Company: CRUS
Filing Date: 2025-06-04
Form Type: DEF 14A
Source: 0000772406-25-000019
Chunk: 42

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-06-04
Form: DEF 14A
Chunk 42
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 conflicts of interest.

#### C. The Information We Use for Comparisons

#### 1. Our Compensation Peer Group
The Compensation Committee develops an understanding of the competitive market with respect to executive compensation levels and related policies and practices against those of a compensation peer group. Our compensation peer group generally consists of public companies listed on U.S. stock exchanges in the semiconductor industry that are most comparable in size (approximately $600 million – $5.5 billion in revenue and approximately $1.3 billion – $25.8 billion in market capitalization), as compared to our approximate $1.8 billion in revenue and $6.4 billion in market capitalization as of November 2024, and also share other common characteristics with the Company, including location and similarity of business model and product lines. In determining the composition of our compensation peer group annually, the Compensation Committee considers the ability to achieve year-over-year consistency and position-specific executive-compensation comparisons. The Compensation Committee also considers whether a proposed peer was historically in the Company’s compensation peer group to maintain additional consistency. Another factor the Compensation Committee considers is the likelihood that the Company might compete for executive talent with the companies selected for the compensation peer group. For example, due in part to the Company’s specialized field, the targeted talent pool of skilled leadership is narrow, and as such, the Compensation Committee expects to continue to revisit and revise the compensation peer group on an annual basis to ensure the Company remains competitive in its continuing recruitment and retention efforts.

In November 2024, based on these criteria and under the direction of the Compensation Committee, Compensia reviewed the then-existing compensation peer group and made recommendations regarding potential additions and removals. Specifically, Compensia recommended that SunPower Corporation be removed in view of its acquisition. After review, the Compensation Committee approved that recommendation, and the following group of 18 companies was approved as the compensation peer group:

46

| Compensation peer group                   
 as of November 2024                       |     |                                |
| Allegro Microsystems, Inc.                |     | Monolithic Power Systems, Inc. |
| Diodes Incorporated                       |     | Penguin Solutions, Inc.4       |
| Entegris, Inc.                            |     | Power Integrations, Inc.       |
| First Solar, Inc.                         |     | Qorvo, Inc.                    |
| FormFactor, Inc.                          |     | Semtech Corp.                  |
| Knowles Corporation                       |     | Silicon Laboratories, Inc.     |
| Lattice Semiconductor Corporation         |