Silicon Labs renews CEO and executive severance agreements through Oct 2027

SILICON LABORATORIES INC.

Compensation Committee approved new CEO Severance Agreement with Matt Johnson and Executive Severance Agreements with Dean Butler, Robert Conrad, Brandon Tolany, Mark Mauldin on July 9, 2024.
New agreements replace prior agreements expiring Oct 31, 2024, and are substantially similar in terms.
CEO severance provides 200% of base salary and 200% of target variable compensation upon a Change in Control Termination; other executives receive 100%.
Agreements effective through Oct 31, 2027; provide equity acceleration and COBRA subsidy up to 24 months for CEO.

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