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Get filing alertsAllegro MicroSystems adds Robert Willett to board as two directors exit ahead of annual meeting
Filed May 13, 2026 · Period ending May 11, 2026 · ~1 min read
Key Changes
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Two Class III directors, Susan Lynch and Richard Lury, will not stand for reelection at the August 5, 2026 annual meeting. The company states neither departure stems from disagreement with management or company operations.
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Board expanded from nine to ten seats and elected Robert Willett as Class III director effective May 13, 2026. Willett will serve until the August annual meeting and joins both the Audit and Compensation committees.
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Willett meets Nasdaq independence standards and qualifies as an audit committee financial expert under SEC rules. The board determined he satisfies enhanced independence requirements for both audit and compensation committee service.
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The board actions were taken pursuant to a stockholders agreement with Sanken Electric Co., Ltd., dated July 29, 2024, following recommendation by the Nominating and Governance Committee.
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Summary
Allegro MicroSystems is refreshing its board ahead of its August 2026 annual meeting. Two longtime Class III directors—Susan Lynch and Richard Lury—notified the company they will not seek reelection, with their terms ending immediately before the shareholder vote.
The company emphasized that neither departure resulted from any disagreement with management, a standard disclosure meant to reassure investors the exits are amicable. To fill the gap, the board expanded to ten seats and immediately appointed Robert Willett, who brings audit committee financial expertise and meets all enhanced independence standards for both audit and compensation committee roles.
Notably, Willett's appointment was made under a stockholders agreement with Sanken Electric, the company's strategic partner, suggesting this may be part of a planned governance evolution rather than a reactive move. Retail investors should watch the proxy statement for the August annual meeting to see who else is nominated and whether the board size remains at ten or contracts back to nine after the departures. The quality and independence of Willett's replacement (if any) will signal whether this is routine refreshment or a shift in board composition driven by Sanken's influence.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Allegro Microsystems announced the election of Mr. Willett to the Board of Directors via press release.
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Added in current filing · verify on EDGAR →
A copy of the Company’s press release announcing the election of Mr. Willett to the Board is attached hereto as Exhibit 99.1.
The company disclosed the election of Mr. Willett to the Board of Directors through a press release. This is a routine governance event furnished under Regulation FD, meaning it is being publicly disclosed but not formally filed with the SEC.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 25, 2026 · How we verify