Semtech Corporation
Semtech Corporation Amends Executive Severance Plan and Approves 2017 Plan Amendment
Summary
On June 2, 2026, Semtech Corporation's Board of Directors approved an amendment and restatement of the Executive Severance Plan to provide severance benefits for certain terminations of employment outside a Change in Control. Additionally, at the 2026 Annual Meeting of Stockholders held on June 4, 2026, stockholders approved an amendment and restatement of the Semtech Corporation 2017 Long-Term Equity Incentive Plan, increasing the aggregate number of shares available for award grants by 4,300,000 shares. The meeting also saw the election of nine directors, ratification of the appointment of Deloitte & Touche LLP as the independent registered public accounting firm, and an advisory vote on executive compensation.
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About Semtech Corporation
Semtech Corporation is a leading supplier of high-performance analog and mixed-signal semiconductors dedicated to providing Internet of Things (IoT) solutions. The company's products are essential components in various sectors, including telecommunications, industrial control, automotive, and consumer electronics. Semtech specializes in a diverse product portfolio that includes signal integrity solutions, power management products, and circuit protection components. Moreover, they are renowned for their leadership in advanced IoT connectivity frameworks, particularly through their LoRa technology, which supports low-power, wide-area networks (LPWANs) for IoT applications. This innovation allows for efficient, long-range communication capabilities in smart city infrastructure, agricultural monitoring, and asset management. Headquartered in Camarillo, California, Semtech Corporation plays a pivotal role in the semiconductor industry by enabling smarter, more connected electronic systems. Its global operations contribute significantly to advancements in efficient energy solutions and communication technologies, driving the pace of modernization across numerous industries.
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