The company appointed Sherri R. Luther as Chief Financial Officer and Treasurer on October 10, 2024, effective October 11, 2024, replacing Richard J. Martucci, who had served as Interim CFO since September 30, 2023.

1. 01

   The company appointed Sherri R. Luther as Chief Financial Officer and Treasurer on October 10, 2024, effective October 11, 2024, replacing Richard J. Martucci, who had served as Interim CFO since September 30, 2023.

2. 02

   The company said Luther has been CFO of Lattice Semiconductor since January 2019 and previously worked at Coherent, Inc. for over 16 years, and that she will report to CEO James R. Anderson in the new role.

3. 03

   The company said the offer letter sets an annual base salary of $625,000, a target annual bonus of 85% of base salary, and a cash sign-on bonus of $500,000. It said the sign-on bonus must be fully repaid if Luther's employment ends before the 2nd anniversary of her start date through voluntary resignation other than for good reason, or termination by the company for cause.

4. 04

   The company said it will grant Luther inducement equity awards totaling $17,400,000. Of this, $3,500,000 is for the Fiscal Year 2025 Awards, and $13,900,000 is for Sign-On Awards, which partly offset equity she will forfeit from her current employer. The awards consist of RSUs and PSUs.

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Original filing

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