Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elizabeth Howe was appointed as Executive Vice President and Chief Financial Officer at SITIME Corp.
- Action
- appointed
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
On November 1, 2023, the Company announced that Elizabeth Howe, 53, will join the Company and become Executive Vice President and Chief Financial Officer on November 8, 2023.
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Arthur Chadwick resigned as Executive Vice President and Chief Financial Officer at SITIME Corp.
- Action
- resigned
- Role
- Executive Vice President and Chief Financial Officer
Exact text from the filing
On October 30, 2023, Arthur Chadwick, Executive Vice President and Chief Financial Officer of the Company, notified us of his decision to retire and resign from all of his officer positions with the Company and all of its subsidiaries, effective November 7, 2023
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SITIME Corp entered into Master Framework Agreement with Ningbo Aura Semiconductor Co., Ltd., Aura Semiconductor Pvt. Ltd., Shaoxing Yuanfang Semiconductor Co Ltd., Aura Semiconductor Limited, and Aim Core Holdings Limited valued at approximately $148 million in cash (effective 2023-10-30).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Ningbo Aura Semiconductor Co., Ltd., Aura Semiconductor Pvt. Ltd., Shaoxing Yuanfang Semiconductor Co Ltd., Aura Semiconductor Limited, and Aim Core Holdings Limited
- Value
- approximately $148 million in cash
- Effective
- 2023-10-30
Exact text from the filing
On October 30, 2023, SiTime Corporation (the “Company”) entered into a Master Framework Agreement (the “Master Framework Agreement”) with Ningbo Aura Semiconductor Co., Ltd., a limited liability company incorporated under the laws of People’s Republic of China, Aura Semiconductor Pvt. Ltd., a company incorporated under the laws of India, Shaoxing Yuanfang Semiconductor Co Ltd., a limited liability company incorporated under the laws of People’s Republic of China (“PRC”), Aura Semiconductor Limited, a limited company incorporated and existing under the laws of Hong Kong, and Aim Core Holdings Limited, a company organized and existing under the laws of British Virgin Islands (each an “Aura Entity” and collectively, the “Aura Entities”), pursuant to which the Company agreed to purchase certain assets of the Aura Entities and license certain intellectual property of the Aura Entities relating to the timing products of the Aura Entities.
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