TEXAS INSTRUMENTS INCORPORATED (NASDAQ:TXN) 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.

On January 19, 2017, the Registrant’s Board of Directors elected Brian T. Crutcher to the position of Chief Operating Officer, effective immediately. Mr. Crutcher, 44, has been executive vice president responsible for all business and sales operations, as well as for Kilby Labs and information technology. As COO, he adds oversight of TI’s global technology and manufacturing operations to his current duties. Mr. Crutcher has served in various positions with the Registrant for 21 years, including Vice President. In connection with his appointment, Mr. Crutcher will receive (i) an annual base salary of $875,000, and (ii) equity compensation totaling $7.5 million, allocated equally between restricted stock units and stock options. The remainder of Mr. Crutcher’s compensation remains unchanged.

About TEXAS INSTRUMENTS INCORPORATED (NASDAQ:TXN)

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA). Its Embedded Processing segment’s product line includes Processor, Microcontrollers and Connectivity. It is also engaged in smaller product lines, such as DLP products (primarily used in projectors to create high-definition images), certain custom semiconductors known as application-specific integrated circuits (ASICs) and calculators. The Company has design, manufacturing or sales operations in over 30 countries. It also offers baseband products, and OMAP applications processors and connectivity products, which are sold into smartphones and consumer tablets.

TEXAS INSTRUMENTS INCORPORATED (NASDAQ:TXN) Recent Trading Information

TEXAS INSTRUMENTS INCORPORATED (NASDAQ:TXN) closed its last trading session up +0.77 at 77.85 with 8,561,560 shares trading hands.