MaxLinear CFO Departs, Interim Appointed
Ticker: MXL · Form: 8-K · Filed: May 29, 2024 · CIK: 1288469
| Field | Detail |
|---|---|
| Company | Maxlinear, Inc (MXL) |
| Form Type | 8-K |
| Filed Date | May 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, cfo, management-change
Related Tickers: MXL
TL;DR
MaxLinear CFO Steven Lyle out, Adam Smith steps in as interim. Watch for financial strategy changes.
AI Summary
On May 22, 2024, MaxLinear, Inc. announced the departure of its Chief Financial Officer, Steven J. Lyle. The company has appointed Adam A. Smith as interim CFO. Smith previously served as Senior Vice President, Corporate Controller and Chief Accounting Officer.
Why It Matters
The sudden departure of a CFO can signal internal challenges or strategic shifts, potentially impacting investor confidence and the company's financial direction.
Risk Assessment
Risk Level: medium — A CFO departure, especially without immediate permanent replacement, can introduce uncertainty regarding financial strategy and leadership stability.
Key Players & Entities
- MaxLinear, Inc. (company) — Registrant
- Steven J. Lyle (person) — Departing Chief Financial Officer
- Adam A. Smith (person) — Interim Chief Financial Officer
- May 22, 2024 (date) — Date of earliest event reported
FAQ
What is the effective date of Steven J. Lyle's departure?
The filing reports May 22, 2024, as the date of the earliest event reported, which includes the departure of Steven J. Lyle.
Who has been appointed as the interim CFO?
Adam A. Smith has been appointed as the interim Chief Financial Officer.
What was Adam A. Smith's previous role at MaxLinear?
Adam A. Smith previously served as Senior Vice President, Corporate Controller and Chief Accounting Officer.
Under which section of the 8-K is this information being reported?
This information is being reported under Item 5.02, which covers Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
What is MaxLinear, Inc.'s state of incorporation?
MaxLinear, Inc. is incorporated in Delaware.
Filing Stats: 678 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-05-29 16:39:05
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value MXL The Nasdaq Stock Market L
Filing Documents
- mxl-20240522.htm (8-K) — 30KB
- exhibit101.htm (EX-10.1) — 409KB
- 0001288469-24-000099.txt ( ) — 678KB
- mxl-20240522.xsd (EX-101.SCH) — 2KB
- mxl-20240522_def.xml (EX-101.DEF) — 15KB
- mxl-20240522_lab.xml (EX-101.LAB) — 27KB
- mxl-20240522_pre.xml (EX-101.PRE) — 16KB
- mxl-20240522_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Description 10.1 2024 Inducement Equity Incentive Plan and related form agreements 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES 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. Date: May 29, 2024 MAXLINEAR, INC. (Registrant) By: /s/ Steven G. Litchfield Steven G. Litchfield Chief Financial Officer and Chief Corporate Strategy Officer 3