Company: CRUS
Filing Date: 2025-02-04
Form Type: 8-K
Source: 0000772406-25-000006
Chunk: 3

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-02-04
Form: 8-K
Item: Item 5.02
Chunk 3
---
 Woolard’s appointment, Ulf Habermann will step down from his position as interim CFO, effective February 24, 2025.

This change in Mr. Habermann’s position results only from the appointment of Mr. Woolard and is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure, or internal controls. Mr. Habermann will remain a key member of the Company’s finance organization, serving as our Principal Accounting Officer, Treasurer, and Senior Vice President of Finance.

On February 3, 2025, the Compensation and Human Resources Committee of the Board of Directors approved updates to Mr. Habermann’s compensation in connection with his change of position. Following his tenure as interim CFO, Mr. Habermann’s annual base salary will be adjusted from $431,047 to $375,000, and his semiannual target bonus percentage will decrease from 37.5% to 25% of his annual base salary. For the purpose of calculating Mr. Habermann’s cash bonus for the second half of fiscal year 2025 (our current semiannual bonus period), his base salary and target bonus percentage prior to these adjustments (i. e., $431,047 and 37.5%, respectively) will be used.

Item 7.01 Regulation FD Disclosure