NXP appoints Bill Betz as CFO effective Oct 12, replacing retiring Peter Kelly

NXP Semiconductors N.V.

Bill Betz named EVP and CFO, effective October 12, 2021; promoted from SVP Business Finance.
Base salary $450,000; annual incentive target 80% of base; LTI grant of $2.5M (30% RSUs, 70% PSUs).
Peter Kelly steps down as CFO but remains EVP until retirement on February 28, 2022, providing transition support.
Severance: 12 months' salary plus pro rata bonus (without cause); 24 months' salary and bonus plus 12 months benefits (change in control).
Employment agreement includes 12-month non-compete and non-solicitation restrictions.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Peter Kelly

Chief Financial Officer

NXPI · NXP Semiconductors N.V.

Effective: 2021-10-12
Successor: Bill Betz
Filed: October 12, 2021, 7:59 PM ET

Effective October 12, 2021, upon Mr. Betz’s appointment, Mr. Kelly has stepped down from his role as Chief Financial Officer.

Appointed

Bill Betz

Executive Vice President and Chief Financial Officer

NXPI · NXP Semiconductors N.V.

Effective: 2021-10-12
Filed: October 12, 2021, 7:59 PM ET

On October 12, 2021, NXP Semiconductors N.V. (the “Company”) announced that Bill Betz, formerly the Company’s Senior Vice President, Business Finance, had been named as Executive Vice President and Chief Financial Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Kelly changed role as Chief Financial Officer at NXP Semiconductors N.V..

Action: stepped down
Role: Chief Financial Officer

Exact text from the filing

Effective October 12, 2021, upon Mr. Betz’s appointment, Mr. Kelly has stepped down from his role as Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bill Betz was appointed as Executive Vice President and Chief Financial Officer at NXP Semiconductors N.V..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On October 12, 2021, NXP Semiconductors N.V. (the “Company”) announced that Bill Betz, formerly the Company’s Senior Vice President, Business Finance, had been named as Executive Vice President and Chief Financial Officer, effective immediately.

View on SEC.gov

NXP Semiconductors N.V. filing history →

Source: SEC EDGAR

accession 0001413447-21-000082

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