# EDGAR Filing Document

**Accession Number:** 0001451809
**File Stem:** 0001451809-25-000132
**Filing Date:** 2025-10
**Character Count:** 17892
**Document Hash:** c570da8b9cd748ca51dbfb5a5e9846fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001451809-25-000132.hdr.sgml**: 20251017

**ACCESSION NUMBER**: 0001451809-25-000132

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251015

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251017

**DATE AS OF CHANGE**: 20251017

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SITIME Corp
- **CENTRAL INDEX KEY:** 0001451809
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 201199709
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39135
- **FILM NUMBER:** 251399076

**BUSINESS ADDRESS:**
- **STREET 1:** SITIME CORPORATION
- **STREET 2:** 5451 PATRICK HENRY DRIVE
- **CITY:** SANTA CLARA
- **STATE:** CA
- **ZIP:** 95054
- **BUSINESS PHONE:** 408-328-4400

**MAIL ADDRESS:**
- **STREET 1:** SITIME CORPORATION
- **STREET 2:** 5451 PATRICK HENRY DRIVE
- **CITY:** SANTA CLARA
- **STATE:** CA
- **ZIP:** 95054

?xml version='1.0' encoding='ASCII'? sitm-20251015

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

_________________________________________________________

**FORM 8-K**

_________________________________________________________

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): October 15, 2025**<br>

_________________________________________________________

**SiTime Corporation**

**(Exact name of Registrant as Specified in Its Charter)**

_________________________________________________________

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39135** | **02-0713868** |
| **(State or Other Jurisdiction**<br>**of Incorporation)** | **(Commission File Number)** | **(IRS Employer**<br>**Identification No.)** |
| **5451 Patrick Henry Drive** | | |
| **Santa Clara, California** | | **95054** |
| **(Address of Principal Executive Offices)** | | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** (408) 328-4400<br>

**(Former Name or Former Address, if Changed Since Last Report)**

_________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br>**Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, $0.0001 par value per share | SITM | The Nasdaq Stock Market LLC |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On October 16, 2025 Mr. Tom Yiu, a Class II director of the Board of Directors (the "Board") of SiTime Corporation (the "Company") notified the Board of his intention to resign as a member of the Board, effective as of immediately prior to the appointment of his successor to the Board. Mr. Yiu's resignation was not the result of a disagreement with the Company or the Board on any matter relating to the Company's operations, policies, or practices.

There is no arrangement or understanding between Mr. Moorthy and the Company or any other persons pursuant to which Mr. Moorthy was selected as a director. Additionally, there are no transactions involving the Company and Mr. Moorthy that the Company would be required to report pursuant to Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act").

Mr. Ganesh Moorthy, age 65, has served as the Chair of the board of directors of Ralliant Corporation ("Ralliant"), a global test and measurement and safety, and sensor systems company, since June 2025. Mr. Moorthy served as the Chair Designate for Ralliant from February 2025 to June 2025, prior to Ralliant's spin-out from Fortive Corporation in June 2025. Mr. Moorthy served as the President and Chief Executive Officer of Microchip Technology Inc. ("Microchip"), a semiconductor company, from March 2021 to November 2024 when he retired from these roles and served as a member of the board of directors of Microchip from January 2021 to November 2024. He served as President and Chief Operating Officer of Microchip, from February 2016 to February 2021, and served in various leadership roles at Microchip between November 2001 and February 2016. Since December 2023, Mr. Moorthy has served as a member of the boards of directors of Celanese Corporation, a global chemical and specialty materials company, and Ayar Labs, Inc., a privately held optical I/O solutions company. Mr. Moorthy served as a member of the board of directors of Rogers Corporation, a specialty materials company, from July 2013 to January 2024. Mr. Moorthy holds a B.S. in Physics from the University of Bombay, a B.S. in Electrical Engineering from the University of Washington, and an MBA, Marketing, from National University.

For his service on the Board, Mr. Moorthy will be compensated pursuant to the Company's Independent Director Compensation Policy (the "Policy"), which is attached as Exhibit 10.36 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the Commission on May 8, 2025 (File No. 001-39135). As set forth in the Policy, Mr. Moorthy's compensation consists of a cash retainer for service on the Board, as well as a one-time initial restricted stock unit ("RSU") award and a one-time initial prorated RSU award upon his appointment to the Board, and an additional RSU award to be granted on the first business day following the conclusion of each annual meeting of stockholders following his appointment, including the 2026 Annual Meeting of Stockholders.

