leadership
confidence high
sentiment neutral
materiality 0.65
Synaptics appoints Rahul Patel as President and CEO, effective June 2, 2025
SYNAPTICS Inc
- Patel previously SVP/Group GM at Qualcomm's Connectivity, Broadband & Networking Group; 13 years at Broadcom.
- Interim CEO Ken Rizvi returns to CFO role; Patel also joins Board of Directors.
- Compensation: $800k base salary, 125% bonus target, $1.85M sign-on cash bonus subject to clawback.
- Equity awards valued at $15M ($10M + $5M make-whole RSUs) with multi-year vesting schedules.
- Severance provides 1.5x salary (without cause/good reason) or 2x salary plus 200% bonus on change-in-control.
item 5.02item 7.01item 9.01