MaxLinear, Inc. Files Definitive Proxy Statement (DEF 14A)
Ticker: MXL · Form: DEF 14A · Filed: Apr 4, 2024 · CIK: 1288469
| Field | Detail |
|---|---|
| Company | Maxlinear, Inc (MXL) |
| Form Type | DEF 14A |
| Filed Date | Apr 4, 2024 |
| Risk Level | |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Proxy Statement, Executive Compensation, Equity Awards, MaxLinear
TL;DR
<b>MaxLinear, Inc. files its Definitive Proxy Statement (DEF 14A) detailing executive compensation and equity awards for the fiscal year ending December 31, 2023.</b>
AI Summary
MAXLINEAR, INC (MXL) filed a Proxy Statement (DEF 14A) with the SEC on April 4, 2024. Filing is a Definitive Proxy Statement (DEF 14A) for MaxLinear, Inc. The filing covers the period ending May 23, 2024. Data includes equity awards reported, granted, and vested for PEO and Non-PEO members from 2020-2023. Company fiscal year end is December 31st. MaxLinear, Inc. is in the Semiconductors & Related Devices industry.
Why It Matters
For investors and stakeholders tracking MAXLINEAR, INC, this filing contains several important signals. This filing provides crucial information for shareholders regarding executive compensation, equity awards, and voting matters ahead of the annual meeting. Understanding the details of equity awards and their vesting schedules can offer insights into management's incentives and the company's long-term strategy.
Risk Assessment
Risk Level: — MAXLINEAR, INC shows moderate risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.
Analyst Insight
Shareholders should review the executive compensation details and equity award grants to assess alignment with company performance and strategic goals.
Key Numbers
- 2023-12-31 — Fiscal Year End (MaxLinear, Inc. fiscal year end)
- 2024-04-04 — Filing Date (Date the DEF 14A was filed)
- 2024-05-23 — Period of Report (The period this filing pertains to)
Key Players & Entities
- MAXLINEAR, INC (company) — Filer name
- DEF 14A (filing) — Form type
- 2024-04-04 (date) — Filing date
- 2024-05-23 (date) — Period of report
- 3674 (industry_code) — Standard Industrial Classification
FAQ
When did MAXLINEAR, INC file this DEF 14A?
MAXLINEAR, INC filed this Proxy Statement (DEF 14A) with the SEC on April 4, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by MAXLINEAR, INC (MXL).
Where can I read the original DEF 14A filing from MAXLINEAR, INC?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by MAXLINEAR, INC.
What are the key takeaways from MAXLINEAR, INC's DEF 14A?
MAXLINEAR, INC filed this DEF 14A on April 4, 2024. Key takeaways: Filing is a Definitive Proxy Statement (DEF 14A) for MaxLinear, Inc.. The filing covers the period ending May 23, 2024.. Data includes equity awards reported, granted, and vested for PEO and Non-PEO members from 2020-2023..
Is MAXLINEAR, INC a risky investment based on this filing?
Based on this DEF 14A, MAXLINEAR, INC presents a moderate-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.
What should investors do after reading MAXLINEAR, INC's DEF 14A?
Shareholders should review the executive compensation details and equity award grants to assess alignment with company performance and strategic goals. The overall sentiment from this filing is neutral.
How does MAXLINEAR, INC compare to its industry peers?
MaxLinear, Inc. operates in the Semiconductors & Related Devices industry, a sector characterized by rapid technological advancements and significant R&D investment.
Are there regulatory concerns for MAXLINEAR, INC?
As a public company, MaxLinear, Inc. is subject to SEC regulations requiring detailed disclosures on corporate governance, executive compensation, and shareholder matters through filings like the DEF 14A.
Industry Context
MaxLinear, Inc. operates in the Semiconductors & Related Devices industry, a sector characterized by rapid technological advancements and significant R&D investment.
Regulatory Implications
As a public company, MaxLinear, Inc. is subject to SEC regulations requiring detailed disclosures on corporate governance, executive compensation, and shareholder matters through filings like the DEF 14A.
What Investors Should Do
- Review the detailed breakdown of equity awards granted and vested for PEO and Non-PEO members for fiscal years 2020-2023.
