SEMTECH CORPORATION (NASDAQ: SMTC), a leading supplier of analog and
mixed-signal semiconductors, today announced that as an inducement to
enter into employment with Semtech, it has made awards effective
November 13, 2013 of restricted stock units (“Inducement Awards”) to two
recently hired employees under the Semtech 2009 Long-Term Equity
Incentive Inducement Plan (the “Inducement Plan”). An aggregate of 3,540
restricted stock units have been awarded for these Inducement Awards.
Pursuant to the terms of Inducement Awards, each of the Inducement
Awards is subject to time-based vesting and will vest annually over a
four-year period. Vesting of each Inducement Award is contingent on each
applicable employee remaining employed with Semtech through the relevant
vesting dates.
About Semtech
Semtech Corporation is a leading supplier of analog and mixed-signal
semiconductors for high-end consumer, computing, communications and
industrial equipment. Products are designed to benefit the engineering
community as well as the global community. The company is dedicated to
reducing the impact it, and its products, have on the environment.
Internal green programs seek to reduce waste through material and
manufacturing control, use of green technology and designing for
resource reduction. Publicly traded since 1967, Semtech is listed on the
NASDAQ Global Select Market under the symbol SMTC. For more information,
visit http://www.semtech.com.
Copyright Business Wire 2013