 2,587,319 5,996,116 Ye Jane Li 41,924,577 957,298 5,996,116 Paula LuPriore 42,124,799 757,076 5,996,116 Mohan R. Maheswaran 42,228,100 653,775 5,996,116 Sylvia Summers 41,853,993 1,027,882 5,996,116 Paul V. Walsh Jr. 42,419,186 462,689 5,996,116
View on SEC.gov
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