secwatch.observer — SEC 8-K summary
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Issuer:     SKYWORKS SOLUTIONS, INC. (SWKS)
CIK:        0000004127
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0000004127-23-000019
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Skyworks renews CEO and NEO severance agreements with extended terms
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- CEO Liam Griffin's new severance agreement effective May 10, 2023; initial 2-year term with annual renewal.
- NEOs (Sennesael, Kasnavi, Bori, Terry) entered amended severance agreements; post-CIC window extended to 24 months.
- Griffin severance unchanged: 2x salary+bonus (non-CIC), 2.5x (CIC), full equity acceleration on CIC.
- NEO non-CIC severance: 12 months biweekly continuation; CIC: 1.5x salary+bonus lump sum + equity acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4127/000000412723000019/0000004127-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4127/000000412723000019/swks-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000004127-23-000019

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