Littelfuse plans 2027 transition for Deepak Nayar
Littelfuse, Inc. (LFUS) reports a planned leadership transition and related employment arrangements for a senior executive.
Rhea-AI Filing Summary
Littelfuse, Inc. (LFUS) reports a planned leadership transition and related employment arrangements for a senior executive. Deepak Nayar, currently Senior Vice President and General Manager, Electronics Business, will transition on December 31, 2026 to a Special Advisor to the CEO role effective January 1, 2027 and retire at the end of 2027.
Under a Special Advisor Employment Agreement, Mr. Nayar will receive equal monthly payments during the advisory term totaling $1,004,220, consisting of his current annual base salary of $557,900 plus $446,320 representing 100% of his current 80% target Annual Incentive Plan award. He will be eligible for accelerated vesting and related treatment of outstanding long-term incentive awards, and will not receive new AIP or LTI awards during the advisory term. Littelfuse also states that, effective January 1, 2027, Karim Hamed will assume an expanded role as Senior Vice President and General Manager, CCDI Market & Electronics Segment, unifying the Electronics and Semiconductor businesses under one leadership structure.
Positive
- None.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Advisory Term Total Compensation: $1,004,220
Current Annual Base Salary: $557,900
AIP Component of Advisory Compensation: $446,320
+3 more
6 metrics
Advisory Term Total Compensation
$1,004,220
Equal monthly payments to Deepak Nayar over the Advisory Term
Current Annual Base Salary
$557,900
Base salary component of Deepak Nayar’s advisory compensation calculation
AIP Component of Advisory Compensation
$446,320
Amount representing 100% of Nayar’s current 80% target Annual Incentive Plan award
Transition Date from Current Role
December 31, 2026
Date Nayar transitions from Senior Vice President and General Manager, Electronics Business
Effective Date of Special Advisor Role and New SVP Role
January 1, 2027
Date Nayar becomes Special Advisor and Karim Hamed assumes expanded SVP and GM role
Retirement Timing
End of 2027
Targeted retirement timing for Deepak Nayar after advisory service
Key Terms
Special Advisor Employment Agreement, Annual Incentive Plan, long-term incentive, accelerated vesting, +1 more
5 terms
Special Advisor Employment Agreement financial
"the Corporation and Mr. Nayar entered into an agreement (the “Special Advisor Employment Agreement”)"
Annual Incentive Plan financial
"representing 100% of his current 80% target Annual Incentive Plan (“AIP”) award"
long-term incentive financial
"eligible for accelerated vesting and related treatment for his long-term incentive (“LTI”) awards"
Long-term incentive is a form of pay awarded to executives and key employees that vests over several years and is tied to company performance, often paid in stock or stock-linked awards. It matters to investors because it shapes management’s motivation and risk-taking, can dilute existing shares, and affects future cash flow and company governance—think of it as a multi-year performance bonus that aligns leaders’ rewards with shareholder returns.
accelerated vesting financial
"he will be eligible for accelerated vesting and related treatment for his long-term incentive"
A contract feature that makes stock awards, options, or restricted shares become owned or exercisable earlier than the original schedule. It shortens or cancels the waiting period so recipients can sell, transfer, or exercise their equity sooner — think of a timed lock that is unlocked ahead of schedule. It matters to investors because it changes when shares enter the market, who controls them, and how much dilution or ownership concentration happens.
CCDI (Computing, Communications, and Diversified Industrials) market technical
"oversee the company’s CCDI (Computing, Communications, and Diversified Industrials) market strategy"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did LFUS announce for its Electronics business?
Littelfuse announced that Deepak Nayar, Senior Vice President and General Manager, Electronics Business, will transition to Special Advisor to the CEO effective January 1, 2027 and retire at the end of 2027, concluding a career of more than 20 years at the company.
What are the key compensation terms of Deepak Nayar’s Special Advisor role at LFUS?
During the advisory term, Deepak Nayar will receive monthly payments totaling $1,004,220, made up of his current annual base salary of $557,900 plus $446,320 representing 100% of his current 80% target Annual Incentive Plan award, and will be eligible for accelerated vesting of outstanding LTI awards.
Will Deepak Nayar receive new bonus or long-term incentive awards from LFUS during the advisory term?
No. Littelfuse states that during the advisory term, Deepak Nayar will not be eligible for new Annual Incentive Plan (AIP) or long-term incentive (LTI) awards, though his existing LTI awards may receive accelerated vesting treatment in line with the agreement and award terms.
Who will lead Littelfuse’s combined Electronics and Semiconductor businesses?
Effective January 1, 2027, Dr. Karim Hamed will serve as Senior Vice President and General Manager, CCDI Market & Electronics Segment, bringing Littelfuse’s Electronics and Semiconductor businesses under a unified leadership structure and overseeing the CCDI market strategy.
What experience does Karim Hamed bring to his new role at LFUS?
Karim Hamed joined Littelfuse in 2025 as Senior Vice President and General Manager, Semiconductor Business, and has over two decades of global semiconductor industry leadership, including senior roles at Analog Devices and prior leadership and technical positions at several semiconductor companies.
Does the Littelfuse filing include the Special Advisor Employment Agreement?
