CREE - Cree, Inc.

NasdaqGS - NasdaqGS Delayed Price. Currency in USD

Cree, Inc.

4600 Silicon Drive
Durham, NC 27703
United States
919-407-5300
http://www.cree.com

SectorTechnology
IndustrySemiconductor Equipment & Materials
Full Time Employees6,039

Key Executives

NameTitlePayExercisedAge
Mr. Michael E. McDevittExec. VP & CFO463.9kN/A54
Mr. Gregg A. LowePres, CEO & DirectorN/AN/A55
Dr. John W. Palmour Ph.D.Founder and Chief Technology Officer of Advanced DevicesN/AN/A57
Mr. Raiford Garrabrant CFADirector of Investor RelationsN/AN/AN/A
Mr. Bruce RenouardSr. VP of Sales and Bus. Devel.N/AN/A57
Amounts are as of December 31, 2017 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. Its Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. This segment sells its products to distributors, retailers, and customers. The company's LED Products segment provides blue and green LED chip products for use in various applications, including video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. Its Wolfspeed segment provides silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. This segment also offers SiC-based power products consisting of SiC Schottky diodes, metal se oxide miconductor field-effect transistors, power modules, and gate driver boards for use in power supplies used in computer servers, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment provides gallium nitride (GaN) die, high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs) for military, telecom, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. Cree, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.

Corporate Governance

Cree, Inc.’s ISS Governance QualityScore as of January 1, 2018 is 3. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 3; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.