secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0000950103-24-006908
Event type: litigation
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qorvo wins $38.5M verdict against Akoustis in trade-secret, patent case
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- Jury found Akoustis willfully misappropriated Qorvo BAW filter trade secrets and infringed patents; $31.5M compensatory, $7M punitive damages awarded.
- Verdict enables Qorvo to pursue injunction against Akoustis products; case originally filed October 2021.
- Compensation committee approved FY2025 PBRSUs for NEOs; ~75% tied to performance objectives, ~25% to gross margin objectives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000095010324006908/0000950103-24-006908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000095010324006908/dp211397_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-006908

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