MaxLinear Announces Executive Compensation and Severance Agreements
Ticker: MXL · Form: 8-K · Filed: Nov 1, 2024 · CIK: 1288469
| Field | Detail |
|---|---|
| Company | Maxlinear, Inc (MXL) |
| Form Type | 8-K |
| Filed Date | Nov 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, severance, personnel-change
Related Tickers: MXL
TL;DR
MaxLinear inked new pay deals for its CEO and severance for a departing exec.
AI Summary
On October 29, 2024, MaxLinear, Inc. announced changes in its executive compensation. Specifically, the company entered into an employment agreement with Kishore Seendripu, effective October 29, 2024, detailing his role and compensation. Additionally, the company entered into a severance agreement with Steven D. Lyle, effective October 29, 2024, outlining the terms of his departure.
Why It Matters
This filing provides insight into executive compensation and personnel changes, which can impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: low — The filing details standard executive compensation and severance agreements, which are common corporate events and do not indicate unusual financial distress or operational risk.
Key Players & Entities
- MaxLinear, Inc. (company) — Registrant
- Kishore Seendripu (person) — CEO and executive entering employment agreement
- Steven D. Lyle (person) — Executive entering severance agreement
- October 29, 2024 (date) — Effective date of agreements
FAQ
What is the effective date of the new agreements?
The agreements for Kishore Seendripu and Steven D. Lyle are effective as of October 29, 2024.
Who is involved in the new employment agreement?
Kishore Seendripu is involved in the new employment agreement.
Who is involved in the severance agreement?
Steven D. Lyle is involved in the severance agreement.
What type of agreements were entered into?
MaxLinear, Inc. entered into an employment agreement and a severance agreement.
What is the principal executive office address of MaxLinear, Inc.?
The principal executive offices are located at 5966 La Place Court, Suite 100, Carlsbad, California 92008.
Filing Stats: 473 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-11-01 16:32:12
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value MXL The Nasdaq Stock Market L
Filing Documents
- mxl-20241029.htm (8-K) — 26KB
- 0001288469-24-000130.txt ( ) — 184KB
- mxl-20241029.xsd (EX-101.SCH) — 2KB
- mxl-20241029_def.xml (EX-101.DEF) — 15KB
- mxl-20241029_lab.xml (EX-101.LAB) — 27KB
- mxl-20241029_pre.xml (EX-101.PRE) — 16KB
- mxl-20241029_htm.xml (XML) — 4KB
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: October 29, 2024 MAXLINEAR, INC. (Registrant) By: /s/ Steven G. Litchfield Steven G. Litchfield Chief Financial Officer and Chief Corporate Strategy Officer (Principal Financial Officer) 3