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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 29, 2024

QuickLogic Corporation

(Exact name of registrant as specified in its charter)

Delaware	000-22671	77-0188504

(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2220 Lundy Avenue, San Jose, CA		95131-1816
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (408) 990-4000

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communicati1ons pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $.001 per share	QUIK	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) On March 29, 2024, Radhika Krishnan, a Class III director, resigned from the Board of Directors (the “Board”) of QuickLogic Corporation (the “Company”), and from the Compensation Committee of the Board and the Nominating and Corporate Governance Committee of the Board, effective March 31, 2024. Ms. Krishnan resigned to focus on her operator role at Amazon Web Services and did not resign as a result of any disagreement with the Company, its management, the Board or any committee thereof, or with respect to any matter relating to the Company’s operations, policies or practices.

At this time, the vacancy created by Ms. Krishnan’s departure will not be filled but may be filled at a later date by the Board. As such, effective March 31, 2024, the Board decreased the number of directors serving on the Board from seven directors to six directors, eliminating the vacancy created by the resignation of Ms. Krishnan. The Board also, effective March 31, 2024, (i) reduced the number of members on the Compensation Committee from four directors to three directors, (ii) reduced the number of members on the Nominating and Corporate Governance Committee from four directors to three directors and (iii) reduced the number of Class III directors from three directors to two directors. Ms. Krishnan’s departure, the reduction in the size of the Board and the Board committees and the reduction of the number of Class III directors does not impact the Company’s compliance with Nasdaq Listing Rules.

The Company expresses its gratitude to Ms. Krishnan for her years of invaluable and dedicated service.

Item 7.01 Regulation FD Disclosure

On April 1, 2024, the Company issued a press release announcing the resignation of Radhika Krishnan as a member of its Board. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of and general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release
104		Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 1, 2024	QuickLogic Corporation

	/s/ Elias Nader
	Elias Nader Chief Financial Officer and Senior Vice-President, Finance (Principal Financial Officer)

EX-99.1 2 ex_648328.htm EXHIBIT 99.1 ex_648328.htm

Exhibit 99.1

QuickLogic Announces Radhika Krishnan Stepping Down From its Board of Directors

SAN JOSE, Calif., April 1, 2024 /PRNewswire/ -- QuickLogic Corporation (NASDAQ: QUIK), a developer of embedded FPGA (eFPGA) IP, ruggedized FPGAs and Endpoint AI/ML solutions, today announced that Radhika Krishnan has stepped down from its Board of Directors effective March 31, 2024 in order to focus on her operator role at Amazon Web Services.

Ms. Krishnan has served on QuickLogic’s Board since 2021. She served as a member of the Compensation Committee and Nominating and Corporate Governance Committee and was a Class III Director.

“On behalf of our Board and QuickLogic’s management team, we want to thank and acknowledge Radhika for her contributions to the Company,” stated Mike Farese, Chairman of the Board of QuickLogic. “We want to express our gratitude for the leadership, strategic insight and expertise in Artificial Intelligence that Radhika has provided over the past years.”

Ms. Krishnan stated, “QuickLogic has made great progress developing its comprehensive eFPGA IP ecosystem during the last three years and is well positioned to capitalize on the rapidly increasing demand for such innovative technology in new SoC designs.”

Effective upon Ms. Krishnan’s resignation as a director, the size of the Company’s Board of Directors was reduced from seven to six directors. Ms. Krishnan’s departure, the reduction in the size of the Board and the Board committees and the reduction of the number of Class III directors does not impact the Company’s compliance with Nasdaq Listing Rules.

About QuickLogic

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops innovative embedded FPGA (eFPGA) IP, discrete FPGAs, and FPGA SoCs for a variety of industrial, aerospace and defense, edge and endpoint AI, consumer, and computing applications. Our wholly owned subsidiary, SensiML Corporation, completes the end-to-end solution portfolio with AI / ML software that accelerates AI at the edge/endpoint. For more information, visit quicklogic.com.

QuickLogic and QuickLogic logo are registered trademarks of QuickLogic. All other trademarks are the property of their respective holders and should be treated as such.

Press Contacts
QuickLogic:
Andrea Vedanayagam
Veda Communications
408.656.4494
pr@quicklogic.com