In connection with his appointment to the Board, the Company and Mr. Moorthy entered into a letter agreement (the "Letter Agreement"). A copy of the Letter Agreement is filed and attached hereto as Exhibit 10.1 and is incorporated herein by reference. In addition, Mr. Moorthy has entered into the Company's standard form of indemnity agreement, which is attached as Exhibit 10.1 to the Company's Annual Report on Form 10-K filed with the Commission on February 16, 2021 (File No. 001-39135).

**Item 7.01 Regulation FD Disclosure.**

A copy of the press release announcing the resignation of Mr. Yiu and the appointment of Mr. Moorthy is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information furnished in this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filing, except as expressly set forth by specific reference in such filing.

**Item 9.01 Financial Statements and Exhibits.**

d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| <u>[10.1](exhibit101-offerletter.htm)</u> | <u>[Letter Agreement dated October 16, 2025 between](exhibit101-offerletter.htm)[SiTime Corporation](exhibit101-offerletter.htm)[and](exhibit101-offerletter.htm)[Mr.](exhibit101-offerletter.htm)[Ganesh Moorthy](exhibit101-offerletter.htm)</u> |
| <u>[99.1](exhibit991-pressreleasefor.htm)</u> | <u>[Press Release of SiTime Corporation dated October](exhibit991-pressreleasefor.htm)[17](exhibit991-pressreleasefor.htm)[, 2025](exhibit991-pressreleasefor.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| | | | SiTime Corporation |
| Date: | October 17, 2025 | By: | /s/ Vincent P. Pangrazio |
|  |  |  | **Vincent P. Pangrazio** |
|  |  |  | **Executive Vice President, Chief Legal Officer and Corporate Secretary** |

---

## Exhibit 10.1

![image_0a.jpg](image_0a.jpg)

October 16, 2025

**Re: Position on the Board of Directors of SiTime Corporation**

Dear Ganesh:&nbsp;&nbsp;&nbsp;&nbsp;

It is my sincere pleasure to welcome you as a Director on the SiTime Corporation (the "Company") Board of Directors (the "Board"). We anticipate many exciting opportunities at the Company and believe that your experience and background will greatly assist us in meeting those opportunities.

The Company maintains a classified Board, which means the Board is divided into three classes, with each class having a three-year term. You shall serve as a Class I director. As a result, your term of office will expire at the Company's 2026 Annual Meeting of Stockholders. At such time you will be nominated for election to an additional 3-year term. If you are not re-elected, your term of office will expire at the 2026 Annual Meeting of Stockholders.

Upon your appointment as a Director, pursuant to the terms of the Company's Independent Director Compensation Policy (the "Policy") and the Company's 2019 Stock Incentive Plan (the "Plan") you have been granted a restricted stock unit ("RSU") award of 998 shares of the Company's common stock (the "Initial RSU"). Your Initial RSU will vest annually over a three-year period with one-third of the shares subject to the Initial RSU award vesting on November 20, 2026, and an additional one-third of the shares vesting on each November 20<sup>th</sup> thereafter, subject to your continued service as a Director at each vesting date. Additionally, you have been granted an RSU award of 515 shares (the "Prorated Annual RSU Award"). The Prorated Annual RSU Award shall become fully vested on May 20, 2026, subject to your continued services as a Director at the vesting date. In the event there is a Change in Control of the Company, 100% of all your RSUs will vest immediately upon such a Change in Control. All terms and conditions of the RSU will be set forth in the Policy, the Plan, the RSU award agreement and other documents relating to the Plan.

You will receive annual compensation for your service on the Board in accordance with the Policy, as may be amended from time to time. The Policy currently provides for annual cash retainers of $40,000 for your service as a Director. In addition, we will reimburse reasonable out-of-pocket expenses incurred in connection with your service as a Director in accordance with the Company's established reimbursement policies, including reasonable travel expenses associated with attending the Company's Board and Committee meetings. As you know, as a Director, you will not be entitled to any of the other benefits that the Company makes available to its employees.

In your capacity as a Director of the Company, you will be expected not to use or disclose any confidential information, including, but not limited to, trade secrets of any former employer or other person or entity to whom you have an obligation of confidentiality. Rather, you will be expected to use only information that is generally known and used by persons with training and experience comparable to your own, that is common knowledge in the industry or otherwise legally in the public domain, or that is otherwise provided or developed by the Company.

