Allegro MicroSystems (ALGM) just unveiled an update.
Andrew G. Dunn resigned from the Board of Allegro MicroSystems and its Research & Development and Strategy Committee due to OEP’s reduced ownership in the company. Jennie M. Raubacher was elected in his place as a Class III Director and appointed to the Audit Committee, qualifying as an independent director and an “audit committee financial expert.” Raubacher’s compensation aligns with that of her peers, and she has an indemnification agreement with the company. Her appointment follows the guidelines set by the Board and a Stockholders Agreement from 2022.
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