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Two Allegro directors not standing for reelection; Robert Willett appointed to board
Susan D. Lynch and Richard R. Lury will not stand for reelection; terms end before Aug 5, 2026 annual meeting.
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Allegro Q4 sales up 26% YoY to $243M; non-GAAP EPS triples to $0.17
Full-year FY2026 sales $890M (+23% YoY); non-GAAP EPS $0.54, more than doubled.
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Allegro MicroSystems Q3 sales $229M (+29% YoY), non-GAAP EPS $0.15, beats guidance
Q3 sales $229M, up 29% YoY and 7% QoQ, above high end of guidance.
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Allegro MicroSystems enters $285M term loan refinancing maturing 2030
New $285M Refinanced Loans mature Oct 31, 2030; amortization at 0.00% per annum.
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Allegro MicroSystems allocates $285M term loan facility to refinance existing debt
Allocated $285M first lien term facility maturing October 2030 to refinance existing term loans.
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Allegro MicroSystems Q2 FY2026 sales $214M, +14% YoY; non-GAAP EPS $0.13, +60%
Net sales $214.3M, up 14% YoY; Automotive $155.8M (+12% YoY), Industrial & Other $58.4M (+23% YoY).
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Allegro MicroSystems shareholders elect directors, ratify auditor, approve advisory say-on-pay at 2025 annual meeting
Shareholders elected all three director nominees: Doogue (176.3M for), Kawashima (156.8M), Suzuki (151.5M); all with broker non-votes of 4.1M.
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Allegro Q1 sales $203M (+22% YoY); non-GAAP EPS $0.09, FCF $51M
Net sales $203.4M, up 22% YoY; Automotive $144.3M (+13%), Industrial & Other $59.1M (+50%).
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Allegro MicroSystems Q4 sales $193M down 20% YoY, GAAP EPS -$0.08; non-GAAP EPS $0.06
Q4 net sales $192.8M, up 8% QoQ but down 20% YoY; auto $140.9M, industrial $51.9M.
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Allegro MicroSystems SVP Worldwide Sales Max Glover transitions to strategic advisor
Max Glover steps down as SVP Worldwide Sales effective March 28, 2025.
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Allegro MicroSystems appoints Mike Doogue as President and CEO; Nargolwala steps down
Mike Doogue appointed President and CEO effective Feb 23, 2025, succeeding Vineet Nargolwala.
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Allegro MicroSystems enters into $375M term loan facility maturing 2030
Third Amendment to Credit Agreement provides $375M Refinanced Loans maturing October 31, 2030.
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Allegro MicroSystems appoints Krishna G. Palepu to Board as independent director
Krishna G. Palepu, Harvard Business School professor, elected to Board as Class II Director effective Jan 31, 2025.
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Allegro Q3 revenue $178M, non-GAAP EPS $0.07; sales down 30% YoY
Net sales $177.9M, down 30% YoY from $255.0M; automotive $130.1M vs $194.8M
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Allegro MicroSystems completes $375M term loan refinancing due 2030
$375M first lien term facility allocated; matures October 2030.
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Allegro MicroSystems launches $375M term loan refinancing facility
Launched process to refinance existing term loans with new $375M first lien term facility.
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Allegro MicroSystems board chair David Aldrich resigns effective Dec 23
David J. Aldrich stepped down from the Board, Chairperson role, and two committees on December 23, 2024.
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Allegro MicroSystems Q2 FY2025 sales $187M, up 12% QoQ; GAAP EPS -$0.18
Net sales $187.4M, up 12% sequentially from $166.9M; down 32% YoY from $275.5M.
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Allegro completes Polar Semiconductor recapitalization, retains ~10.2% stake
Allegro contributed Polar equity and discharged ~$6.6M debt for ~10.2% ownership in Polar Parent.
