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Lattice Semiconductor Corporation (NASDAQ:LSCC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Lattice Semiconductor Corporation (NASDAQ:LSCC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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

Lattice Semiconductor Corporation Amended 2013 Incentive Plan
On May 31, 2017, the stockholders of Lattice Semiconductor
Corporation (the Company) approved the Lattice Semiconductor
Corporation amended 2013 Incentive Plan (the Amended 2013 Plan) at
the annual meeting of stockholders (the Annual Meeting). The
Amended 2013 Plan was previously approved by the Board, upon
recommendation by the Compensation Committee (the Committee),
subject to stockholder approval at the Annual Meeting.
The 2013 Plan was amended to increase by 5,700,000 shares (from
8,340,000 shares to 14,040,000 shares) the number of shares of our
common stock available for issuance under the Plan. Unless sooner
terminated by the Board or the Committee, the Amended 2013 Plan
will terminate on May 1, 2023.
A detailed summary of the Amended 2013 Plan can be found on pages
39-43 of the Companys definitive Proxy Statement on Schedule 14A
filed on April 28, 2017, which description is incorporated herein
by reference. The summary does not purport to be complete and is
qualified in its entirety by reference to the full text of the 2013
Plan, which was attached as Annex A to such definitive Proxy
Statement and is incorporated herein by reference.
Lattice Semiconductor Corporation Amended 2011 Non-Employee
Director Equity Incentive Plan
On May 31, 2017, the stockholders of the Company also approved the
Lattice Semiconductor Corporation amended 2011 Non-Employee
Director Equity Incentive Plan (the Amended Director Plan) at the
Annual Meeting. The Amended Director Plan was previously approved
by the Board, upon recommendation by the Committee, subject to
stockholder approval at the Annual Meeting.
The 2011 Non-Employee Director Equity Incentive Plan was amended to
increase by 300,000 shares (from 1,410,000 shares to 1,710,000
shares) the number of shares of common stock available for issuance
under the Amended Director Plan. Unless sooner terminated by the
Board or the Committee, the Amended Director Plan will terminate on
May 1, 2021.
A detailed summary of the Amended Director Plan can be found on
pages 47-49 of the Companys definitive Proxy Statement on Schedule
14A filed on April 28, 2017, which description is incorporated
herein by reference. The summary does not purport to be complete
and is qualified in its entirety by reference to the full text of
the Amended Director Plan, which was attached as Annex B to such
definitive Proxy Statement and is incorporated herein by reference.
Item 5.07 Submission of Matters to a Vote of Security Holders
The annual meeting of stockholders of Lattice Semiconductor
Corporation (the “Company”) was held on Wednesday, May 31, 2017,
in Portland, Oregon. Stockholders representing 109,859,359 shares,
or 90.01%>of the outstanding shares as of the April 11, 2017
record date, were present in person or were represented at the
meeting by proxy. The final results of voting for each matter
submitted to a vote of stockholders at the meeting are as follows.
Proposal 1:>>Election of Directors
Our board of directors is currently comprised of eight members.
Each of the eight nominees for director was elected for a term of
one year, and the voting results are set forth below:
Nominee
For
Withheld
Abstain
Broker Non-Votes
Darin G. Billerbeck
94,176,643
667,949
15,014,767
Robin A. Abrams
82,753,735
12,090,857
15,014,767
Brian M. Beattie
93,759,732
1,084,860
15,014,767
John Bourgoin
93,791,963
1,052,629
15,014,767
Robert R. Herb
93,047,407
1,797,185
15,014,767
Mark E. Jensen
94,194,384
650,208
15,014,767
D. Jeffrey Richardson
93,426,482
1,418,110
15,014,767
Frederick D. Weber
93,784,213
1,060,379
15,014,767
Proposal 2:>>Advisory Vote to Approve Named Executive
Officer Compensation
The proposal to approve, as an advisory vote, the compensation of
the Company’s named executive officers was approved, and the
voting results are set forth below:
For
Withheld
Abstain
Broker Non-Votes
91,203,308
3,152,800
488,484
15,014,767
Proposal 3:>>Advisory Vote on the Frequency of Future
Advisory Votes to Approve Named Executive Officer Compensation
The proposal to approve, as an advisory vote, the frequency of
future advisory votes to approve named executive officer
compensation received the voting results set forth below:
1 Year
2 Years
3 Years
Abstain
Broker Non-Votes
82,525,154
124,145
11,714,933
480,360
15,014,767
Proposal 4:>>Approval of the Amended Lattice Semiconductor
Corporation 2013 Incentive Plan
The proposal to approve the amended Lattice Semiconductor
Corporation 2013 Incentive Plan was approved, and the voting
results are set forth below:
For
Withheld
Abstain
Broker Non-Votes
85,607,403
8,924,000
313,189
15,014,767
Proposal 5:>>Approval of the Amended Lattice Semiconductor
Corporation 2011 Non-Employee Director Equity Incentive Plan
The proposal to approve the amended Lattice Semiconductor
Corporation 2011 Non-Employee Director Equity Incentive Plan was
approved, and the voting results are set forth below:
For
Withheld
Abstain
Broker Non-Votes
53,595,905
40,936,118
312,569
15,014,767
Proposal 6: Ratification of Appointment of Independent Registered
Public Accounting Firm
The ratification of KPMG LLP as our independent registered public
accounting firm for the fiscal year ending December 30, 2017 was
approved, and the voting results are set forth below:
For
Withheld
Abstain
109,355,765
162,129
341,465

About Lattice Semiconductor Corporation (NASDAQ:LSCC)
Lattice Semiconductor Corporation is a United States-based company, which develops semiconductor technologies that it monetizes through products, solutions and licenses. The Company operates through two segments: the core Lattice (Core) business, which includes intellectual property (IP) and semiconductor devices, and Qterics, a discrete software-as-a-service business unit in the Lattice legal entity structure. The Company is a provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world. Its products include iCE40 Ultra/UltraLite, iCE40 LP/HX/LM, MachXO3, MachXO2, MachXO, HDMI Transmitters, HDMI Receivers, USB Type-C Port Controllers, Port Processors, Analog to HDMI/MHL Converters, MHL Transmitters, UltraGig 6400 and 802.11ad Chipsets. Lattice Semiconductor Corporation (NASDAQ:LSCC) Recent Trading Information
Lattice Semiconductor Corporation (NASDAQ:LSCC) closed its last trading session up +0.05 at 6.99 with 498,716 shares trading hands.

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