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Cirrus Logic Nominates William D. Mosley for Election to Board of Directors

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Cirrus Logic (NASDAQ: CRUS) announced the nomination of William D. Mosley for election to its board of directors at the 2024 Annual Meeting scheduled for July 26, 2024. Mosley, who has been the CEO of Seagate Technology since October 2017, brings extensive experience in global operations, technology, R&D, sales, and marketing. The announcement also includes the retirement of Tim Dehne, a board member since 2009, who will not stand for reelection. Cirrus Logic, known for its low-power, high-precision mixed-signal processing solutions, is headquartered in Austin, Texas.

Positive
  • William D. Mosley's nomination brings extensive executive experience to Cirrus Logic's board, potentially enhancing strategic decisions.
  • Dr. Mosley's background in global operations, technology, R&D, and sales could offer valuable insights for company growth.
  • Cirrus Logic’s recognition for its corporate culture may attract top talent and investors.
Negative
  • The retirement of Tim Dehne, a board member for 15 years, may lead to a gap in board experience and stability.
  • Potential uncertainties during the transition period as new board dynamics take shape.

AUSTIN, Texas--(BUSINESS WIRE)-- Cirrus Logic (NASDAQ: CRUS) today announced that its board of directors nominated William D. Mosley to stand for election at the company’s 2024 Annual Meeting, currently scheduled for July 26, 2024.

Dr. Mosley has served as the CEO of Seagate Technology Holdings plc (“Seagate”) since October 2017 and as a member of its board since July 25, 2017. He brings broad-based, executive-level experience in managing a high technology company as well as extensive experience involving global operations, technology, research and development, and sales and marketing. Dr. Mosley joined Seagate in 1996 as a Senior Engineer, and during his tenure he has held a variety of posts of increasing responsibility including President and COO, President Operations and Technology, Executive Vice President Global Sales and Marketing, as well as many R&D leadership roles. Dr. Mosley earned a Ph.D. in Physics from the University of California, Davis focusing on solid state physics.

“We are delighted to nominate Dave Mosley for election to the Cirrus Logic Board of Directors,” said John Forsyth, president and chief executive officer, Cirrus Logic. “His vast executive experience—which spans R&D, operations, marketing, and sales—will provide valuable insights as a member of the Cirrus Logic team.”

The Company also announced today that Tim Dehne will retire from the board by not standing for reelection at the upcoming Annual Meeting. Mr. Dehne has been a member of the Cirrus Logic board since 2009. During his tenure, he has served on all of the board’s committees—Audit, Compensation and Human Resources (as Chair), and Governance and Nominating. “Tim has been an invaluable member of the board for the past 15 years,” said Cirrus Logic Board Chair, David Tupman. “His insights and contributions, and particularly his 13-year leadership as Chair of our Compensation and Human Resources Committee, will be greatly missed.”

Cirrus Logic, Inc.

Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world’s top mobile and consumer applications. With headquarters in Austin, Texas, Cirrus Logic is recognized globally for its award-winning corporate culture. Check us out at www.cirrus.com.

This Press Release is Not a Solicitation of Proxies

This press release is not a solicitation of proxies from holders of common stock of Cirrus Logic, Inc. The Company will provide shareholders with a proxy statement and other relevant materials in connection with the 2024 Annual Meeting of Shareholders. Any solicitation of proxies by or on behalf of the Company in connection with the 2024 Annual Meeting of Shareholders will be conducted upon and following the dissemination of the proxy statement and other materials in accordance with applicable law.

Cirrus Logic, Cirrus and the Cirrus Logic logo are registered trademarks of Cirrus Logic, Inc. All other company or product names noted herein may be trademarks of their respective holders.

Media Contact:

Julia Betts

Director, Communication & Employee Experience

Cirrus Logic, Inc.

(512) 851-4174

corpcomm@cirrus.com

Investor Contact:

Chelsea Heffernan

Vice President, Investor Relations

Cirrus Logic, Inc.

(512) 851-4125

investor@cirrus.com

Source: Cirrus Logic, Inc.

FAQ

Who has Cirrus Logic nominated for election to its board of directors for 2024?

Cirrus Logic has nominated William D. Mosley for election to its board of directors at the 2024 Annual Meeting scheduled for July 26, 2024.

What is the significance of William D. Mosley's nomination to Cirrus Logic's board?

William D. Mosley's nomination brings extensive executive experience in global operations, technology, R&D, and sales, potentially enhancing Cirrus Logic's strategic decisions.

What position does William D. Mosley currently hold?

William D. Mosley is currently the CEO of Seagate Technology Holdings plc.

When is Cirrus Logic's 2024 Annual Meeting scheduled?

Cirrus Logic's 2024 Annual Meeting is scheduled for July 26, 2024.

Why is Tim Dehne retiring from Cirrus Logic's board?

Tim Dehne is retiring from Cirrus Logic's board by not standing for reelection at the upcoming Annual Meeting.

What impact might Tim Dehne's retirement have on Cirrus Logic?

Tim Dehne's retirement may lead to a gap in board experience and stability, affecting board dynamics.

Cirrus Logic Inc

NASDAQ:CRUS

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