---
schema_version: "secwatch.filing_event.v1"
accession: "0001413447-25-000027"
form_type: "8-K"
ticker: "NXPI"
cik: "0001413447"
company_name: "NXP Semiconductors N.V."
filed_at: "2025-04-28T23:59:59+00:00"
generated_at: "2026-05-23T04:51:37.051568+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NXP Q1 revenue $2.84B (-9% YoY); CEO Sievers to retire Oct 2025, Sotomayor named successor.

## Summary
- Revenue $2.84B, down 9% YoY; GAAP diluted EPS $1.92, non-GAAP diluted EPS $2.64.
- CEO Kurt Sievers to retire Oct 28, 2025; will serve as advisor through Dec 31, 2025.
- Rafael Sotomayor appointed President effective Apr 28, 2025, CEO effective Oct 28, 2025. Base salary $800k, target bonus 110%.
- Q1 operating cash flow $565M, capex $138M, non-GAAP FCF $427M. Capital return $561M (131% of FCF).
- Announced Kinara acquisition ($307M all-cash, expected H1 2025 close) and €1B EIB loan at 4.54% for 6 years.

## SEC filing metadata
- accession: 0001413447-25-000027
- form_type: 8-K
- ticker: NXPI
- cik: 0001413447
- company_name: NXP Semiconductors N.V.
- filed_at: 2025-04-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1413447/000141344725000027/0001413447-25-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1413447/000141344725000027/nxpi-20250428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001413447-25-000027
- JSON: https://secwatch.observer/filing/0001413447-25-000027.json
- Plain text: https://secwatch.observer/filing/0001413447-25-000027.txt

## Key facts
- Executive change
  Kurt Sievers retired as President at NXP Semiconductors N.V..
  - Action: retired
  - Role: President
  source text: appointed Rafael Sotomayor to succeed Mr. Sievers as President, effective April 28, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413447/000141344725000027/0001413447-25-000027-index.htm
- Executive change
  Rafael Sotomayor was appointed as President at NXP Semiconductors N.V..
  - Action: appointed
  - Role: President
  source text: appointed Rafael Sotomayor to succeed Mr. Sievers as President, effective April 28, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413447/000141344725000027/0001413447-25-000027-index.htm
- Executive change
  Kurt Sievers retired as Chief Executive Officer at NXP Semiconductors N.V..
  - Action: retired
  - Role: Chief Executive Officer
  source text: Mr. Kurt Sievers, the CEO and President of NXP Semiconductors N.V. (the “Company”), provided notice that he would voluntarily retire as CEO and executive director of the Company on October 28, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413447/000141344725000027/0001413447-25-000027-index.htm
- Executive change
  Rafael Sotomayor was appointed as Chief Executive Officer at NXP Semiconductors N.V..
  - Action: designated
  - Role: Chief Executive Officer
  source text: designated Mr. Sotomayor as CEO and temporary executive director of the Company effective as of October 28, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1413447/000141344725000027/0001413447-25-000027-index.htm

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