Skyworks approves FY2023 Executive Incentive Plan with semi-annual revenue and non-GAAP operating income goals

SKYWORKS SOLUTIONS, INC.

CEO eligible for cash incentive of 160% of base salary at target; max 2x target.
CFO eligible for 100%; other named execs (SVP Technology, SVP Sales, SVP GC) eligible for 80%.
Incentive based on semi-annual revenue and non-GAAP operating income goals set by Compensation Committee.
First half payouts capped at 100% of target; excess held back until fiscal year-end if minimum met.
Committee may settle awards in common stock instead of cash.

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