Semtech appoints Hong Q. Hou as CEO, replaces Paul H. Pickle terminated without cause

SEMTECH CORP

Paul H. Pickle terminated as President and CEO without cause effective June 6, 2024; Board cites differences on CEO-Board working relationship.
Hong Q. Hou, a current board member and former Brooks Automation Semiconductor Group president, appointed as President and CEO effective June 6.
Hou receives annual base salary of $650,000, sign-on bonus of $350,000, and equity award of $6 million in stock units.
Company reaffirms Q2 fiscal 2025 guidance provided on June 5, 2024, signaling stability.
Board reduces size from 12 to 11 directors; Hou resigns from Compensation Committee.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Paul H. Pickle

President and Chief Executive Officer

SMTC · SEMTECH CORP

Effective: 2024-06-06
Successor: Hong Q. Hou
Filed: June 7, 2024, 7:59 PM ET

On June 6, 2024, the Board of Directors (the “Board”) of Semtech Corporation (“Semtech” or the “Company”) terminated Paul H. Pickle as President and Chief Executive Officer of the Company, without cause.

Appointed

Hong Q. Hou

President and Chief Executive Officer

SMTC · SEMTECH CORP

Effective: 2024-06-06
Filed: June 7, 2024, 7:59 PM ET

Hong Q. Hou, age 60, who has served as director of the Company since July 2023, will serve as President and Chief Executive Officer, effective as of June 6, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul H. Pickle was terminated as President and Chief Executive Officer at SEMTECH CORP.

Action: terminated
Role: President and Chief Executive Officer

Exact text from the filing

On June 6, 2024, the Board of Directors (the “Board”) of Semtech Corporation (“Semtech” or the “Company”) terminated Paul H. Pickle as President and Chief Executive Officer of the Company, without cause.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hong Q. Hou was appointed as President and Chief Executive Officer at SEMTECH CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Hong Q. Hou, age 60, who has served as director of the Company since July 2023, will serve as President and Chief Executive Officer, effective as of June 6, 2024.

View on SEC.gov

SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-156747

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