Date of Report (Date of earliest event reported):iMay 5, 2021
iALLEGRO MICROSYSTEMS, INC.
(Exact Name of Registrant
as Specified in its Charter)
_________________
iDelaware
i46-2405937
(State
or other jurisdiction of
incorporation or organization)
(I.R.S. Employer Identification No.)
i955 Perimeter Road
i03103
iManchester,
iNew
Hampshire
(Zip Code)
(Address of principal executive offices)
i(603)i626-2300
(Registrant’s telephone number, including area code)
N/A
(Former
Name or Former Address, if Changed Since Last Report)
_________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
i☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
iCommon Stock, par value $0.01 per share
iALGM
iThe
Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company i☒
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. i☐
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 5, 2021, the Compensation Committee of the Board of Directors of Allegro MicroSystems, Inc. acted to adjust base salary and target bonus as a percentage of base salary of President and Chief Executive Officer Ravi Vig as set forth below. The adjustment to base salary is effective retroactive to April 10, 2021.
Name
Base
Salary
Target Bonus
Ravi Vig, President and Chief Executive Officer
$ 625,000
125.0%
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit
No.
Description
Exhibit 104
Inline XBRL for the cover page of this Current Report on Form 8-K.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.
