Short answer
Credo Technology Group Holding Ltd (CRDO) filed an 8-K current report with the SEC on June 1, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers). FY2026 results covered year ended May 2, 2026.
Credo Technology Group Holding Ltd 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- FY2026 results covered year ended May 2, 2026
- Press release issued June 1, 2026, with financial details furnished as Exhibit 99.1
- Results announcement provides the basis for evaluating Credo’s annual performance and outlook
Item 5.02 · Departure/Election of Directors or Officers
- CEO William Brennan awarded 1,437,000 performance-based PSUs, vesting across six 239,500-share tranches through June 30, 2031
- Hurdles require revenue from $2.5B to $7.5B and sustained stock prices from $244.70 to $489.40
- Achieving $5B revenue automatically earns the first 479,000 shares despite stock-price hurdles
- One-time award intended as Brennan’s only equity grant for approximately five years, strengthening retention incentives
- Unvested awards generally forfeit upon departure, while change-in-control treatment depends on transaction price and continued service
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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