secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001193125-23-235323
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Semtech EVP & GM Gary Beauchamp departs; consulting, $619K CAD severance
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- Gary Beauchamp separates from Semtech on Sept 15, 2023 as EVP, GM of Signal Integrity Products Group.
- Enters 12-month consulting agreement; receives separation benefits of $619,172 CAD over consulting period.
- Time-based restricted stock units scheduled to vest by Mar 31, 2024 accelerate and vest on separation date.
- Departure Agreement includes a general release of claims by Beauchamp.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000119312523235323/0001193125-23-235323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000119312523235323/d537107d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-235323

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