Semtech expands executive severance plan, adds 4.3M shares to equity incentive program

Filed June 8, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• medium

  Board approved expanded severance plan covering non-change-in-control terminations, providing executives 1x salary plus prorated bonus and 12 months COBRA if terminated without cause or they resign for good reason.

  Item 5.02 verify on EDGAR →
• medium

  Shareholders approved adding 4.3 million shares to 2017 equity plan, representing ~4.6% dilution to existing holders but enabling continued employee stock compensation.

  Item 5.07 verify on EDGAR →
• low

  All nine director nominees elected with 99%+ support, auditor ratified, and say-on-pay vote passed with 97.6% approval, indicating strong shareholder alignment with management.

  Item 5.07 verify on EDGAR →