CFO Kanwardev Raja Singh Bal resigns; CEO McClymont to serve as interim principal financial officer

indie Semiconductor, Inc.

CFO Bal will remain until May 13, 2025, to assist with Q1 10-Q filing.
CEO Donald McClymont assumes principal financial and accounting officer duties during CFO search.
Severance: $586,500 lump sum (salary + target bonus), 12 months COBRA, 6-month equity acceleration.
Departure is not due to any dispute with the company or its auditors.

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 (interim)

Donald McClymont

Principal Financial Officer and Principal Accounting Officer

INDI · indie Semiconductor, Inc.

Effective: 2025-05-13
Filed: April 8, 2025, 7:59 PM ET

Following Mr. Bal’s departure, the Company’s Chief Executive Officer, Donald McClymont, will assume the duties of principal financial officer and principal accounting officer while the Company conducts a search for a new Chief Financial Officer.

Departed (interim)

Kanwardev Raja Singh Bal

Chief Financial Officer, Executive Vice President and Chief Accounting Officer

INDI · indie Semiconductor, Inc.

Effective: 2025-05-13
Filed: April 8, 2025, 7:59 PM ET

On April 4, 2025, Kanwardev Raja Singh Bal notified indie Semiconductor, Inc. (the “Company”) of his resignation as Chief Financial Officer, Executive Vice President and Chief Accounting Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Donald McClymont changed role as Principal Financial Officer and Principal Accounting Officer at indie Semiconductor, Inc..

Action: assumed duties
Role: Principal Financial Officer and Principal Accounting Officer

Exact text from the filing

Following Mr. Bal’s departure, the Company’s Chief Executive Officer, Donald McClymont, will assume the duties of principal financial officer and principal accounting officer while the Company conducts a search for a new Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kanwardev Raja Singh Bal resigned as Chief Financial Officer, Executive Vice President and Chief Accounting Officer at indie Semiconductor, Inc..

Action: resigned
Role: Chief Financial Officer, Executive Vice President and Chief Accounting Officer

Exact text from the filing

On April 4, 2025, Kanwardev Raja Singh Bal notified indie Semiconductor, Inc. (the “Company”) of his resignation as Chief Financial Officer, Executive Vice President and Chief Accounting Officer of the Company.

View on SEC.gov

indie Semiconductor, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-017067

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