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QuickLogic appoints Ron Shelton to Board of Directors as Chair of Audit Committee.
ByAinvest
Wednesday, Aug 13, 2025 7:37 am ET1min read
QuickLogic Corporation has appointed Ron Shelton to its Board of Directors, effective August 7, 2025. Shelton, a seasoned executive with 25 years of financial and operational leadership experience, will also serve as Chair of the Audit Committee. He has held CFO roles at several notable companies, including Syntiant Corp., Navitas Semiconductor, Adesto Technologies, GigOptix, and Cirrus Logic.
QuickLogic Corporation (NASDAQ: QUIK) has appointed Ron Shelton to its Board of Directors, effective August 7, 2025. Shelton, a seasoned executive with over 25 years of financial and operational leadership experience, will also serve as Chair of the Audit Committee. His appointment comes as QuickLogic aims to strengthen its financial oversight as the company expands its embedded FPGA solutions and AI/ML technologies business.Shelton currently serves as the CFO of Syntiant Corp. Prior to this role, he held CFO positions at Navitas Semiconductor, Adesto Technologies, GigOptix, and Cirrus Logic. His extensive background in financial and operational leadership positions him well to contribute to QuickLogic's strategic direction and financial oversight.
This appointment follows recent financial results for QuickLogic, which reported a quarterly adjusted loss of 9 cents per share for the quarter ended June 30, 2025, down from the same quarter last year when the company reported EPS of -5 cents. Revenue fell 10.7% to $3.69 million from a year ago, while analysts expected $4.00 million. Despite the financial setbacks, the company's shares have seen a 6.3% decline this quarter and a 48.9% loss so far this year [1].
The appointment of Shelton is expected to provide strategic guidance and financial oversight as QuickLogic continues to navigate the competitive semiconductor market. Analysts have maintained a "buy" rating for the company, with the median 12-month price target at $9.10, about 36.6% above its last closing price of $5.77 [1].
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3U4230:0-quicklogic-corp-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[2] https://www.stocktitan.net/news/QUIK/quick-logic-appoints-ron-shelton-to-board-of-k14jaivy5glz.html
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