Littelfuse Inc. has announced new severance terms for Ryan K. Stafford, Executive Vice President, Mergers & Acquisitions, Chief Legal Officer, and Corporate Secretary, who will depart the company effective April 30, 2026. Under a Letter Agreement dated January 7, 2026, Stafford will receive a lump sum cash payment as per the company's Executive Severance Policy, accelerated vesting of 50% of restricted stock units granted on January 23, 2025, and a prorated cash bonus for 2026 under the Annual Incentive Plan. Additionally, certain welfare and fringe benefits will continue or be reimbursed for limited transitional periods following his departure. The agreement is subject to Stafford's execution and non-revocation of a Separation and Release Agreement.

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