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)
November 1, 2019
Lattice Semiconductor Corporation
(Exact name of registrant as specified in its charter)
Delaware | 000-18032 | 93-0835214 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
5555 NE Moore Court
Hillsboro, Oregon 97124
(Address of principal executive offices, including zip code)
(503) 268-8000
(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 (see General Instruction A.2. below):
[ ] 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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock, $.01 par value | LSCC | 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 [ ]
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. [ ]
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 1, 2019, the Board of Directors (the "Board") of Lattice Semiconductor Corporation (the "Company") acted to enlarge the Board of Directors from nine to ten members and appointed Anjali Joshi, age 59, to the Board effective November 1, 2019. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Ms. Joshi also will serve as a member of the Compensation Committee.
In connection with Ms. Joshi’s service as a director, she will be entitled to the Company's customary compensatory arrangement for outside directors, including an annual retainer of $45,000 for Board service and an annual retainer of $10,000 for service on the Compensation Committee. In addition, on the effective date of appointment, Ms. Joshi was granted restricted stock units valued at $75,000, pursuant to the terms of the Company's 2011 Non Employee Director Equity Incentive Plan, with the restricted stock units vesting on the annual meeting of stockholders of the Company, subject to her continued service to the Company.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being furnished herewith:
Exhibit No. | Description | |
99.1 | ||
2
SIGNATURES
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.
LATTICE SEMICONDUCTOR CORPORATION | |||
By: | /s/ Byron W. Milstead | ||
Date: | November 5, 2019 | Byron W. Milstead Corporate Vice President, General Counsel and Corporate Secretary | |
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | ||
3
Exhibit 99.1
CONTACTS | |
MEDIA CONTACT: | INVESTOR CONTACT: |
Bob Nelson | Rick Muscha |
Lattice Semiconductor Corporation | Lattice Semiconductor Corporation |
408-826-6339 | 408-826-6000 |
Bob.Nelson@latticesemi.com | Rick.Muscha@latticesemi.com |
Lattice Semiconductor Announces Appointment
of Anjali Joshi to Board of Directors
HILLSBORO, OR - November 5, 2019 - Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced that its Board of Directors has appointed Anjali Joshi to the Company's Board of Directors and Compensation Committee. Ms. Joshi brings to the Board more than 30 years' experience in high-technology engineering and product management.
Ms. Joshi currently serves on the Boards of McClatchy and MobileIron, and is an advisor to ClassKlap, Clinikk Healthcare, and Next Force Technology. Prior, she was at Google for 12 years, most recently as VP Product Management leading product development for multiple search products. Earlier at Google, she led product management for multiple core business areas.
Before joining Google, Ms. Joshi was EVP of Engineering at Covad Communications, a voice and data communications company that she helped grow from a start-up to a public company. She started her career at AT&T Bell Laboratories where she was a member of the technical staff focused on voice and high-speed communications.
Ms. Joshi earned a Master’s degree in Management Science from Stanford University, a Master’s degree in Computer Science from the University at Buffalo, and a Bachelor’s degree in Electrical Engineering from the India Institute of Technology, Kanpur.
Jeff Richardson, Lattice's Chairman of the Board, commented, "We are very pleased to have Anjali join our Board of Directors. She supplements our existing skills with broad industry experience covering many of Lattice’s key markets: from telecom to consumer. Her expertise in product management and scaling new technologies will be valuable as the Company drives a faster cadence of introducing new and differentiated products.”
About Lattice Semiconductor
Lattice Semiconductor (NASDAQ: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing communications, computing, industrial, automotive and consumer markets. Our technology, long-standing relationships, and commitment to world-class support lets our customers quickly and easily unleash their innovation to create a smart, secure and connected world.
For more information about Lattice, please visit www.latticesemi.com. You can also follow us via LinkedIn, Twitter, Facebook, YouTube, WeChat, Weibo or Youku.
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