Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 62

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 5
Chunk 62
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 purchased depend on a variety of factors including general market and economic conditions and other corporate considerations.  The program does not have an expiration date, does not obligate the Company to repurchase any particular amount of common stock, and may be modified or suspended at any time at the Company's discretion.  The Company repurchased 0.9 million shares of its common stock for $100.0 million during the fourth quarter of fiscal year 2025 under the 2022 authorization.  All shares of our common stock that were repurchased were retired as of March 29, 2025.  

The Company's net stock repurchases are subject to a 1 percent excise tax under the Inflation Reduction Act, which is a reduction to accumulated earnings in the Consolidated Statements of Stockholders' Equity.  Disclosure of repurchased amounts and related average price paid per share in the table above excludes the impact of excise taxes.

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Table of Contents 

Stock Price Performance Graph

The following graph and table show a comparison of the five-year cumulative total stockholder return ("TSR"), calculated on a dividend reinvestment basis, for Cirrus Logic, the Russell 3000 Index, and the Philadelphia Semiconductor Index.

 3/28/20203/27/20213/26/20223/25/20233/30/20243/29/2025Cirrus Logic, Inc.100.00 134.06 141.62 170.50 149.44 160.64 Russell 3000 Index100.00 165.16 185.21 162.98 218.50 233.21 Philadelphia Semiconductor Index100.00 211.79 243.25 218.67 347.68 306.43 

(1)The graph assumes that $100 was invested in our common stock and in each index at the market close on March 28, 2020, and that all dividends were reinvested.  No cash dividends were declared on our common stock during the periods presented.

(2)Stockholder returns over the indicated period should not be considered indicative of future stockholder returns.

The information in this Annual Report on Form 10-K appearing under the heading “Stock Price Performance Graph” is being “furnished” pursuant to Item 201(e) of Regulation S-K under the Securities Act of 1933, as amended, and shall not be deemed to be “soliciting material” or “filed”