Item 1.01. Entry into a Material Definitive Agreement.

On May 5, 2023, the Board of Directors (the "Board") of Lattice Semiconductor Corporation. (the "Company") approved a revised form of indemnification agreement (the "Indemnification Agreement") to be entered into between the Company and each of its directors and officers. The new form Indemnification Agreement supersedes the Company's previous form of indemnification agreement.

The Indemnification Agreement provides, among other things, that the Company will indemnify the director or officer (the "Indemnitee") to the fullest extent permitted by law against all expenses and, in the case of proceedings other than those brought by or in the right of the Company, judgments, fines and amounts paid in settlement actually and reasonably incurred by or on the Indemnitee's behalf, in each case, in connection with proceedings in which the Indemnitee is involved by reason of any action taken or failure to act while serving as a director or officer of the Company, or of another enterprise at the request of the Company, provided that the Indemnitee acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. The Company will also indemnify the Indemnitee to the fullest extent permitted by law against all expenses actually and reasonably incurred by or on the Indemnitee's behalf in connection with any such proceeding or defense, in whole or in part, to which the Indemnitee is a party or participant and in which the Indemnitee is successful.

In addition, and subject to certain limitations, the Indemnification Agreement provides for the advancement of expenses incurred by the Indemnitee in connection with any proceeding not initiated by the Indemnitee (subject to limited exceptions), and the reimbursement to the Company of the amounts advanced (without interest) to the extent that it is ultimately determined that the Indemnitee is not entitled to be indemnified by the Company.

The Indemnification Agreement does not exclude any other rights to indemnification or advancement of expenses to which the Indemnitee may be entitled, including any rights arising under applicable law, the Company's Certificate of Incorporation or Bylaws, a vote of stockholders or a resolution of directors or otherwise.

The foregoing description of the Indemnification Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the form of Indemnification Agreement, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 5, 2023, the Company held its 2023 Annual Meeting of Stockholders (the "Annual Meeting"). At the Annual Meeting, the Company's stockholders approved the Company's 2023 Equity Inventive Plan (the "2023 EIP"). The Board had previously approved the 2023 EIP subject to stockholder approval.

A description of the material terms and conditions of the 2023 EIP is contained in "Proposal Five: Approval Of The 2023 Equity Incentive Plan And The Number Of Shares For Issuance Under The 2023 Equity Incentive Plan" of the Company's definitive proxy statement for the Annual Meeting filed with the Securities and Exchange Commission (the "SEC") on March 23, 2023, as supplemented and amended by the Company's revised definitive proxy statement for the Annual Meeting filed with the SEC on April 18, 2023. That description, as amended, is incorporated into this Item 5.02 by reference. Such description does not purport to be complete and is qualified in its entirety by reference to the full text of the 2023 EIP attached as Exhibit 10.2 to this Current Report on Form 8-K and incorporated into this Item 5.02 by reference. A form of Restricted Stock Unit Award Agreement and a form of Performance Restricted Stock Unit Award Agreement approved by the Board for use with the 2023 EIP are appended to the 2023 EIP filed herewith.

Item 5.07. Submission of Matters to a Vote of Security Holders.

At the Annual Meeting on May 5, 2023, stockholders representing 129,574,149 shares, or 94.16% of the outstanding shares of common stock of the Company as of the March 10, 2023, the record date for the Annual Meeting, were present in person or by proxy. The final results of voting for each matter submitted to a vote of stockholders at the Annual Meeting are as follows.



                                       2

--------------------------------------------------------------------------------

Proposal 1: Election of Directors

Our Board is currently comprised of eight members. Each of the eight nominees for director was elected for a term of one year, and the voting results are set forth below:



       Nominee            For     Withheld  Broker Non-Votes

James R. Anderson 123,626,153 717,848 5,230,148 Robin A. Abrams 115,981,750 8,362,251 5,230,148 Douglas Bettinger 123,941,042 402,959 5,230,148 Mark E. Jensen 123,581,753 762,248 5,230,148 James P. Lederer 122,824,669 1,519,332 5,230,148 D. Jeffrey Richardson 117,877,204 6,466,797 5,230,148 Elizabeth Schwarting 123,947,901 396,100 5,230,148 Raejeanne Skillern 123,357,786 986,215 5,230,148

Proposal 2: Ratification of the appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 30, 2023

The appointment of Ernst & Young was ratified, and the voting results are set forth below:



    For     Against Abstain
129,220,674 98,772  254,703

Proposal 3: Advisory Vote to Approve Named Executive Officer Compensation

The advisory vote to approve the executive compensation of the Company's named executive officers was approved, and the voting results are set forth below:



    For      Against  Abstain Broker Non-Votes
119,878,723 4,194,736 270,542    5,230,148

Proposal 4: Advisory Vote to Approve the Frequency of Future Advisory Votes on Named Executive Officer Compensation

The 1 Year frequency for the advisory vote on the frequency of future advisory votes on executive compensation was approved, and the voting results are set forth below:

1 Year 2 Years 3 Years Abstain Broker Non-Votes 122,217,084 24,560 1,849,392 252,965 5,230,148

Based on these results and the recommendation of the Board in the proxy statement for the Annual Meeting, the Company will conduct an advisory vote on the compensation of its named executive officers once every year until such time as the next advisory vote on the preferred frequency of advisory votes on executive compensation is submitted to stockholders.

Proposal 5: Vote to approve the Company's 2023 Equity Inventive Plan and the number of shares reserved for issuance under the 2023 Equity Incentive Plan

The vote to approve the Company's 2023 Equity Inventive Plan and the number of shares reserved for issuance under the 2023 Equity Incentive Plan was approved, and the voting results are set forth below:



    For      Against  Abstain Broker Non-Votes
115,469,346 8,839,397 35,258     5,230,148



                                       3

--------------------------------------------------------------------------------

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are being furnished herewith:




Exhibit No.    Description
   10.1          Lattice Semiconductor Corporation Form of Indemnification Agreement
                 Lattice Semiconductor Corporation 2023 Equity Incentive Plan and
   10.2        related form agreements.
    104        Cover Page Interactive Data File (formatted as Inline XBRL).





                                       4

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses