Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On December 31, 2021, Jack Lazar notified Silicon Laboratories Inc.
("Silicon Laboratories" or the "Company") of his decision to not stand for
re-election at the Company's 2022 annual meeting of stockholders. Accordingly,
his tenure as a member of the Company's board of directors will be completed at
the 2022 annual meeting of stockholders. Mr. Lazar's decision to not stand for
re-election is not due to any disagreement with Silicon Laboratories regarding
its operations, policies or practices.
Silicon Laboratories filed a Form 8-K on July 28, 2021 announcing its chief
executive officer ("CEO") transition plan. In connection with this plan, Tyson
Tuttle resigned his positions as CEO of Silicon Laboratories and as a member of
its board of directors effective as of January 1, 2022.
(c) As previously announced in the Form 8-K filed on July 28, 2021, Silicon
Laboratories appointed Matt Johnson as CEO, replacing Tyson Tuttle, effective as
of January 2, 2022. On December 31, 2021, Mr. Johnson was appointed to the
Company's board of directors effective as of January 2, 2022 and will serve as a
Class II director with a term expiring in 2024.
(d) On December 31, 2021, Silicon Laboratories appointed Sherri Luther as a
member of its board of directors to serve as a Class III director effective as
of January 2, 2022. The term of the Class III directors expires at the 2022
annual meeting of stockholders. Ms. Luther is expected to be nominated for
re-election at such annual meeting. Ms. Luther, age 56, has been Chief Financial
Officer of Lattice Semiconductor since 2019. She served as Corporate Vice
President of Finance at Coherent Inc. from 2016 until 2019. Ms. Luther is a
certified public accountant and holds a Bachelor of Business Administration,
with a dual major in Accounting and Finance, from Wright State University.
Ms. Luther will receive the standard cash retainer per year of $55,000 for board
service. If she is elected on the date of our 2022 annual meeting of
stockholders, Ms. Luther will receive the standard non-employee director grant
of restricted stock units covering a number of shares of the Company's common
stock equal to $180,000 divided by the average closing price of a share of the
Company's common stock on the 30 trading days ending on the 2nd trading day
preceding the date of such meeting and such grant shall vest on approximately
the first anniversary of the date of grant.
On December 31, 2021, Silicon Laboratories appointed Sumit Sadana to serve as
the Company's Lead Director effective as of January 2, 2022, replacing William
Wood in such capacity. Mr. Wood remains a member of the Company's board of
directors.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
99.1 Press Release of Silicon Laboratories Inc. dated January 3, 2022 entitled
"Silicon Labs Appoints Sherri Luther to Board of Directors"
99.2 Press Release of Silicon Laboratories Inc. dated January 3, 2022 entitled
"Silicon Labs Appoints Sumit Sadana as Lead Director"
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in
Exhibit 101)
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SILICON LABORATORIES INC. 
