UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective as of January 5, 2026, Ambiq Micro, Inc. (the “Company”) increased the size of the Company’s Board of Directors (the “Board”) from six to seven directors and appointed Dr. Bernard B. Banks to fill the newly created directorship. Dr. Banks will serve as a Class III director until the Company’s 2028 annual meeting of stockholders, at which time he is expected to stand for election by the Company’s stockholders. Dr. Banks was appointed by the Board to serve as a member of the Audit Committee of the Board.
Dr. Banks is the Director of Rice University’s Doerr Institute for New Leaders where he oversees leader development initiatives for all Rice University students. Prior to joining the Doerr Institute in January 2024, he served on the senior leadership team and faculty at Northwestern University’s Kellogg School of Management for six years. A former career military officer who led organizations ranging in size from 10 to over 3000 people, Dr. Banks served on active duty in the United States Army for 29 years and retired with the rank of Brigadier General. Dr. Banks earned his Ph.D. in social-organizational psychology from Columbia University. He also holds graduate degrees from Northwestern University (MBA), Harvard University (MPA), Central Michigan University (MSS), US Army War College (MSS), and Columbia University (MA and MPhil).
Dr. Banks will be compensated on the same basis as all other non-employee directors of the Company, as described in the Company’s Non-Employee Director Compensation Policy, a copy of which was filed as Exhibit 10.2 to the Company’s Amendment No. 1 to Form S-1 filed with the Securities and Exchange Commission on July 21, 2025, as amended from time to time.
Dr. Banks has entered into an indemnification agreement with the Company, in the form previously entered into by the Company with its current directors, a copy of which was filed as Exhibit 10.1 to the Company’s Amendment No. 1 to Form S-1 filed with the Securities and Exchange Commission on July 21, 2025.
No family relationships exist between Dr. Banks and any of the Company’s other directors or executive officers. There are no arrangements or understandings pursuant to which Dr. Banks was appointed as a director, and there are no related party transactions between the Company and Dr. Banks reportable under Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: January 8, 2026 | Ambiq Micro, Inc. | |||||
| By: | /s/ Michele Connors | |||||
| Michele Connors | ||||||
| General Counsel | ||||||