CIRRUS LOGIC, INC.
For the period ended Mar 29, 2025. Filed May 23, 2025.
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FY2025 · Filed May 23, 2025
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Item 15. Exhibits and Financial Statement Schedules
(a)The following documents are filed as part of this Report:
- Consolidated Financial Statements
Reports of Ernst & Young LLP, Independent Registered Public Accounting Firm.
Consolidated Balance Sheets as of March 29, 2025 and March 30, 2024.
Consolidated Statements of Income for the fiscal years ended March 29, 2025, March 30, 2024, and March 25, 2023.
Consolidated Statements of Comprehensive Income for the fiscal years ended March 29, 2025, March 30, 2024, and March 25, 2023.
Consolidated Statements of Cash Flows for the fiscal years ended March 29, 2025, March 30, 2024, and March 25, 2023.
Consolidated Statements of Stockholders’ Equity for the fiscal years ended March 29, 2025, March 30, 2024, and March 25, 2023.
Notes to Consolidated Financial Statements.
- Financial Statement Schedules
All schedules have been omitted since the required information is not present or not present in amounts sufficient to require submission of the schedule, or because the information required is included in the consolidated financial statements or notes thereto.
- Exhibits
The following exhibits are files as part of or incorporated by reference into this Annual Report on Form 10-K.
| Number | Description |
| 3.1 | Amended and Restated Certificate of Incorporation of Registrant, filed with the Delaware Secretary of State on July 26, 2024. (1) |
| 3.2 | Amended and Restated Bylaws of Registrant (2) |
| 4.1 | Description of Securities (8) |
| 10.1+ | Cirrus Logic, Inc. 2006 Stock Incentive Plan, amended and restated as of May 26, 2015 (5) |
| 10.2+ | Form of Stock Option Agreement for options granted under the Cirrus Logic, Inc. 2006 Stock Incentive Plan (3) |
| 10.3+ | Form of Stock Option Agreement for options for U.K. Employees under the Cirrus Logic, Inc. 2006 Stock Incentive Plan (6) |
| 10.4+ | Form of Notice of Grant of Stock Option for options granted under the Cirrus Logic, Inc. 2006 Stock Incentive Plan (3) |
| 10.5+ | Form of Stock Option Agreement for Outside Directors under the Cirrus Logic, Inc. 2006 Stock Incentive Plan (4) |
| 10.6+ | Cirrus Logic, Inc. 2018 Long Term Incentive Plan (7) |
| 10.7+ | First Amendment to the Cirrus Logic, Inc. 2018 Long Term Incentive Plan (9) |
| 10.8+ | Second Amendment to the Cirrus Logic, Inc. 2018 Long Term Incentive Plan (13) |
| 10.9+ | Cirrus Logic, Inc. Amended and Restated 2018 Long Term Incentive Plan (19) |
| 10.10+ | Form of Restricted Stock Unit Agreement (16) |
| 10.11+ | Form of Notice of Grant of Restricted Stock Units (7) |
| 10.12+ | Form of Performance Award Agreement (16) |
| 10.13+ | Form of Notice of Grant of Performance Award (7) |
| 10.14+ | Form of Stock Option Agreement (16) |
| 10.15+ | Form of Notice of Grant of Stock Option (7) |
| 10.16+ | Form of Notice of Grant of Stock Award (7) |
| 10.17 | Second Amended and Restated Credit Agreement, entered July 8, 2021, among Cirrus Logic, Inc., the Lenders party thereto and Wells Fargo Bank, National Association, as a Lender and Administrative Agent (10) |
| 10.18 | First Amendment to the Second Amended and Restated Credit Agreement, dated as of July 8, 2021 with the Lending party thereto and Wells Fargo Bank, National Association, as administrative agent (14) |
| 10.19+ | Restricted Stock Unit Agreement for Non-Executive Directors under the Cirrus Logic, Inc. 2018 Long Term Incentive Plan (11) |
| 10.20* | Stock Option Agreement for Non-Executive Directors under the Cirrus Logic, Inc. 2018 Long Term Incentive Plan (11) |
| 10.21*† | Capacity Reservation and Wafer Supply Commitment Agreement (11) |
| 10.22+ | Cirrus Logic, Inc. 2007 Management and Key Individual Contributor Incentive Plan, as amended and restated on March 22, 2022 (12) |
| 10.23+ | Cirrus Logic, Inc. Executive Severance and Change of Control Plan, as amended and restated on August 24, 2023 (15) |
| 10.24+ | Cirrus Logic, Inc. 2018 Long Term Incentive Plan Notice of Grant of MSU Performance Award (17) |
| 10.25+ | Cirrus Logic, Inc. 2018 Long Term Incentive Plan Notice of Grant of PSU Performance Award (17) |
| 10.26* | Amendment 1 to Capacity Reservation and Wafer Supply Commitment Agreement |
| 14.1 | Corporate Code of Conduct as amended and restated on February 26, 2024 |
| 19.1 | Insider Trading and Confidentiality Policy, as amended and restated on February 24, 2025 |
| 21.1 | List of Subsidiaries. |
| 23.1 | Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm. |
| 24.1 | Power of Attorney (see signature page) |
| 31.1 | Certification of Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2 | Certification of Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1** | Certification of Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 32.2** | Certification of Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| 97 | Cirrus Logic Inc. Recovery of Erroneously Awarded Incentive Compensation Policy, adopted August 24, 2023 (18) |
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
- Indicates a management contract or compensatory plan or arrangement.
