Director Offer Letter, dated as of June 28, 2018, by and between Allegro MicroSystems, Inc. and Reza Kazerounian
Exhibit 10.26
| Confidential | ||
| To: Reza Kazerounian | Date: June 28, 018 | |
| From: Ravi Vig and Zen Suzuki | ||
| Cc: Paul “Chip” Schorr | ||
| Subj: Allegro Microsystems Inc. Director Offer | ||
On behalf of Allegro Microsystems, Inc. (AMI), we would like to offer you a position on the AMI Board of Directors effective August 1, 2018, subject to approval by the Shareholders. We also request that you continue to provide advisory services focused on the optimization of the corporation in areas as directed by the major shareholders, the Chairman, or the CEO.
The compensation associated with the position is:
| • | $135,000 annualized base fees |
| • | $18,750 monthly fees for advisory services per the amended Board Executive Advisor Agreement, and |
| • | 12,000 L Shares as previously granted and per the terms of the amended Board Executive Advisor Agreement |
The offer acceptance is also contingent upon you signing the amendment to the “Board
Executive Advisor Agreement - Rev 4” entered on 28 September, 2017 (attached).
On behalf of the Shareholders, One Equity Partners and Sanken Electric Co., we would like to welcome you to the Board and look forward to your guidance through our transformation.
Sincerely,
| /s/ Ravi Vig
| Accepted By, | |||||
| /s/ Reza Kazerounian | ||||||
| Ravi Vig. - President and CEO | Reza Kazerounian | |||||
| 7-31-18 |
| /s/ Yoshihiro Suzuki | ||||
| Yoshihiro Suzuki – Chairman of the Board |
| Date: 7-11-18 | Date: 7-3-18 |
