Business Context and Reporting Period
This Form 8-K Current Report was filed by Littelfuse, Inc. on September 10, 2026. The filing discloses a material change in executive leadership and associated compensatory arrangements.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to specific executive compensation:
- Compensation Package: Total monthly payments totaling $1,004,220 for the Advisory Term.
- Base Salary Component: $557,900 (current annual base salary).
- Incentive Component: $446,320 (representing 100% of the current 80% target Annual Incentive Plan award).
- Long-Term Incentives: Eligible for accelerated vesting of outstanding awards upon retirement at the end of the Advisory Term.
Material Changes
The primary material change is the transition of Mr. Deepak Nayar, Senior Vice President and General Manager of the Electronics Business:
- Current Role End Date: December 31, 2026.
- New Role: Special Advisor to the Chief Executive Officer.
- Effective Date: January 1, 2027.
- Restrictions: Mr. Nayar will not be eligible for new Annual Incentive Plan (AIP) or Long-Term Incentive (LTI) awards during the Advisory Term.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, market outlook, or general risk factors. The document focuses solely on the terms of the Special Advisor Employment Agreement. The full text of the agreement is filed as Exhibit 10.1 and incorporated by reference.
Investor Verification Checklist
- Review Exhibit 10.1 (Special Advisor Employment Agreement) for complete terms and conditions.
- Verify the impact of Mr. Nayar's departure on the Electronics Business segment performance in upcoming quarterly reports.
- Confirm the specific vesting schedule and conditions for the accelerated LTI awards mentioned in the filing.
- Check for any subsequent press releases (referenced as Exhibit 99.1) for additional context on the leadership transition.