San Jose, California, USA, October 6, 2026 / PRNewswire / -- QuickLogic Corporation (Nasdaq ticker: QUIK, hereinafter referred to as “QuickLogic” or “the Company”) announced today that the Company’s Board of Directors Compensation Committee has granted James Sullivan 51,502 restricted stock units of the Company’s common stock as an incentive (“New Employee RSU”). James Sullivan is the Company’s new Senior Vice President and Chief Financial Officer.
The company stated that this reward was previously announced on September 21, 2026, and was granted by the Compensation Committee on October 5, 2026, as an important incentive to encourage Sullivan to sign an employment agreement with the company, in accordance with NASDAQ listing rule 5635(c)(4).
These new employees RSU will be granted outside of the company's 2019 equity incentive plan and will become vested over a period of three years: one-third of them will become vested on October 5, 2027, and thereafter, one-sixth will vest every six months, provided that Sullivan continues to be employed by the company.
About QuickLogic
QuickLogic Corporation is a fabless semiconductor company that specializes in embedded FPGA ( eFPGA ) Hard IP, strategic radiation hardening, and anti-fuse FPGA, as well as hardened programmable logic solutions. QuickLogic's unique approach combines cutting-edge technology with open-source tools to provide highly customizable, low-power solutions for the aerospace and defense, industrial, computing, and consumer markets. For more information, please visit www.quicklogic.com.
“QuickLogic” and its registered trademark identified as “QuickLogic”. All other trademarks are the property of their respective owners and should be handled in accordance with the corresponding rights ownership.
