Semtech CFO Emeka Chukwu to depart Nov 10; severance includes $430k cash, RSU vesting through Mar 2025

SEMTECH CORP

Emeka Chukwu's employment ends November 10, 2023; Mark Lin began as CFO on October 2, 2023.
Severance includes $430,000 cash payment, 12 months COBRA coverage, and continued RSU vesting through March 31, 2025.
Continued RSU vesting requires Chukwu to sign a separation agreement with a consulting period through March 31, 2025 (no additional compensation) and a general release of claims.
Chukwu's RSUs that are time/service-based (not performance-based) and scheduled to vest on or before March 31, 2025 will continue to vest.
The severance was approved by the Compensation Committee on November 9, 2023.

item 5.02

Executive movements

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Departed

Emeka Chukwu

Executive Vice President and Chief Financial Officer

SMTC · SEMTECH CORP

Effective: 2023-10-02
Successor: Mark Lin
Filed: November 14, 2023, 6:59 PM ET

Emeka Chukwu, the Company’s former Executive Vice President and Chief Financial Officer, ceased serving as the Company’s Executive Vice President and Chief Financial Officer on the Transition Date.

Appointed

Mark Lin

Executive Vice President and Chief Financial Officer

SMTC · SEMTECH CORP

Effective: 2023-10-02
Filed: November 14, 2023, 6:59 PM ET

Semtech appointed Mark Lin to serve as the Company’s Executive Vice President and Chief Financial Officer effective October 2, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: ceased serving
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Emeka Chukwu, the Company’s former Executive Vice President and Chief Financial Officer, ceased serving as the Company’s Executive Vice President and Chief Financial Officer on the Transition Date.

View on SEC.gov

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

Semtech appointed Mark Lin to serve as the Company’s Executive Vice President and Chief Financial Officer effective October 2, 2023

View on SEC.gov

SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-277116

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