Yes. Littelfuse identifies the Special Advisor Employment Agreement with Deepak Nayar as Exhibit 10.1 to the Form 8-K, and notes that the brief description of the agreement is qualified in its entirety by reference to the full exhibit text incorporated by reference.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
| WASHINGTON, D.C. 20579 | ||
FORM 8-K
| CURRENT REPORT | ||
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 10, 2026
(Date of earliest event reported)
LITTELFUSE, INC.
(Exact name of registrant as specified in its charter)
| (State of other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (773 ) 628-1000
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:
| 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 communications 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 | Name of exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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 | ||||
On September 10, 2026, Mr. Deepak Nayar advised Littelfuse, Inc. (the “Corporation”) of his intention to transition from his current role of Senior Vice President and General Manager, Electronics Business on December 31, 2026 (the “Transition Date”) to Special Advisor to the Chief Executive Officer effective January 1, 2027.
In connection with Mr. Nayar’s transition, the Corporation and Mr. Nayar entered into an agreement (the “Special Advisor Employment Agreement”) setting forth terms and certain related compensation arrangements. Pursuant to the Special Advisor Employment Agreement, Mr. Nayar will receive for the Advisory Term (as defined in the Special Advisor Employment Agreement) equal monthly payments totaling $1,004,220 (consisting of Mr. Nayar’s current annual base salary of $557,900 plus $446,320 (representing 100% of his current 80% target Annual Incentive Plan (“AIP”) award)) and he will be eligible for accelerated vesting and related treatment for his long-term incentive (“LTI”) awards remaining outstanding upon his retirement from the Company at the end of the Advisory Term (or as otherwise resulting under the operation of the Special Advisor Employment Agreement) in accordance with the terms and conditions of such awards. During the Advisory Term, Mr. Nayar will not be eligible for new AIP or LTI awards.
The foregoing description of the Special Advisor Employment Agreement does not purport to be complete, and is qualified in its entirety by reference to the full text of the Special Advisor Employment Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits.
| Exhibit No. | Description | ||||
| 10.01 | Special Advisor Employment Agreement | ||||
| 99.1 | Press Release, dated September 16, 2026 | ||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| Littelfuse, Inc. | |||||
| Date: September 16, 2026 | By: /s/ Anne-Marie D’Angelo | ||||
| Name: Anne-Marie D'Angelo | |||||
| Senior Vice President, Chief Legal Officer and Corporate Secretary | |||||
FOR IMMEDIATE RELEASE
David Kelley
224-727-2535
dkelley@littelfuse.com
dkelley@littelfuse.com
Littelfuse Announces Senior Leadership Transition
•Deepak Nayar to transition to Special Advisor to the CEO role, ahead of his retirement at the end of 2027 following a distinguished career
•Dr. Karim Hamed to lead combined Electronics and Semiconductor businesses to drive long-term growth and operational efficiencies
Chicago, September 16, 2026 — Littelfuse, Inc. (NASDAQ: LFUS), a leader in developing smart solutions that enable safe and efficient electrical energy transfer, today announced that Deepak Nayar, Senior Vice President and General Manager, will retire at the end of 2027 following a distinguished career spanning more than 20 years at Littelfuse.
Effective January 1, 2027, Dr. Karim Hamed will assume the expanded role of Senior Vice President and General Manager, CCDI Market & Electronics Segment, while Deepak Nayar will transition to a Special Advisor to the CEO role. In this new role, Dr. Hamed will bring the complementary Electronics and Semiconductor businesses under a unified leadership structure and oversee the company’s CCDI (Computing, Communications, and Diversified Industrials) market strategy, with a focus on deepening customer partnerships, strengthening go-to-market execution, and identifying opportunities for long-term growth and operational efficiencies.
“Deepak has been an exceptional leader and valued member of the Littelfuse leadership team,” said Greg Henderson, President and Chief Executive Officer. “Throughout his tenure, he has played a pivotal role in driving our growth strategy while expanding our global market presence across our broad customer base. We are deeply grateful for his many contributions and look forward to his thought leadership and guidance in key strategic areas that support our long-term growth.”
Henderson continued, “Karim is a proven leader with deep industry expertise, strong customer relationships, and a track record of delivering results. His operational experience and strategic perspective make him exceptionally well suited to uniting our Electronics and Semiconductor businesses for their next phase of expansion. I am confident he will continue to advance our strategy, drive innovation, and unlock enhanced value for our customers and shareholders.”
Dr. Hamed joined Littelfuse in 2025 as Senior Vice President and General Manager, Semiconductor Business. He brings more than two decades of global leadership experience in the semiconductor industry. Prior to joining Littelfuse, Dr. Hamed was at Analog Devices, where he served as Corporate Vice President, Industrial and Healthcare Business Group. Previously, he served as Vice President, Industrial Instrumentation Business Unit, and General Manager, Microwave Communications Group. Dr. Hamed also served in various leadership and technical roles at Hittite Microwave Corporation, TriQuint Semiconductor, and Mimix Broadband.
About Littelfuse
Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 18,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation, and electronics end markets, everywhere, every day. Learn more at Littelfuse.com.
LFUS-F
# # #