- Certain confidential information contained in this exhibit has been omitted by means of redacting a portion of the text, pursuant to Regulation S-K Item 601(b)(10)(iv). Certain confidential information has been excluded from the exhibit because it (i) is not material and (ii) is the type of information that the registrant treats as private or confidential. An unredacted copy of the exhibit will be provided on a supplemental basis to the SEC upon request.
† Certain schedules or appendices to this exhibit have been omitted pursuant to Regulation S-K Item 601(a)(5). A copy of any omitted schedule will be furnished to the SEC upon request.
** The certifications attached as Exhibits 32.1 and 32.2 accompanying this Annual Report on Form 10-K, are deemed furnished and not filed with the SEC and are not to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933, as amended, whether made before or after the date of this Annual Report on Form 10-K, irrespective of any general incorporation language contained in such filing.
| (1) | Incorporated by reference to Exhibit 2 to the Registrant’s Definitive Proxy Statement filed with the SEC on June 3, 2024 (Registration No. 000-17795). |
| (2) | Incorporated by reference from Registrant’s Report on Form 8-K filed with the SEC on March 8, 2023 (Registration No. 000-17795). |
| (3) | Incorporated by reference from Registration’s Statement on Form S-8 filed with the SEC on August 1, 2006 (Registration No. 333-136219). |
| (4) | Incorporated by reference from Registrant’s Report on Form 8-K filed with the SEC on August 1, 2007 (Registration No. 000-17795). |
| (5) | Incorporated by reference to Exhibit A of the Registrant’s Definitive Proxy Statement on Schedule 14A filed with the SEC on June 2, 2015 (Registration No. 000-17795). |
| (6) | Incorporated by reference from Registrant’s Report on Form 10-K filed with the SEC on May 25, 2016 (Registration No. 000-17795). |
| (7) | Incorporated by reference from Registrant’s Statement on Form S-8 filed with the SEC on August 3, 2018 (Registration No. 333-226578). |
| (8) | Incorporated by reference from Registrant's Report on Form 10-Q filed with the SEC on August 3, 2020 (Registration No. 000-17795). |
| (9) | Incorporated by reference to Exhibit 1 to the Registrant’s Definitive Proxy Statement filed with the SEC on June 3, 2020 (Registration No. 000-17795). |
| (10) | Incorporated by reference from Registrant’s Report on Form 8-K filed with the SEC on July 8, 2021 (Registration No. 000-17795). |
| (11) | Incorporated by reference from Registrant’s Report on Form 10-Q filed with the SEC on July 28, 2021 (Registration No. 000-17795). |
| (12) | Incorporated by reference from Registrant’s Report on Form 8-K filed with the SEC on March 25, 2022 (Registration No. 000-17795). |
| (13) | Incorporated by reference to Exhibit 1 to the Registrant’s Definitive Proxy Statement filed with the SEC on June 2, 2022 (Registration No. 000-17795). |
| (14) | Incorporated by reference from Registrant’s Report on Form 8-K filed with the SEC on March 22, 2023 (Registration No. 000-17795). |
| (15) | Incorporated by reference from Registrant’s Report on Form 10-Q filed with the SEC on November 2, 2023 (Registration No. 000-17795). |
| (16) | Incorporated by reference from Registrant’s Report on Form 10-K filed with the SEC on May 24, 2024 (Registration No. 000-17795). |
| (17) | Incorporated by reference from Registrant’s Report on Form 10-Q filed with the SEC on February 4, 2025 (Registration No. 000-17795). |
| (18) | Incorporated by reference from Registrant’s Report on Form 10-K filed with the SEC on May 24, 2024 (Registration No. 000-17795). |
| (19) | Incorporated by reference to Exhibit 1 to the Registrant’s Definitive Proxy Statement filed with the SEC on June 3, 2024 (Registration No. 000-17795). |
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