Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 37

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 37
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 for fiscal year 2025 and to discuss why and how the fiscal year 2025 compensation decisions for these executive officers were reached. As used in this Compensation Discussion and Analysis, all

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references to the 2025 fiscal year are applicable to the time period that began on March 31, 2024 and ended on March 29, 2025. Following this discussion are tables that include compensation information for the NEOs, the CEO pay ratio analysis, and a pay versus performance analysis. This Compensation Discussion and Analysis contains descriptions of various employee compensation and benefit plans. These descriptions are qualified in their entirety by reference to the full text of the plans that are filed as exhibits to the Company’s Annual Report on Form 10-K for fiscal year 2025.

The NEOs for fiscal year 2025 were as follows:

• John M. Forsyth, President and Chief Executive Officer;

• Jeff Woolard, Chief Financial Officer; 1

• Ulf Habermann, Former Interim Chief Financial Officer; Principal Accounting Officer, Treasurer, and Senior Vice President of Finance; 2

• Venk Nathamuni, Former Chief Financial Officer; 3

• Gregory S. Thomas, Executive Vice President, General Counsel;

• Carl J. Alberty, Executive Vice President, Mixed-Signal Products; and

• Justin Dougherty, Executive Vice President, Global Operations.

The Compensation Committee reviews and approves base salaries and other matters relating to executive compensation and administers the Company’s equity incentive plans, including reviewing and granting equity incentive awards to our executive officers and other employees and reviewing and approving policies and procedures for granting awards under these plans.

#### II. Executive Summary
Listed below are select business highlights for, and significant actions taken by the Compensation Committee in, fiscal year 2025. Additional details are described in the discussion and analysis that follows.

Business Highlights

• Financials . We reported revenue of $1.90 billion for fiscal year 2025, an increase of six percent year-over-year. Our GAAP operating profit was 21.6 percent (a year-over-year increase of about 12.7 percent), and we delivered record GAAP earnings per share of $6.00. Our cash and investment balance at the end of fiscal year 2025 was $834.8 million, up from $699.9 million the prior fiscal year, as we generated strong cash flow from operations, while also returning $261.0 million of cash to stockholders in the form of stock buybacks.