Pantas Sutardja
Director at CRDO
Board
About Pantas Sutardja
Pantas Sutardja, age 62, is an independent director of Credo Technology Group (CRDO) and has served on the Board since 2015 (Class II) . He is the founder and Chief Executive Officer of LatticeWork Inc. (since 2013) and previously co-founded Marvell, serving from VP of Engineering to Chief Technology Officer and as a director (1995–2013); he holds B.S., M.S., and Ph.D. degrees in Electrical Engineering and Computer Science from UC Berkeley .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Marvell Technology Group Ltd. | Co-founder; VP Engineering → Chief Technology Officer; Director | Jan 1995–Feb 2014 (executive roles); Director 1995–2013 | Technology leadership; board service |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| LatticeWork Inc. | Founder & Chief Executive Officer | 2013–present | Consumer electronics |
Board Governance
- Independence: Independent Director, Class II; director since 2015 .
- Committee assignments: Nominating & Corporate Governance Committee (NCG) member; not on Audit or Compensation .
- Committee chairs: NCG Chair – Sylvia Acevedo; Audit Chair – Clyde Hosein; Compensation Chair – Manpreet Khaira .
- Lead Independent Director: Sylvia Acevedo (appointed April 2025) .
- Board meeting attendance: Board held 4 meetings in FY2025; each current director attended at least 75% of Board and committee meetings; independent directors met regularly in executive session .
- Committee activity FY2025: Audit 8 meetings (+1 written consent), Compensation 4 meetings (+11 written consents), NCG 5 meetings .
- Cybersecurity oversight: NCG Committee has overall oversight of cybersecurity program; Audit Committee oversees disclosures on cybersecurity risks/incidents .
Fixed Compensation
Director fee program (FY2025):
| Component | Amount (USD) | Notes |
|---|---|---|
| Board annual retainer | $50,000 | Paid quarterly in arrears |
| Audit Committee Chair | $20,000 | Annual retainer |
| Compensation Committee Chair | $15,000 | Annual retainer |
| NCG Committee Chair | $10,000 | Annual retainer |
| Audit Committee Member | $10,000 | Annual retainer |
| Compensation Committee Member | $7,500 | Annual retainer |
| NCG Committee Member | $5,000 | Annual retainer |
Pantas Sutardja – FY2025 actual:
| Fiscal Year | Fees Earned (Cash) | Stock Awards (Grant-Date Fair Value) | Total |
|---|---|---|---|
| 2025 | $50,417 | $292,956 | $343,372 |
Performance Compensation
Annual equity for continuing non-employee directors (post-AGM):
| Parameter | FY2025 Value | Details |
|---|---|---|
| Annual RSU grant value | $175,000 | Granted at first Compensation Committee meeting after 2024 AGM; priced at $39.70 closing price; vests at earlier of 1-year anniversary or date of 2025 AGM, subject to continued service |
| Price used for unit calculation | $39.70 | Closing price after 2024 AGM |
| Approximate units per $175k grant | ~4,408 | Matches outstanding RSUs disclosed for directors (incl. Pantas) |
| Vesting schedule | Time-based | Earlier of 1-year or next AGM; no performance metrics |
| Pantas FY2025 reported stock award fair value | $292,956 | Aggregate grant-date fair value under ASC 718 |
No performance-based metrics apply to director RSUs; awards are time-based vesting only .
Other Directorships & Interlocks
| Company | Current/Prior | Role | Interlocks/Notes |
|---|---|---|---|
| Marvell Technology Group Ltd. | Prior | Director (1995–2013) | Prior public company board; no current public boards disclosed in biography |
| — | Current | — | No compensation committee interlocks for CRDO’s Compensation Committee (members: Hosein, Khaira, Acevedo) in FY2025; Pantas is not a member |
Expertise & Qualifications
- Deep semiconductor technology leadership (co-founder/CTO of Marvell; founder/CEO of LatticeWork) .
- Advanced technical education (B.S., M.S., Ph.D. EECS, UC Berkeley) supporting board technology oversight .
- Board governance experience (multi-decade public company board service at Marvell) .
Equity Ownership
| Metric | Value | Notes |
|---|---|---|
| Shares beneficially owned | 5,894,244 | Includes 5,890,494 shares outstanding + 3,750 RSUs vesting within 60 days of July 31, 2025 |
| Ownership % of shares outstanding | 3.41% | Based on 172,914,100 shares outstanding as of July 31, 2025 |
| RSUs vesting within 60 days (beneficial ownership calc) | 3,750 | Counted per SEC rules |
| RSUs outstanding at FY2025-end | 4,408 | Non-employee director RSUs |
| Stock ownership guidelines (directors) | 4× annual cash retainer; 4-year compliance window; unvested/unearned awards excluded | |
| Hedging/pledging policy | Prohibits hedging and pledging (incl. margin accounts) for directors/employees |
Governance Assessment
- Alignment: Significant personal stake (3.41%) suggests skin-in-the-game and alignment with shareholder outcomes .
- Independence and roles: Independent director; serves on NCG Committee (which oversees governance and cybersecurity), supporting board effectiveness; not on Compensation or Audit, limiting potential pay/financial oversight conflicts .
- Attendance: Met CRDO’s attendance threshold (≥75%) in FY2025; Board held 4 meetings, with regular executive sessions of independent directors—indicative of active oversight .
- Compensation structure: Director pay is primarily fixed cash retainer plus time-based RSUs; RSU vesting tied to service, not performance metrics—market-standard structure for directors .
- Ownership discipline: New stock ownership guidelines (4× cash retainer for directors) and anti-hedging/pledging policy strengthen alignment and reduce risk-taking incentives .
- Conflicts/related-party: No related-party transactions involving Pantas disclosed for FY2025; registration rights exist for certain holders but no director-specific conflict noted for him .
- Shareholder sentiment: Prior “Say-on-Pay” approval was ~88% in FY2024 for executives, signaling broad investor support of pay practices and governance framework .
RED FLAGS: None disclosed for this director in FY2025 (no pledging, no related-party transactions, attendance above threshold) .