secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0000950103-25-010379
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Qorvo increases severance multiples to 1.5x for most NEOs, adopts new Executive Severance Plan
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- Amended change-in-control agreements: cash severance multiple increased from 1x to 1.5x for most NEOs (CFO Grant Brown's multiple unchanged).
- COBRA coverage period extended from 12 to 18 months under change-in-control agreements.
- Performance-based equity acceleration now measured at greater of target and actual performance (previously at target).
- Adopted Executive Severance Plan for non-CIC terminations: severance equals base salary plus target bonus paid over 12 months, plus pro-rata bonus and 12-month COBRA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000095010325010379/0000950103-25-010379-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000095010325010379/dp233126_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-010379

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