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

On January 20, 2022, the Compensation and Human Resources Committee of the Board of Directors of Cirrus Logic, Inc. ("Company") approved certain amendments to the Cirrus Logic, Inc. Executive Severance and Change of Control Plan ("Severance Plan"). The Company's Chief Executive Officer ("CEO"), and those employed at the level of Vice President or above who report directly to the CEO, participate in the Severance Plan.

The material changes to the Severance Plan, adopted in amended and restated form on January 20, 2022, are summarized as follows, with capitalized terms being defined in the Severance Plan:

•In the event of an Eligible Executive's termination of employment in connection with a Change of Control, the portion of the lump sum cash payment referencing a bonus is modified to provide 100% of the Eligible Executive's annual target bonus amount as of the Termination Date (in the case of the Chief Executive Officer, 200%) and, if not already provided for in an applicable bonus plan, a prorated target bonus amount corresponding to the amount of time elapsed under the current bonus period as of the Termination Date;

•In the event of an Eligible Executive's termination of employment in connection with a Change of Control, the portion of the lump sum cash payment referencing COBRA coverage is modified to provide, in the case of the CEO, a lump sum cash payment equal to a reasonable estimate of such coverage for eighteen months;

•In the event of an Eligible Executive's termination of employment other than for Cause or in connection with a Change of Control, the portion of the lump sum cash payment referencing COBRA coverage is modified to provide a lump sum cash payment equal to a reasonable estimate of such coverage for six months, and in the case of the CEO twelve months;

•A recoupment provision is added to the Severance Plan, which provides that if, after the Termination Date, the Company discovers the Eligible Executive had engaged in acts or omissions that meet the definition of Cause, then the Plan Administrator may cease any further payments or benefits pursuant to the Severance Plan and is entitled to recoup, for the benefit of the Company, any payments or benefits already provided under the Severance Plan, plus interest at the then-prevailing prime rate; and

•The definitions of Cause and Good Reason are updated and clarified to specify additional circumstances meeting the definition of Cause and to exclude certain circumstances that would be excluded from the definition of Good Reason.

The foregoing description is only a summary and is qualified in its entirety by reference to the full text of the Severance Plan, a copy of which is attached as Exhibit 10.1 to this report and is incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Description

Exhibit 10.1 Cirrus Logic, Inc. Executive Severance and Change of Control Plan, as amended and restated on January 20, 2022 Exhibit 104 Cover Page Interactive Data File (formatted as Inline XBRL)

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