LITTELFUSE INC /DE — Form 10-Q
Filed October 28, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
Littelfuse adopted a Change of Control Agreement effective January 1, 2027, for executive Maggie Chu (Senior VP, Chief Human Resources Officer). The agreement provides severance protections if the executive is terminated without Cause or resigns for Good Reason during a 2-year post-acquisition period: 3x base salary plus bonus, continued benefits for up to 3 years, and outplacement services. The agreement defines Change of Control as >50% ownership acquisition, board majority replacement, or 30%+ voting stake acquisition. No specific dollar amounts are stated in the template.
Why this rating
Routine adoption of standard change-of-control template for one executive. No material financial event triggered; agreement only activates upon future M&A. Minimal relative to $5.6B market cap.
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