UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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.
On November 22, 2025, in connection with the planned merger between Qorvo, Inc. (the “Company”) and Skyworks Solutions, Inc. (“Skyworks”), the Compensation Committee of the Board of Directors of the Company approved the Company’s entry into a retention bonus agreement with Grant A. Brown, the Company’s Senior Vice President and Chief Financial Officer (the “Retention Bonus Agreement”).
Pursuant to the Retention Bonus Agreement, Mr. Brown will receive a cash retention payment in an amount equal to $986,226 (the “Retention Bonus”), sixty percent (60%) of which will be payable upon the consummation of the merger (the “Closing”) and forty percent (40%) of which will be payable upon the six-month anniversary of the Closing, in each case, subject to Mr. Brown’s continued employment through such dates. If Mr. Brown’s employment is terminated by Qorvo, Skyworks or a successor of Qorvo or Skyworks without cause or by Mr. Brown with good reason (each, as defined in the Retention Bonus Agreement) prior to a payment date, the Retention Bonus shall be payable upon such termination of employment.
The foregoing description does not purport to be complete and is subject to, and qualified in its entirety by, the full text of such arrangement, a copy of which will be attached as an exhibit to the Company’s Quarterly Report on Form 10-Q filed for the quarter ending December 27, 2025.
SIGNATURE
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.
| Qorvo, Inc. | ||
| By: | /s/ Robert A. Bruggeworth | |
| Robert A. Bruggeworth | ||
| President and Chief Executive Officer | ||
Date: November 28, 2025