---
schema_version: "secwatch.filing_event.v1"
accession: "0001413447-21-000082"
form_type: "8-K"
ticker: "NXPI"
cik: "0001413447"
company_name: "NXP Semiconductors N.V."
filed_at: "2021-10-12T23:59:59+00:00"
generated_at: "2026-06-28T21:23:35.053476+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001413447-21-000082
- form_type: 8-K
- ticker: NXPI
- cik: 0001413447
- company_name: NXP Semiconductors N.V.
- filed_at: 2021-10-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413447/000141344721000082/0001413447-21-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413447/000141344721000082/nxpi-20211012.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001413447-21-000082
- JSON: https://secwatch.observer/filing/0001413447-21-000082.json
- Plain text: https://secwatch.observer/filing/0001413447-21-000082.txt

## Key facts
- Executive change
  Peter Kelly changed role as Chief Financial Officer at NXP Semiconductors N.V..
  - Action: stepped down
  - Role: Chief Financial Officer
  source text: Effective October 12, 2021, upon Mr. Betz’s appointment, Mr. Kelly has stepped down from his role as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413447/000141344721000082/0001413447-21-000082-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413447/000141344721000082/0001413447-21-000082-index.htm

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