[8-K] QuickLogic Corp Reports Material Event

Rhea-AI Filing Summary

Constellation Brands, Inc. (STZ) – Form 4 insider filing dated 07/14/2025

Non-Executive Chair and Director Christopher J. Baldwin reported the vesting and settlement of 503 Restricted Stock Units (RSUs) on 07/10/2025 (transaction code M). Each RSU converted into one share of Class A common stock at no cost, increasing his directly owned stake to 2,711 shares.

Indirect holdings remain unchanged at 32 shares (15 held by his spouse and 17 held in two family trusts). All previously outstanding RSUs involved in this filing were fully settled, leaving zero derivative securities outstanding for Baldwin.

• No open-market purchase or sale was disclosed; the activity reflects routine equity compensation vesting.
• The transaction does not affect company operations or financials, but modestly aligns board leadership incentives with shareholder value through additional share ownership.

Positive

• Increase in insider ownership: Chair Christopher J. Baldwin’s direct stake rose by 503 shares to 2,711, modestly enhancing alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU vesting – 503 shares added; negligible impact on STZ valuation.

Mr. Baldwin’s Form 4 shows settlement of 503 RSUs into common stock, boosting his direct stake to 2,711 shares. The code M classification confirms a conversion of previously granted equity, not an open-market purchase, so cash outlay and market-signal value are limited. Aggregate ownership—including spouse and trusts—totals 2,743 shares, still immaterial versus STZ’s ~192 m outstanding shares. The filing has no balance-sheet effect and does not alter governance structure, but it modestly tightens alignment of the chair’s incentives with shareholders. Overall investor impact is neutral.

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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) July 11, 2025

 

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 $0.001 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.

 

QuickLogic Corporation (the “Company”) deeply regrets to announce that Ms. Christine Russell, a member of the Company’s Board of Directors since 2005, unexpectedly passed away July 11, 2025. The Company issued a press release, attached as Exhibit 99.1 hereto, in appreciation of Ms. Russell’s long-term and dedicated service to the Company.

 

Mr. Farese and Ms. Kim will remain as members of the Audit Committee and Mr. Gary Tauss will rejoin the Audit Committee as a member in light of Ms. Russell’s passing. At the current time, Mr. Farese will serve as the chairperson for the Audit Committee.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

   

	Exhibit Number		Description
*	99.1		Press Release of the Company, dated July 14, 2025
	104		Cover Page Interactive Data File (embedded within the Inline XBRL document)
*	Filed herewith.

 

2

 

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: July 14, 2025		QuickLogic Corporation
		/s/ Elias Nader
		Elias Nader Chief Financial Officer and Senior Vice-President, Finance (Principal Financial Officer)

 

FAQ

How many Constellation Brands shares did Christopher J. Baldwin acquire on 07/10/2025?

He received 503 shares of Class A common stock upon RSU vesting.

What is Baldwin’s total direct ownership in STZ after the transaction?

His direct holding is now 2,711 shares.

What does transaction code "M" mean on Form 4 for STZ?

Code M signifies the conversion or exercise of derivative securities, in this case RSUs converting to common shares.

How many Constellation Brands shares does Baldwin hold indirectly?

He indirectly controls 32 shares—15 via his spouse and 17 via family trusts.

Were any derivative securities left outstanding after the RSU conversion?

No. The filing shows zero RSUs remaining following settlement.