Skyworks Solutions, Inc. Files Amendment No. 1 to Annual Report

TL;DR

<b>Skyworks Solutions, Inc. has filed an amendment to its 2023 annual report, confirming its compliance with SEC filing requirements.</b>

AI Summary

SKYWORKS SOLUTIONS, INC. (SWKS) filed a Amended Annual Report (10-K/A) with the SEC on January 26, 2024. Skyworks Solutions, Inc. filed an amendment (10-K/A) to its annual report for the fiscal year ended September 29, 2023. The company is incorporated in Delaware and its principal executive offices are located in Irvine, California. Skyworks Solutions, Inc. is registered under the Securities Exchange Act of 1934. The company's common stock is traded on the Nasdaq Global Select Market under the symbol SWKS. This filing indicates the company has submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking SKYWORKS SOLUTIONS, INC., this filing contains several important signals. This amendment signifies a formal update to the company's financial reporting for the fiscal year ending September 29, 2023, providing potentially updated or clarified information to investors. As a publicly traded company on Nasdaq, Skyworks Solutions, Inc. must adhere to strict SEC regulations, and this filing demonstrates their ongoing commitment to transparency and regulatory compliance.

Risk Assessment

Risk Level: low — SKYWORKS SOLUTIONS, INC. shows low risk based on this filing. The filing is an amendment to a 10-K, which typically indicates corrections or additions to previously filed information rather than new material events, suggesting a low level of immediate risk.

Analyst Insight

Investors should review the specific changes within Amendment No. 1 to the 10-K filing to understand any updated disclosures or financial data provided by Skyworks Solutions, Inc.

Key Numbers

• 20230929 — Fiscal Year End (Fiscal year ended September 29, 2023)
• 20240126 — Filing Date (Date the amendment was filed)
• 001-05560 — Commission File Number (SEC commission file number for the registrant)
• 04-2302115 — IRS Employer Identification No. (IRS number for the registrant)

Key Players & Entities

• Skyworks Solutions, Inc. (company) — Registrant name
• Nasdaq Global Select Market (company) — Exchange where common stock is registered
• SWKS (company) — Trading symbol for common stock
• Delaware (company) — State of incorporation
• Irvine, California (company) — Address of principal executive offices
• Securities Exchange Act of 1934 (regulator) — Act under which the company is registered
• Rule 405 of the Securities Act (regulator) — Rule referenced in the filing
• Rule 12b-2 of the Exchange Act (regulator) — Rule referenced in the filing

FAQ

Industry Context

Skyworks Solutions, Inc. operates in the semiconductor industry, specifically focusing on high-performance analog and mixed-signal semiconductors.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of annual reports (10-K) and amendments.

What Investors Should Do

1. Review Amendment No. 1 for specific changes and updated disclosures.
2. Verify compliance with SEC filing requirements for the fiscal year 2023.
3. Monitor future filings for ongoing financial and operational updates.

Key Dates

• 2023-09-29: Fiscal Year End — End of the reporting period for the annual report.
• 2024-01-26: Filing Date of Amendment — Date Amendment No. 1 to the 10-K was filed with the SEC.

Year-Over-Year Comparison

This is an amendment (10-K/A) to the previously filed annual report for the fiscal year ended September 29, 2023.

Key Financial Figures

• $0.25 — ich registered Common Stock, par value $0.25 per share SWKS Nasdaq Global Select Mar

Filing Documents

• swks-20230929.htm (10-K/A) — 633KB
• fy2310kaexhibit313.htm (EX-31.3) — 9KB
• fy2310kaexhibit314.htm (EX-31.4) — 9KB
• 0000004127-24-000002.txt (&nbsp;) — 926KB
• swks-20230929.xsd (EX-101.SCH) — 2KB
• swks-20230929_lab.xml (EX-101.LAB) — 39KB
• swks-20230929_pre.xml (EX-101.PRE) — 21KB
• swks-20230929_htm.xml (XML) — 5KB

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. Directors and Executive Officers The following table sets forth for each director and executive officer of the Company his or her position with the Company as of January 18, 2024: Name Title Liam K. Griffin Chairman of the Board, Chief Executive Officer and President Christine King Lead Independent Director Alan S. Batey Director Kevin L. Beebe Director Eric J. Guerin Director Suzanne E. McBride Director David P. McGlade Director Robert A. Schriesheim Director Maryann Turcke Director Carlos S. Bori Senior Vice President, Sales and Marketing Karilee A. Durham Senior Vice President, Human Resources Reza Kasnavi Senior Vice President, Technology and Manufacturing Kris Sennesael Senior Vice President and Chief Financial Officer Robert J. Terry Senior Vice President, General Counsel and Secretary Directors Liam K. Griffin , age 57, is Chairman, Chief Executive Officer and President of the Company. Prior to his appointment as Chairman of the Board in May 2021, Mr. Griffin had served as Chief Executive Officer and a director since May 2016 and as President since May 2014. He served as Executive Vice President and Corporate General Manager from November 2012 to May 2014, Executive Vice President and General Manager, High Performance Analog from May 2011 to November 2012, and Senior Vice President, Sales and Marketing from August 2001 to May 2011. Previously, Mr. Griffin was employed by Vectron International, a division of Dover Corp., as Vice President of Worldwide Sales from 1997 to 2001 and as Vice President of North American Sales from 1995 to 1997. Other Public Company Boards Current None Past 5 Years National Instruments Corporation (until 2023) Vicor Corporation (until 2019) Qualifications: We believe that Mr. Griffin's qualifications to serve as a director include his strong relationships with Skyworks' key customers, investors, employees, and other stakeholders, as well as

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION. Compensation Discussion and Analysis Named Executive Officers This Compensation Discussion and Analysis section discusses the compensation policies and programs for our Chief Executive Officer, our Chief Financial Officer, and our three next most highly paid executive officers during our fiscal year ended September 29, 2023 ("fiscal year 2023"), as determined under the rules of the SEC. We refer to this group of executive officers as our "Named Executive Officers." For fiscal year 2023, our Named Executive Officers were: Liam K. Griffin, Chairman, Chief Executive Officer and President; Kris Sennesael, Senior Vice President and Chief Financial Officer; Reza Kasnavi, Senior Vice President, Technology and Manufacturing; Carlos S. Bori, Senior Vice President, Sales and Marketing; and Robert J. Terry, Senior Vice President, General Counsel and Secretary. Engagement with Stockholders Regarding Executive Compensation In evaluating and establishing our executive compensation policies and programs, our Compensation Committee values and actively considers the opinions expressed by our stockholders through the "say-on-pay" advisory vote at each annual stockholder meeting, as well as through our ongoing stockholder engagement efforts. At our 2023 Annual Meeting of Stockholders (the "2023 Annual Meeting"), approximately 79% of the votes cast approved our "say-on-pay" proposal, reflecting continued support for our compensation policies and determinations for our fiscal year ended September 30, 2022 ("fiscal year 2022"), including the updates the Compensation Committee had made for fiscal year 2022 in response to stockholder feedback. That said, we recognize that support for say-on-pay reflected a modest decline from 86% the previous year and the importance of continued, robust stockholder engagement and responsiveness to stockholder input on compensation matters. Following the 2023 Annual Meeting and through December 2023, we engaged in

View Full Filing

View this 10-K/A filing on SEC EDGAR