The company said it appointed Venkatesh Nathamuni as Executive Vice President and Chief Financial Officer on May 16, 2024. The appointment takes effect on June 3, 2024, and he will report to Chief Executive Officer Bob Pragada.

1. 01

   The company said it appointed Venkatesh Nathamuni as Executive Vice President and Chief Financial Officer on May 16, 2024. The appointment takes effect on June 3, 2024, and he will report to Chief Executive Officer Bob Pragada.

2. 02

   The company said Nathamuni will receive an annual base salary of $625,000 and will participate in the Leadership Performance Plan starting in fiscal 2024, with an annual incentive target of 100% of his base salary.

3. 03

   The company said it will grant Nathamuni a fiscal 2024 equity award with a grant date value of $1,750,000, consisting of restricted stock units (40%) and performance stock units (60%). It also said it will pay him a cash sign-on bonus of $150,000 and a sign-on bonus of $500,000 in restricted stock units, subject to his acceptance of certain restrictive covenants.

4. 04

   The company said Nathamuni has served as Chief Financial Officer at Cirrus Logic since 2022. It also explained that Kevin Berryman has served as interim Chief Financial Officer since Claudia Jaramillo's departure.

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Original filing

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