Skyworks Solutions Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$SWKS
Semiconductors
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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 March 12, 2025, the Board of Directors (the “Board”) of Skyworks Solutions, Inc. (the “Registrant”), upon a March 11, 2025 recommendation of the Compensation Committee of the Board, appointed Reza Kasnavi, currently a named executive officer of the Registrant, to the new position of Executive Vice President, Chief Operations and Technology Officer of the Registrant, effective as of March 15, 2025 (the “Promotion Date”).
Mr. Kasnavi’s annual base salary will increase from $650,000 to $700,000, effective as of the Promotion Date. In addition, under the Registrant’s Fiscal Year 2025 Executive Incentive Plan (the “FY2025 EIP”) and effective as of the Promotion Date, the amount of cash incentive awards that Mr. Kasnavi will be eligible to earn if the Registrant achieves its target performance metrics for the Registrant’s 2025 fiscal year will increase from eighty percent (80%) of his prior base salary to ninety percent (90%) of his new base salary, with the opportunity to earn up to a maximum of two times the target awards to the extent the Registrant exceeds its target performance metrics in the Registrant’s 2025 fiscal year. Any cash incentive award paid to Mr. Kasnavi under the FY2025 EIP will be prorated based on the Promotion Date.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) | |||||||
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.
| Skyworks Solutions, Inc. | ||||||||
| March 14, 2025 | By: | /s/ Kris Sennesael | ||||||
| Name: | Kris Sennesael | |||||||
| Title: | Senior Vice President and Chief Financial Officer | |||||||