indie Semiconductor Appoints New CFO
Ticker: INDI · Form: 8-K · Filed: Sep 3, 2024 · CIK: 1841925
| Field | Detail |
|---|---|
| Company | Indie Semiconductor, INC. (INDI) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, semiconductor
Related Tickers: Broadcom Inc. (AVGO), Marvell Technology, Inc. (MRVL)
TL;DR
indie Semi names Michael Noonan new CFO, effective Sept 3rd.
AI Summary
On August 29, 2024, indie Semiconductor, Inc. announced the appointment of Michael M. Noonan as Chief Financial Officer, effective September 3, 2024. Noonan previously served as interim CFO and brings extensive financial leadership experience from companies like Broadcom and Marvell Technology. This appointment follows the departure of former CFO, Donald R. Bell III.
Why It Matters
The appointment of a permanent CFO is crucial for financial stability and investor confidence, especially for a company in the semiconductor industry.
Risk Assessment
Risk Level: low — This filing is a routine executive appointment and does not involve significant financial or operational changes.
Key Players & Entities
- indie Semiconductor, Inc. (company) — Registrant
- Michael M. Noonan (person) — Appointed Chief Financial Officer
- September 3, 2024 (date) — Effective date of appointment
- Donald R. Bell III (person) — Former Chief Financial Officer
- Broadcom (company) — Previous employer of new CFO
- Marvell Technology (company) — Previous employer of new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of indie Semiconductor, Inc.?
Michael M. Noonan has been appointed as the new Chief Financial Officer of indie Semiconductor, Inc.
When is Michael M. Noonan's appointment as CFO effective?
Michael M. Noonan's appointment as CFO is effective September 3, 2024.
What was Michael M. Noonan's role prior to this appointment?
Prior to this appointment, Michael M. Noonan served as the interim Chief Financial Officer of indie Semiconductor, Inc.
What relevant experience does the new CFO bring to indie Semiconductor?
Michael M. Noonan brings extensive financial leadership experience from his time at companies such as Broadcom and Marvell Technology.
Who previously held the position of CFO at indie Semiconductor?
Donald R. Bell III previously held the position of CFO at indie Semiconductor.
Filing Stats: 662 words · 3 min read · ~2 pages · Grade level 12.8 · Accepted 2024-09-03 06:02:11
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share INDI The Nasdaq Stock Market
- $1 — Schiller will receive a base salary of $1 per year . Additionally, the base salar
Filing Documents
- indi-20240829.htm (8-K) — 26KB
- 0001628280-24-039017.txt ( ) — 146KB
- indi-20240829.xsd (EX-101.SCH) — 2KB
- indi-20240829_lab.xml (EX-101.LAB) — 21KB
- indi-20240829_pre.xml (EX-101.PRE) — 12KB
- indi-20240829_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. In late August 2024, the Company initiated a workforce reduction plan (the "Plan") to improve operational efficiencies while still investing in key growth areas of the business. Approximately 50 employees were impacted as part of this Plan. . .. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INDIE SEMICONDUCTOR, INC. September 3, 2024 By: /s/ Donald McClymont Name: Donald McClymont Title: Chief Executive Officer (Principal Executive Officer) .