Semtech Corporation (NASDAQ:SMTC) Files An 8-K Other EventsItem 8.01
On March 23, 2017, Mohan Maheswaran, President, Chief Executive Officer and a Director of Semtech Corporation (the “Company”), entered into a written pre-arranged stock trading plan in accordance with guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, for the sale of a maximum of 30,000 shares of the Company’s common stock.
The plan provides for the sales of specified numbers of shares of the Company’s common stock held by Mr. Maheswaran on specified dates beginning in August 2017 and ending in July 2018. The shares will be sold under the plan on the open market at prevailing prices on the applicable trading days specified under the plan, subject to a minimum price threshold as specified in the plan.
Except as may be required by law, the Company does not undertake to report Rule 10b5-1 trading plans established by any other Company employees, officers or directors, nor to report modifications, terminations, or other activities under any publicly announced trading plan.
About Semtech Corporation (NASDAQ:SMTC)
Semtech Corporation is a supplier of analog and mixed-signal semiconductor products. The Company’s product lines include Signal Integrity, Protection, Wireless and Sensing, and Power and High-Reliability. It designs, develops and markets a portfolio of optical communications, broadcast video, surveillance video, active cable transceiver and backplane products used in enterprise computing, industrial, communications and consumer applications. It designs, develops and markets protection devices, which are referred to as transient voltage suppressors (TVS). Its protection products are found in applications, including smart phones and tablets. It designs, develops and markets a portfolio of radio frequency products used in a range of industrial, medical and communications applications, and sensing products used in industrial and consumer applications. It designs, develops and markets power product devices that control, alter, regulate and condition the power within electronic systems. Semtech Corporation (NASDAQ:SMTC) Recent Trading Information
Semtech Corporation (NASDAQ:SMTC) closed its last trading session up +0.50 at 34.35 with 562,778 shares trading hands.