---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-009393"
form_type: "8-K"
ticker: "NTGR"
cik: "0001122904"
company_name: "NETGEAR, INC."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T12:53:34.257097+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NETGEAR CEO Patrick Lo retires, CJ Prober named CEO; Q4 rev seen $179-$189M

## Summary
- CEO Patrick Lo retires; Charles (CJ) Prober appointed CEO and board member effective Jan 31, 2024.
- Lo to serve as strategic advisor through July 2024; receives $102,917/month consulting fee, $800K bonus, accelerated RSUs.
- Prober receives $750K base salary, 120% target bonus, equity awards valued at $13M (time- and performance-based).
- Preliminary Q4 revenue $179M-$189M (prior guidance $175M-$190M); non-GAAP op margin 0%-1.5% vs prior -2%-1%.
- Strong demand for Orbi WiFi 7 drove CHP segment; SMB weighed by macro headwinds (high rates, geopolitical).

## SEC filing metadata
- accession: 0000950170-24-009393
- form_type: 8-K
- ticker: NTGR
- cik: 0001122904
- company_name: NETGEAR, INC.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1122904/000095017024009393/0000950170-24-009393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1122904/000095017024009393/ntgr-20240126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-009393
- JSON: https://secwatch.observer/filing/0000950170-24-009393.json
- Plain text: https://secwatch.observer/filing/0000950170-24-009393.txt

## Key facts
- Earnings Releases
  NETGEAR, INC. reported fourth fiscal quarter ended December 31, 2023 results: revenue $179 million and $189 million. Guidance reaffirmed.
  - Period: fourth fiscal quarter ended December 31, 2023
  - Revenue: $179 million and $189 million
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: NETGEAR currently expects net revenue for the fourth quarter of 2023 to be between $179 million and $189 million, compared to prior guidance of $175 million to $190 million for the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1122904/000095017024009393/0000950170-24-009393-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.