Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 41

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 41
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 for our NEOs, the Compensation Committee seeks to strike a balance between providing compensation that is competitive with the compensation paid to executives of peer companies, while ensuring that a significant percentage of compensation is dependent on the Company’s performance, individual performance, and stock price appreciation. See the section of this Compensation Discussion and Analysis entitled “ The Elements Making Up Compensation and Our Target Compensation Levels ” for additional information regarding the target total direct compensation packages for our NEOs.

#### B. Our Use of a Compensation Consultant
To support the Compensation Committee in fulfilling its duties and staying current with executive compensation developments, the Compensation Committee retained an external compensation consultant to assist with its design and evaluation of compensation for our CEO, other executive officers, and non-employee directors for fiscal year 2025 pursuant to its charter. During fiscal year 2025, the Compensation Committee retained Compensia, Inc. (“Compensia”), a national compensation consulting firm, to provide executive and director compensation consulting services.

At the direction of the Compensation Committee, in fiscal year 2025 Compensia conducted a comprehensive evaluation of the compensation of our NEOs and other executives, including separate analyses related to the hiring of our new CFO, Mr. Woolard, as well as the compensation considerations associated with Mr. Habermann’s transition into and out of the Interim CFO role. In November 2024, Compensia reviewed and recommended changes to our compensation peer group, which is used to analyze the competitive market for executive and director compensation.

As required by the Nasdaq listing standards, the Compensation Committee performed an independence assessment of Compensia for fiscal year 2025. The Compensation Committee determined that Compensia should be considered independent based on the following factors:

• Compensia provided no services to the Company other than its work for the Compensation Committee;

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• The fees paid to Compensia by the Company for fiscal year 2025 were less than 1% of Compensia’s revenues for that year;

• Compensia maintains and has provided to the Company a Conflict of Interest Policy;

• The advisers from Compensia who provided services to the Company have no business or personal relationship with any members of the Compensation Committee or the Company’s executive officers; and

• Compensia has confirmed that none of the advisers from Compensia who provided services to the Company own any shares of our common stock.

Accordingly, the Compensation Committee determined that the services provided by Compensia to the Compensation Committee for fiscal year 2025 did not give rise to any