- Analyze the compensation committee's report and any proposals being put forth for shareholder vote.
- Compare executive compensation trends and equity award structures to industry peers if additional data becomes available.
Year-Over-Year Comparison
This is a DEF 14A filing, which is a standard disclosure document. Specific comparative data from a previous filing is not directly extractable from this header information alone.
Filing Stats: 4,814 words · 19 min read · ~16 pages · Grade level 13.2 · Accepted 2024-04-04 16:44:45
Filing Documents
- mxl-20240404.htm (DEF 14A) — 1285KB
- mxl-20240404_g1.jpg (GRAPHIC) — 4KB
- mxl-20240404_g10.jpg (GRAPHIC) — 1336KB
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- mxl-20240404_g18.jpg (GRAPHIC) — 103KB
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- mxl-20240404_g8.jpg (GRAPHIC) — 1958KB
- mxl-20240404_g9.jpg (GRAPHIC) — 2446KB
- 0001288469-24-000055.txt ( ) — 49190KB
- mxl-20240404.xsd (EX-101.SCH) — 4KB
- mxl-20240404_def.xml (EX-101.DEF) — 5KB
- mxl-20240404_lab.xml (EX-101.LAB) — 7KB
- mxl-20240404_pre.xml (EX-101.PRE) — 4KB
- mxl-20240404_htm.xml (XML) — 153KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 36 Compensation Discussion and Analysis 36 Clawback Policy 46 Executive Stock Owne rship Policies 46 Severance and Termination Benefits 46 Role of Stockholder Say-on-Pay Votes in Determining Compensation 49 Accounting and Tax Considerations 49 Report of the Compensation Committee 49 The Compensation Committee 49 2023 Summary Compensation Table 50 Grants of Plan-Based Awards in Fiscal 2023 52 Outstanding Equity Awards at Fiscal Year-End for 2023 54 Option Exercises and Stock Vested for 2023 56 Pension Benefits 56 Nonqualified Deferred Compensation — Fiscal Year 2023 56 Employment Arrangements 57 Potential Payments Upon Termination or Change of Control 57 Equity Compensation Plan Information 59 Pay Ratio 59 Pay Versus Performance Table 61 RELATED PERSON TRANSACTIONS AND DELINQUENT SECTION 16( a ) REPORTS 68 Related Person Transactions 68 Policy Concerning Audit Committee Approval of Related Person Transactions 68
SECURITY OWNERSHIP
SECURITY OWNERSHIP 69 OTHER MATTERS 73 Table of Contents MAXLINEAR, INC. 5966 La Place Court, Suite 100 Carlsbad, California 92008 PROXY STATEMENT For the Annual Meeting of Stockholders To Be Held on Thursday, May 23, 2024 QUESTIONS AND ANSWERS ABOUT THE PROXY MATERIALS AND ANNUAL MEETING What is a proxy? A proxy is your legal designation of another person to vote the stock you own. The person you designate is your "proxy," and you give the proxy authority to vote your shares by submitting the enclosed proxy card or, if available, voting by telephone or over the Internet. We have designated our Chairman and Chief Executive Officer, Kishore Seendripu, Ph.D., and our Chief Financial Officer and Chief Corporate Strategy Officer, Steven Litchfield, to serve as proxies for the annual meeting. Why am I receiving these materials? We are providing these proxy materials in connection with the solicitation by our board of directors of proxies to be voted at our 2024 annual meeting of stockholders, which will take place on Thursday, May 23, 2024 at 8:30 a.m., Pacific time at MaxLinear's office, located at 5966 La Place Court, Suite 100, Carlsbad, California 92008. As a stockholder, you are invited to attend the annual meeting and are requested to vote on the items of business described in this proxy statement. The Notice of Internet Availability of Proxy Materials, or Notice of Internet Availability, containing instructions on how to access this proxy statement for our 2024 annual meeting, the accompanying proxy card and notice and our 2023 annual report, is first being mailed to our stockholders on or about April 8, 2024. If you receive a Notice of Internet Availability, then you will not receive a printed copy of the proxy materials or our 2023 annual report in the mail unless you specifically request these materials. Instructions for requesting a printed copy of the proxy materials and our 2023 annual report are set forth in the Notice of Internet Availab