In addition, during the term of your services as a Director and after termination of such services, you will not disclose any of the Company's confidential proprietary information, or any information of a third party provided to you by the Company, which includes but is not limited to, all non-public tangible

&nbsp;&nbsp;&nbsp;&nbsp;1

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and intangible manifestations regarding patents, copyrights, trademarks, trade secrets, technology, inventions, works of authorship, business plans, data or any other confidential knowledge without the prior written consent of the Company.

This letter, the Indemnity Agreement and the stock equity documentation referred to herein, constitutes the entire agreement between you and the Company. This agreement supersedes any other agreements or promises made to you by anyone, whether oral or written, and it may only be modified in writing signed by a duly authorized officer of the Company.

If the terms of this letter are acceptable to you, and to indicate your willingness to serve on the Company's Board, please sign and date this letter below. We look forward to your favorable reply and to a productive and enjoyable future relationship.

Very truly yours,

SiTime Corporation

/s/ Rajesh Vashist

Rajesh Vashist

Chairman and CEO

Accepted:

<u>/s/ Ganesh Moorthy&nbsp;&nbsp;&nbsp;&nbsp;</u>

Ganesh Moorthy&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<u>October 16, 2025&nbsp;&nbsp;&nbsp;&nbsp;</u>

Date&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;2

## Exhibit 99.1

SiTime Appoints Ganesh Moorthy to Board of Directors; Tom Yiu Steps Down

**SANTA CLARA, Calif. – Oct. 17, 2025 –** SiTime Corporation (NASDAQ: SITM), the Precision Timing company, today announced that Ganesh Moorthy has been appointed to the company's Board of Directors, succeeding Tom Yiu.

"Tom Yiu's more than four decades of experience in the global semiconductor industry have been invaluable to SiTime. Under his guidance, our company grew from approximately $280 million market cap at the IPO in 2019 to over $7 billion market cap today," said chairman and CEO Rajesh Vashist. "Tom's insights and his experience working with six companies and board positions have boosted our leadership in Precision Timing. On behalf of the SiTime team and stakeholders, I express our gratitude for Tom's many contributions. As we enter our next phase of growth, I am excited to welcome Ganesh Moorthy, whose expertise in scaling an organization to multi-billion-dollar revenue will be a tremendous asset."

Ganesh Moorthy served as CEO, president and board member at Microchip Technology Inc. until his retirement at the end of November 2024. He was appointed as president and CEO of Microchip in March 2021 and joined Microchip's Board of Directors in January 2021. Prior to this role, he held several senior executive positions at Microchip, including COO and executive vice president of various Microchip businesses. Before joining Microchip in 2001, he held successive engineering and executive leadership roles at Intel over a period of 19 years.

"Joining SiTime's board comes at a pivotal moment of growth and expansion for the company," said Ganesh Moorthy, retired president and CEO of Microchip. "SiTime is not just disrupting a century-old industry—it has created the Precision Timing category and is setting the standard for what's possible in timing technology to meet the demands of AI and data centers, robotics, mobile, automotive, intelligent IoT devices, and others. In advanced digital electronics, timing and clock ICs play a critical role by delivering precise signals that coordinate data flow—acting like a metronome to ensure synchronized processing and transmission, and helping prevent errors in fast, complex systems."

Mr. Moorthy currently serves as the chair of the Board of Directors for Ralliant, a global test and measurement, and safety and sensor systems company. He also serves on the Board of Directors of Celanese, a global chemical and specialty materials company, and on the Board of Directors of Ayar Labs, a private venture-funded company that is the leader in optical interconnect solutions for large-scale AI workloads.

**About SiTime**

SiTime Corporation is the Precision Timing company. Our semiconductor MEMS programmable solutions offer a rich feature set that enables customers to differentiate their products with higher performance, smaller size, lower power, and better reliability. With more than 3.5 billion devices shipped, SiTime is changing the timing industry. For more information, see www.sitime.com.

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**Investor Relations Contacts:**<br>Shelton Group<br>Leanne Sievers \| Brett Perry<br>sitm-ir@sheltongroup.com

SiTime Corporation<br>Beth Howe<br>Chief Financial Officer<br>investor.relations@sitime.com

<br>