Semtech appoints Mark Lin as CFO; base salary $420k, $1.9M equity; CLO Ammann to separate Sep 25

SEMTECH CORP

Mark Lin appointed EVP and CFO, effective no later than Oct 4, 2023, succeeding Emeka Chukwu.
Lin receives annual base salary of $420,000, target bonus 75% of base, and $1.9M stock unit award (50% RSUs, 50% PSUs).
Lin gets $200,000 signing bonus (vests over 2 years) and severance terms including 1x salary (2x in change of control).
Charles Ammann, EVP, Chief Legal Officer, to separate Sep 25; severance $410k cash, COBRA 12 months, RSU vesting through Mar 2025.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Mark Lin

Executive Vice President and Chief Financial Officer

SMTC · SEMTECH CORP

Effective: 2023-10-04
Filed: September 8, 2023, 7:59 PM ET

appointed Mark Lin to serve as the Company’s Executive Vice President and Chief Financial Officer effective as of a date, not later than October 4, 2023

Departed

Emeka Chukwu

Executive Vice President and Chief Financial Officer

SMTC · SEMTECH CORP

Effective: 2023-10-04
Successor: Mark Lin
Filed: September 8, 2023, 7:59 PM ET

Emeka Chukwu, the Company’s current Executive Vice President and Chief Financial Officer, will continue to serve as Semtech’s Executive Vice President and Chief Financial Officer until the Transition Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Lin was appointed as Executive Vice President and Chief Financial Officer at SEMTECH CORP.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

appointed Mark Lin to serve as the Company’s Executive Vice President and Chief Financial Officer effective as of a date, not later than October 4, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.8

Emeka Chukwu departed as Executive Vice President and Chief Financial Officer at SEMTECH CORP.

Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Emeka Chukwu, the Company’s current Executive Vice President and Chief Financial Officer, will continue to serve as Semtech’s Executive Vice President and Chief Financial Officer until the Transition Date.

View on SEC.gov

SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-231568

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