secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001193125-23-277116
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000119312523277116/0001193125-23-277116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000119312523277116/d897472d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-277116

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