LITTELFUSE INC /DE 8-K

What Happened

• Littelfuse, Inc. announced that Ryan K. Stafford, Executive Vice President, Mergers & Acquisitions, Chief Legal Officer and Corporate Secretary, agreed to separate from the company effective April 30, 2026. The separation terms were memorialized in a Letter Agreement dated January 7, 2026.

Key Details

• Separation date: April 30, 2026; Letter Agreement dated January 7, 2026.
• Severance benefits (subject to Stafford signing and not revoking a Separation and Release Agreement) include:
  • A lump-sum cash payment under the Company’s Executive Severance Policy, payable on or before the 60th day after the separation date.
  • Accelerated vesting of 50% of restricted stock units granted on January 23, 2025.
  • A prorated 2026 cash bonus under the Annual Incentive Plan as defined in the agreement.
  • Continued or reimbursed welfare and fringe benefits for limited transitional periods.
• The Separation and Release Agreement will include customary confidentiality, release of claims, and non-disparagement provisions.

Why It Matters

• This is a material executive change in Littelfuse’s legal and M&A leadership. Investors should note potential near-term cash impacts from severance and accelerated equity vesting, and monitor for announcements about Stafford’s successor and any effect on M&A activity or legal strategy. The severance payments and benefits are contingent on Stafford executing the required release agreement.