Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 9, 2023, the Board of Directors of Semtech Corporation, a Delaware
corporation ("Semtech"), appointed Asaf Silberstein, age 53, as Semtech's
Executive Vice President and Chief Operating Officer. In this newly created
role, Mr. Silberstein will lead Semtech's business groups, sales, operations and
information technology. He will report directly to Semtech's President and Chief
Executive Officer, Mohan Maheswaran.
Prior to his appointment, Mr. Silberstein served as Semtech's Executive Vice
President, Worldwide Operations and Information Technology since March 2019.
Mr. Silberstein was Semtech's Senior Vice President, Worldwide Operations and
Information Technology from November 2016 to March 2019. Mr. Silberstein was
promoted to Senior Vice President, Worldwide Operations of Semtech in February
2013. He was appointed as Semtech's Vice President, Worldwide Operations in
March 2011. Prior to that, Mr. Silberstein was Vice President, Operations, a
position he held since he joined Semtech in December 2010. Prior to joining
Semtech, he was employed from 2007 to 2010 at Microsemi Corporation
("Microsemi") as Vice President Global Operations in its Analog Mixed Signal
Division. Prior to Microsemi, he was Vice President Operations from 2000 to 2005
and Chief Operating Officer from 2005 to 2007 at PowerDsine, Israel, when
PowerDsine was acquired by Microsemi. Mr. Silberstein has also previously served
in various positions at 3Com and ECI Telecom.
In connection with his appointment as Executive Vice President and Chief
Operating Officer, the Compensation Committee of Semtech's Board of Directors
increased Mr. Silberstein's rate of base salary to $455,000 annually. There are
no arrangements or understandings between Mr. Silberstein and any other persons
pursuant to which he was appointed as Executive Vice President and Chief
Operating Officer of Semtech. There are no family relationships between
Mr. Silberstein and any of Semtech's directors or other executive officers, and
Mr. Silberstein is not a party to any transaction, or any proposed transaction,
required to be disclosed pursuant to Item 404(a) of regulation S-K.
Item 7.01 Regulation FD Disclosure.
On March 15, 2023, Semtech issued a press release announcing the appointment of
Mr. Silberstein. A copy of the press release is furnished as Exhibit 99.1 to
this Current Report on Form 8-K and incorporated by reference.
The information contained in Item 7.01 of this Current Report on Form 8-K
(including the Exhibit described in this Item 7.01) shall not be deemed "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), or otherwise subject to the liabilities of that
section, nor shall it be, or be deemed, incorporated by reference in any filings
under the Securities Act of 1933, as amended (the "Securities Act"), unless
Semtech specifically states that the information is to be considered "filed"
under the Exchange Act or incorporates it by reference into a filing under the
Securities Act or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
99.1 Press Release of Semtech Corporation issued on March 15, 2023
104 Cover Page Interactive Data File (embedded within the inline XBRL
document).
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