Jennie Raubacher joins Allegro’s Board of Directors with more than 25 years of investment banking experience focused on the semiconductor, generation, and telecommunications sectors, where she participated in global forums and executives on strategic and monetary transactions. Raubacher served as CEO of Wells Fargo
“I had the privilege of working with Jennie for the first time nearly two decades ago. We are grateful for her continued interest in Allegro and thrilled to welcome Jennie to the Allegro Board of Directors,” said Yoshihiro “Zen” Suzuki, Chairman of the Allegro Board of Directors. Board of Directors. ” Jennie’s extensive experience in the semiconductor industry as an investment banker advising executives and global forums on strategic and monetary transactions makes her a valuable asset. We look forward to reaping the benefits of Jennie’s wisdom as we continue to innovate answers for our target markets, adding e-mobility, blank energy and automation, and executing our strategy focused on the megatrends of electrification and automation. “
“I’ve known Allegro MicroSystems for two decades and helped with their IPO. This is an exciting time to sign on to Allegro’s board of directors, and I am honored to have been appointed,” said Jennie Raubacher. “I look forward to applying for the presidency,” said Sylvester Schulz, CEO and CEO of Allegro to help oversee the execution of the company’s strategy, leverage my expertise in capital allocation and pricing opportunities, and enable the company to continue its strong progress. “
About Allegro MicroSystemsAllegro MicroSystems is a leading designer, developer, manufacturer, and factory distributor of application-specific analog sensors (“ICs”) and force integrated circuits that enable emerging technologies in the automotive and commercial markets. Allegro’s diverse product portfolio offers effective and reliable solutions. answers for vehicle electrification, automotive ADAS protection functions, automation for Industry 4. 0 and power-saving technologies for knowledge centers and green force applications. For more information, visit https://www. allegromicro. com/en/.
Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. involved in Section 27A of the Securities Act of 1933Array, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Anything other than ancient fact involved in this press release deserves to be considered as something forward-looking. These involve known and unknown risks, uncertainties and other vital points that could possibly cause our actual results, functionality or achievements to be materially different from any long-term results, functionality or achievements expressed or implied by the forward-looking announcements. In some cases, you can identify forward-looking advertisements by terms such as “target,” “possibly,” “will,” “expect,” “explore,” “plan,” “anticipate,” “possibly,” “intend,” “target. ” “, “project”, “want”, “contemplate”, “believe”, “estimate”, “predict”, “potential”, “seek” or “continue” or negative of those terms or other similar words and expressions, although Not all forward-looking statements involve those words. No forward-looking view is a guarantee of long-term results, functionality or achievements, and it is worth avoiding undue reliance on such views.
Forward-looking statements are based on Control’s existing expectations, ideals and assumptions and on data available to us. Such ideals and assumptions may or may not turn out to be accurate. In addition, such forward-looking statements are subject to a number of known and unknown threats, uncertainties and assumptions, and actual effects would likely differ materially from those expressed or implied in the forward-looking statements as a result of various points, including but not restricted to. . Sort the known ones in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2023, updated in Part II, Item 1A “Risk Factors” of our Quarterly Report on Form 10-Q for the quarterly era ended September 29. Array 2023, filed with the SEC on November 6, 2023. These threats and insecurities include, but are not limited to: recessions or volatility in general economic situations; our ability to compete well, increase our market share and increase our net sales and profit abilities; our dependence on a limited number of third-party semiconductor wafer production services and other materials suppliers; our inability to adjust purchasing commitments and stock control based on changing market conditions or visitor demand; changes in our product group or visitor group, which may also have a negative effect on our gross margin; the threat that the expected benefits of acquisitions will not be known or that the integration of acquired businesses will not continue as temporarily as we expect; the cyclical nature of the analog semiconductor industry; any slowdown or disruption in the automobile market; our ability to offset declines in the average promotion costs of our products and increases in input costs; our ability to manage any sustained performance issues or other delays at our third-party wafer production facilities or during final meetings and testing of our products; our ability to expect, as expected, our quarterly net sales and operating effects; our ability to adjust the volume of our source chain to reflect market conversion situations and visitor demand; our dependence on manufacturing operations in the Philippines; our dependence on distributors to generate sales; the effects of COVID-19 on our supply chain and visitor demand; our ability to expand new features or products in a timely and cost-effective manner; our ability to manage expansion; any slowdown in the expansion of our end markets; the loss of one or more vital customers; our ability to meet visitor quality requirements; uncertainties similar to the design procurement process and our ability to recover design and development expenses and generate timely or sufficient sales or net margins; adjustments in government industrial policies, adding the imposition of restrictions and tariffs on exports; our exposure to warranty claims, product failure claims and product recalls; our dependence on foreign customers and operations; the availability of rebates, tax credits and other monetary incentives for end-user programs for certain products; threats, responsibilities, costs and obligations related to government regulation and other legal obligations, including export control, privacy, knowledge protection, data security, customer protection, environmental and office suitability and security, anti-corruption and bribery, and industry controls; exchange rate volatility; our ability to raise capital to assist in our expansion strategy; our indebtedness would likely restrict our flexibility to operate our business; our ability to well manage our expansion and retain key, highly qualified personnel; our ability to protect our proprietary generation and inventions through patents or trade secrets; our ability to market our products without infringing the intellectual asset rights of third parties; interruptions or breaches of our data generation systems or those of our third-party service providers; our main shareholders exercise really extensive control over us; the inapplicability of the “corporate expediency” doctrine to any director or shareholder not recruited through us; anti-takeover provisions in our organizational documents and under the Delaware General Corporation Law; our inability to design, implement or maintain effective internal control over monetary reporting; adjustments in tax rates or the adoption of new tax legislation; the negative ones have sustained inflation effects on our business; disruptions in the banking and monetary sector that restrict our or our partners’ ability to access capital and debt; physical, transition and litigation threats presented through climate change; and other occasions beyond our control. Additionally, we operate in a conversion environment. New risks and insecurities may arise from time to time, and it is not imaginable that control is waiting for all risks and insecurities. Our threat points may be updated or supplemented from time to time in our other filings with the Securities and Exchange Commission (“SEC”), located on the SEC’s online page at www. secArraygov and under Relations with Investors. page of our online page at investors. allegromicro. com.
You deserve to read this press release with the understanding that our actual long-term effects may differ materially from what we expect. We qualify all of our forward-looking statements with those cautionary statements. All forward-looking statements speak solely as of the date of this press release and, as required by applicable law, we do not intend to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, long-term events, case adjustments or otherwise. .
Contact Allegro Jalene HooverVice President, Investor Relations & Communications d’entreprisejhoover@allegromicro. com