ALGM ALLEGRO MICROSYSTEMS, INC.
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Executive Summary
Allegro MicroSystems filed an 8-K announcing that two Class III directors (Susan D. Lynch and Richard R. Lury) will not stand for reelection at the 2026 Annual Meeting, and appointed Robert J. Willett, former CEO of Cognex, as an independent director to fill the vacancy. The changes are routine and not due to any disagreement with management.
Actionable Insight
This is a routine board refresh with no immediate catalyst. Willett's background in industrial automation and sensors could signal strategic focus areas, but no specific guidance or financial targets were provided. Monitor for any future strategic announcements or earnings calls for commentary.
Key Facts
- Susan D. Lynch and Richard R. Lury notified the board on May 11 and May 13, 2026, respectively, of their decision not to stand for reelection as Class III directors at the August 5, 2026 Annual Meeting.
- Their board service will terminate effective immediately prior to the Annual Meeting.
- The decisions are not the result of any disagreement with the company or its management.
- Robert J. Willett was elected to the board as a Class III director, effective May 13, 2026, and will serve until the Annual Meeting and until his successor is elected.
- Willett will serve on the Audit Committee and Compensation Committee and qualifies as an independent director and audit committee financial expert.
- Willett previously served as CEO of Cognex Corporation for 14 years.
- Board size expanded from nine to ten members.
Financial Impact
No financial impact disclosed.
Risk Factors
- No material risks identified from this filing.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-221635 |
| Document: algm-ex99_1.htm | 0001193125-26-221635 |
| Document: 0001193125-26-221635-index-headers.html | 0001193125-26-221635 |
| Document: 0001193125-26-221635-index.html | 0001193125-26-221635 |
| Document: 0001193125-26-221635.txt | 0001193125-26-221635 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
1d ago
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Institutional Cluster
| $47.97 awaiting T+5 | awaiting T+5 | — | $50.40 (+5.08%) |
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May 26, 2026
17d ago
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Insider Cluster
| $49.00 $50.33 | ▲ +2.71% | ▲ +1.51% | $50.40 (+2.87%) |
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May 22, 2026
21d ago
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Insider Cluster
| $50.76 $50.33 | ▼ −0.85% | ▼ −2.06% | $50.40 (−0.70%) |
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May 15, 2026
28d ago
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Insider Cluster
| $41.35 $50.76 | ▼ −22.76% | ▼ −21.14% | $50.40 (−21.90%) |
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May 15, 2026
28d ago
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Insider Cluster
| $44.33 $51.10 | ▲ +15.27% | ▲ +13.47% | $50.40 (+13.70%) |
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May 13, 2026
4w ago
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8-K
| $44.97 $44.70 | ▼ −0.60% | ▲ +0.12% | $50.40 (+12.09%) |
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May 13, 2026
4w ago
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Press Release
| $45.97 $41.65 | ▼ −9.40% | ▼ −8.24% | $50.40 (+9.65%) |
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May 7, 2026
5w ago
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8-K
| $47.93 $45.97 | ▼ −4.09% | ▼ −5.59% | $50.40 (+5.16%) |
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Apr 16, 2026
8w ago
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Press Release
| $38.22 $43.61 | ▲ +14.10% | ▲ +13.12% | $50.40 (+31.88%) |
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Mar 2, 2026
14w ago
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Insider Cluster
| $36.59 $32.87 | ▼ −10.17% | ▼ −8.96% | $50.40 (+37.76%) |
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