secwatch.observer — SEC 8-K summary
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Issuer:     SKYWORKS SOLUTIONS, INC. (SWKS)
CIK:        0000004127
Form:       8-K
Filed at:   2022-12-16T23:59:59+00:00
Accession:  0000004127-22-000039
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4127/000000412722000039/0000004127-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4127/000000412722000039/swks-20221215.htm
  HTML page:      https://secwatch.observer/filing/0000004127-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer