8-K
filed March 24, 2025, 7:59 PM ET
ticker CRDO
CIK 0001807794
leadership
confidence high
sentiment neutral
materiality 0.40
Credo Technology board reshuffle: Zinsner resigns, Tan steps down as chairman, Danesh elected
Credo Technology Group Holding Ltd
- David Zinsner resigned from board effective March 19, 2025; no disagreement with company.
- Lip-Bu Tan stepped down as chairman but remains board member; William Brennan appointed chairman.
- Fariba Danesh, COO of PsiQuantum, elected as Class II director; also joins Audit and Nominating committees.
- Sylvia Acevedo appointed lead independent director; Brennan receives no additional compensation for chairman role.
- Danesh qualifies as independent under Nasdaq rules; board determined no transactions requiring disclosure.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Zinsner resigned as Director at Credo Technology Group Holding Ltd.
- Action
- resigned
- Role
- Director
Exact text from the filing
On March 19, 2025, David Zinsner, a member of the board of directors (the "Board") of Credo Technology Group Holding Ltd (the "Company"), resigned from the Board, effective March 19, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William J. Brennan was appointed as Chairman of the Board at Credo Technology Group Holding Ltd.
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
the Board has appointed William J. Brennan, Chief Executive Officer and President of the Company and a member of the Board, to replace Mr. Tan as chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sylvia Acevedo was appointed as Lead Independent Director at Credo Technology Group Holding Ltd.
- Action
- appointed
- Role
- Lead Independent Director
Exact text from the filing
the Board has also appointed Sylvia Acevedo, an independent member of the Board, as lead independent director, effective March 20, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Lip-Bu Tan changed role as Director at Credo Technology Group Holding Ltd.
- Action
- stepped down as chairman
- Role
- Director
Exact text from the filing
Further, Lip-Bu Tan, a member of the Board who was recently appointed as the chief executive officer of Intel Corporation, has stepped down as chairman of the Board and each applicable committee thereof, but will remain a member of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Fariba Danesh was elected as Class II Director at Credo Technology Group Holding Ltd.
- Action
- elected
- Role
- Class II Director
Exact text from the filing
the Board elected Fariba Danesh to fill the vacancy as a Class II director
View on SEC.gov
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