Semtech said today that Mitch Haws is now a senior vice president of investor relations for the firm.
May 12, 2025 CAMarillo, California High-performance semiconductor Semtech Corporation (Nasdaq: SMTC), IoT systems and cloud connection supplier, today said that Mitch Haws has joined the business as senior vice president of investor relations.
Mr. Haws has a lot of experience in investor relations, most lately serving Advanced Micro Devices as corporate vice president of investor relations. He served vice president of investor relations at Skyworks Solutions and vice president of investor relations and worldwide communications at Freescale Semiconductor before that. Currently serving on the National Investor Relations Institute (NIRI Board of Directors), he is a qualified Investor Relations Charter (IRC)® holder who was acknowledged as fellow. Mr. Haws completed a BA in communications at Brigham Young University and an MBA at Westminster College.
“We welcome Mitch to our executive team as senior vice president of investor relations,” stated President and CEO Hong Hou. “Mitch will be very important in advancing our conversation with shareholders and the larger investment community. He brings great knowledge in capital markets, financial communications, and investor engagement.”
“I am eager to be joining Semtech at a pivotal point as it advances cutting-edge technologies and increases market presence,” said Haws. “I am excited to collaborate with the leadership team to communicate the company’s long-term strategy, market prospects, and financial performance and so enhance our relationships with investors.”
In relation to his joining the Company, Semtech awarded Mr. Haws a restricted stock unit (RSU) award comprising 30,110 Semtech common stock and a performance-based restricted stock unit (PRSU) award covering a “target” of 30,110 Semtech common stock on May 12, 2025. With vesting in each case subject to Mr. Haws’s employment with the company through the relevant vesting date, one-third of the RSUs are scheduled to vest on June 10, 2026; the remaining RSUs are scheduled to vest in equal quarterly installments every three months following the first vesting date until the award is fully vested. Based on Semtech’s net income, non-GAAP operating income, and relative total shareholder return performance over a three-year performance period comprising Semtech’s 2026, 2027 and 2028 fiscal years, between 0% and 200% of the “target” amount of PRSUs could become eligible to vest. A portion of the “target” number of PRSUs are allocated to each of the three performance periods under the award, and vesting of any PRSUs allocated to a performance period is subject to both Semtech’s performance and Mr. Haws’ employment with the company through the date following the end of that fiscal year on which performance is determined by Semtech for purposes of the award (except that no portion of the award will vest earlier than the first anniversary of the grant date, and Semtech’s relative total shareholder return performance is measured over the entire three-year performance period). Vesting stock units will be paid in equal semtech common stock shares. Under relevant listing regulations, all of the stock units awarded to Mr. Haws on May 12, 2025 are set to fulfill the “inducement grant” exception and, hence, they were not granted under Semtech’s 2017 Long-Term Equity Incentive Plan.
Forward-looking and warning words
All statements contained herein that are not statements of historical fact, including statements that use the words “will,” or other similar words or expressions, that describe Semtech Corporation’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements entail known and unknown risks, uncertainties and other elements that might lead to the actual Semtech Corporation results to be significantly different from the historical results and/or from any future results or outcomes implied or expressed. Such factors include, but are not limited to: the Company’s ability to comply with, or pursue business strategies due to the covenants under the agreements governing its indebtedness; the Company’s ability to remediate material weakness in its internal control over financial reporting, discovery of additional weaknesses, and its inability to achieve and maintain effective disclosure controls and procedures and internal control over financial reporting; the Company’s ability to forecast and achieve anticipated net sales and earnings estimates in light of periodic economic uncertainty; the inherent risks, costs and uncertainties associated with integrating Sierra Wireless, Inc. successfully and risks of not achieving all or any of the anticipated benefits, or the risk that the anticipated benefits may not be fully realized or take longer to realize than expected; the uncertainty surrounding the impact and duration of supply chain constraints and any associated disruptions; export restrictions and laws affecting the Company’s trade and investments, and tariffs or the occurrence of trade wars; worldwide economic and political disruptions, including as a result of inflation and current geopolitical conflicts; tightening credit conditions related to the United States banking system concerns; competitive changes in the marketplace including, but not limited to, the pace of growth or adoption rates of applicable products or technologies; downturns in the business cycle; decreasing average selling prices of the Company’s products; the Company’s reliance on a limited number of suppliers and subcontractors for components and materials; changes in projected or anticipated end-user markets; future responses to and effects of public health crises; and the Company’s ability to forecast its annual non-GAAP normalized tax rate due to material changes that could occur during the fiscal year, which could include, but are not limited to, significant changes resulting from tax legislation, acquisitions, entity structures or operational changes and other significant events; and the additional risk factors set forth in Semtech Corporation’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (sec.gov) on March 25, 2025, as such risk factors may be updated, amended or superseded from time to time by subsequent reports that Semtech Corporation files with the Securities and Exchange Commission. Except as mandated by law, Semtech Corporation assumes no responsibility to change any forward-looking statements to reflect events or conditions that could develop after the date of this release.
About Semtech
Semtech Corporation (Nasdaq: SMTC) is a high-performance semiconductor, IoT systems, and cloud connectivity service provider dedicated to delivering high-quality technology solutions that enable a smarter, more connected, and sustainable planet. Our global teams are committed to empowering solution architects and application developers to develop breakthrough products for the infrastructure, industrial and consumer markets. To learn more about Semtech technology, visit us at Semtech.com or follow us on LinkedIn or X.
Semtech, the Semtech logo, and LoRa are registered trademarks or service marks of Semtech Corporation or its subsidiaries. All other trademarks, service marks, and trade names mentioned in this press release are the property of their respective owners.
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