Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) March 2, 2010

 

 

Semtech Corporation

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware

(State or Other Jurisdiction of Incorporation)

 

1-6395   95-2119684
(Commission File Number)   (IRS Employer Identification No.)

200 Flynn Road

Camarillo, California

   93012-8790
(Address of Principal Executive Offices)   (Zip Code)

805-498-2111

(Registrant’s Telephone Number, Including Area Code)

 

(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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On March 2, 2010, Mr. James T. Schraith informed the Board of Directors of Semtech Corporation (the “Company”) of his decision to not seek re-election to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders to be held June 24, 2010, and to retire from the Board after 15 years of service effective as of the date of the Annual Meeting, when his current term as a director expires.

(e) At a meeting on March 2, 2010, the Compensation Committee of the Board of Directors of Semtech Corporation approved an increase in the annual base salary of Chief Executive Officer Mohan Maheswaran. His base salary was increased from $410,050 to $450,000. The increase in Mr. Maheswaran’s base salary is effective March 2, 2010.

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: March 8, 2010   SEMTECH CORPORATION
  By:  

/s/    EMEKA CHUKWU        

    Emeka Chukwu
    Chief Financial Officer

 

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