Filing Analysis
QuickLogic Corporation reported the results of its 2026 Annual Stockholder Meeting held on May 7, 2026. All proposals passed, including the election of Class III directors, advisory approval of executive compensation, and ratification of the independent auditor.
📋 Key Facts
- The 2026 Annual Meeting was held on May 7, 2026, with 68.89% of total outstanding shares represented.
- Stockholders elected Brian C. Faith and Ron Shelton as Class III directors to serve until the 2029 Annual Meeting.
- The appointment of Frank, Rimerman + Co. LLP as the independent registered public accounting firm for the fiscal year ending January 3, 2027, was ratified with 12,169,394 votes in favor.
- Executive compensation was approved on a non-binding advisory basis with approximately 98.8% of the non-broker votes cast in favor (excluding abstentions).
QuickLogic Corporation reported its financial results for the first fiscal quarter ended March 29, 2026. The filing includes a press release with GAAP to non-GAAP reconciliations and standard forward-looking statement disclosures.
📋 Key Facts
- Financial results reported for the fiscal first quarter ended March 29, 2026
- Filing includes Item 2.02 (Results of Operation and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
- A conference call was held on May 12, 2026, to discuss the results
- The report was signed by Elias Nader, Chief Financial Officer and Senior Vice-President, Finance
QuickLogic Corporation entered into a $10.0 million secured revolving credit facility with Sunflower Bank, N.A. maturing in April 2029. The facility is secured by substantially all of the company's assets and is intended for working capital and general corporate purposes.
🚩 Red Flags
- The facility is secured by 'substantially all' assets, which puts the company's core intellectual property and assets at risk upon default.
- The inclusion of a specific 'Remaining Months’ Liquidity' covenant of at least seven months suggests the lender is closely monitoring the company's cash burn rate.
📋 Key Facts
- The credit facility provides up to $10.0 million in revolving credit.
- Maturity date is set for April 24, 2029.
- Interest rate is the greater of 5.50% or the Prime Rate plus 0.50%.
- The loan is secured by a first priority security interest in substantially all assets of the Company.
- Includes a liquidity covenant requiring the Company to maintain at least seven months of 'Remaining Months’ Liquidity'.
- An annual facility fee of $30,000 is required.
QuickLogic Corporation announced its fiscal fourth quarter 2025 financial results for the period ended December 28, 2025. The filing includes a press release and reconciliation of GAAP to non-GAAP financial measures.
📋 Key Facts
- Reported financial results for the fiscal fourth quarter ended December 28, 2025
- Filed under Item 2.02 (Results of Operation and Financial Condition) and Item 7.01 (Regulation FD Disclosure)
- Included a press release as Exhibit 99.1 with GAAP to non-GAAP reconciliations
- The report was signed by CFO Elias Nader on March 3, 2026