secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001193125-23-231568
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000119312523231568/0001193125-23-231568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000119312523231568/d485280d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-231568

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