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Allegro MicroSystems shareholders elect all four Class I director nominees, ratify PwC, approve exec comp
Elected Katsumi Kawashima, Joseph R. Martin, Vineet Nargolwala and Mary G. Puma as Class I directors until 2027.
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Allegro MicroSystems enters $400M term loan facility, repurchases 10M shares from Sanken
$400M term loan tranche maturing 2030, amortizing at 1% per annum, bearing interest at Term SOFR+2.25% or base rate+1.25%.
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Allegro MicroSystems Q1 sales $167M, GAAP EPS -$0.09; $50M debt repayment; 39M share buyback
Net sales $167M, down 40% YoY from $278M; automotive $131M, industrial $36M.
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Allegro MicroSystems sells 28.75M shares at $23.16 per share in underwritten offering
Offering comprised 25M firm shares plus 3.75M option shares; option exercised in full prior to July 26 close.
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Allegro to repurchase 38.8M shares from Sanken at offering price; prelim Q1 GAAP net loss $17.7M
Repurchases 38,767,315 shares from Sanken at the equity offering price; Sanken's stake to fall to ~33.2% (or 32.5% if underwriter option exercised).
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Allegro MicroSystems reports record FY2024 sales of $1.05B, Q4 GAAP EPS loss of $0.04
FY2024 net sales $1.05B (+8% YoY); record non-GAAP EPS of $1.35.
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Allegro MicroSystems to cut Polar stake to ~10.2% via $175M capital raise
PS Investment Aggregator and affiliate to contribute $175M to Polar for equity interests.
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Director Dunn resigns as OEP stake falls below 5%; Raubacher elected to Board
Andrew Dunn resigned from Board effective April 1, 2024, due to OEP ownership dropping below 5% of ALGM common stock.
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Allegro board reshuffles as six directors resign and are re-appointed after OEP stake falls below 5%
Six directors (Aldrich, Dunn, Lynch, Martin, Puma, Schorr) resigned March 4 as OEP's ownership fell below 5% of ALGM shares.
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Allegro MicroSystems Q3 net sales $255M (+2% YoY); Automotive up 18%; Non-GAAP EPS $0.32 beats guidance
Net sales $255M (+2% YoY); Automotive sales $194.8M (+18% YoY).
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Allegro Q2 net sales $276M (+16% YoY); auto up 31%, e-mobility milestone
Net sales $276M, +16% YoY; GAAP diluted EPS $0.34, +31% YoY.
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Allegro MicroSystems closes $420M acquisition of Crocus Technology, funds with $250M term loan
Completed acquisition of Crocus Technology for $420M in cash, combining TMR sensor portfolios.
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Allegro MicroSystems board member Reza Kazerounian retires; Mary Puma appointed
Reza Kazerounian retired from board and R&D committee effective Oct 15, 2023; no disagreement with company.
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Allegro MicroSystems allocates $250M incremental term loan to refinance debt and fund merger
$250M incremental term loan maturing 2030; amortizes at 1% per annum.
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Allegro MicroSystems to acquire Crocus Technology for $420M cash to boost TMR sensing
Purchase price: $420 million in cash; funded from existing cash and new debt issuance.
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Allegro MicroSystems shareholders elect directors, ratify auditor, approve executive compensation at annual meeting
All three Class III director nominees elected: Dunn, Lury, Lynch. Lury received 23.6% withheld votes.
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Allegro Q1 record sales $278M (+28% YoY); GAAP EPS $0.31 (+520% YoY)
Net sales record $278.3M, up 28% YoY; trailing twelve-month sales exceed $1B.
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Allegro MicroSystems enters $224M secured revolving credit facility maturing 2028
New $224M secured revolving credit facility with Morgan Stanley as agent; includes $20M letter of credit subfacility.
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Allegro MicroSystems Q4 sales $269M (+35% YoY); FY sales $974M (+27%)
Q4 sales $269M (+35% YoY); GAAP EPS $0.32 (+138% YoY); non-GAAP EPS $0.37 (+>75%).