Skyworks Solutions, Inc. Announces 2024 Annual Meeting of Stockholders
Ticker: SWKS · Form: DEF 14A · Filed: Mar 28, 2024 · CIK: 4127
Sentiment: neutral
Topics: Skyworks Solutions, SWKS, Proxy Statement, Annual Meeting, Shareholder Voting
TL;DR
<b>Skyworks Solutions, Inc. is holding its 2024 Annual Meeting of Stockholders virtually on May 14, 2024, encouraging all shareholders to participate and vote.</b>
AI Summary
SKYWORKS SOLUTIONS, INC. (SWKS) filed a Proxy Statement (DEF 14A) with the SEC on March 28, 2024. The 2024 Annual Meeting of Stockholders for Skyworks Solutions, Inc. will be held on Tuesday, May 14, 2024, at 11:00 a.m. PDT. The meeting will be conducted virtually via a website: www.virtualshareholdermeeting.com/SWKS2024. Stockholders can listen live, submit questions, and vote during the virtual meeting. Liam K. Griffin, Chairman, Chief Executive Officer and President, urges stockholders to vote by proxy if unable to attend. Instructions for voting by proxy via mail, telephone, or internet are provided for stockholders of record and those holding shares in 'street name'.
Why It Matters
For investors and stakeholders tracking SKYWORKS SOLUTIONS, INC., this filing contains several important signals. The virtual format allows for broader participation and accessibility for stockholders regardless of their location. The proxy statement details the matters to be voted on, ensuring shareholders are informed about corporate governance and decisions.
Risk Assessment
Risk Level: low — SKYWORKS SOLUTIONS, INC. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
Analyst Insight
Review the proxy statement to understand the proposals being voted on at the annual meeting and consider voting by proxy.
Key Numbers
- 11:00 a.m. PDT — Meeting Time (Time of 2024 Annual Meeting)
- May 14, 2024 — Meeting Date (Date of 2024 Annual Meeting)
Key Players & Entities
- Skyworks Solutions, Inc. (company) — Registrant name
- Liam K. Griffin (person) — Chairman, Chief Executive Officer and President
- May 14, 2024 (date) — Date of Annual Meeting
- 2024 (date) — Year of Annual Meeting
FAQ
When did SKYWORKS SOLUTIONS, INC. file this DEF 14A?
SKYWORKS SOLUTIONS, INC. filed this Proxy Statement (DEF 14A) with the SEC on March 28, 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 SKYWORKS SOLUTIONS, INC. (SWKS).
Where can I read the original DEF 14A filing from SKYWORKS SOLUTIONS, 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 SKYWORKS SOLUTIONS, INC..
What are the key takeaways from SKYWORKS SOLUTIONS, INC.'s DEF 14A?
SKYWORKS SOLUTIONS, INC. filed this DEF 14A on March 28, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Skyworks Solutions, Inc. will be held on Tuesday, May 14, 2024, at 11:00 a.m. PDT.. The meeting will be conducted virtually via a website: www.virtualshareholdermeeting.com/SWKS2024.. Stockholders can listen live, submit questions, and vote during the virtual meeting..
Is SKYWORKS SOLUTIONS, INC. a risky investment based on this filing?
Based on this DEF 14A, SKYWORKS SOLUTIONS, INC. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.
What should investors do after reading SKYWORKS SOLUTIONS, INC.'s DEF 14A?
Review the proxy statement to understand the proposals being voted on at the annual meeting and consider voting by proxy. The overall sentiment from this filing is neutral.
How does SKYWORKS SOLUTIONS, INC. compare to its industry peers?
Skyworks Solutions operates in the semiconductor industry, focusing on high-performance analog mixed-signal semiconductors.
Are there regulatory concerns for SKYWORKS SOLUTIONS, INC.?
The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
Industry Context
Skyworks Solutions operates in the semiconductor industry, focusing on high-performance analog mixed-signal semiconductors.
Regulatory Implications
The filing is a Definitive Proxy Statement (DEF 14A) filed under the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.
What Investors Should Do
- Review the proxy statement for details on proposals and director nominations.
- Vote your shares by proxy via mail, telephone, or internet.
- Attend the virtual annual meeting online to participate and vote.
Key Dates
- 2024-05-14: 2024 Annual Meeting of Stockholders — Key date for shareholder participation and voting.
Year-Over-Year Comparison
This filing is a DEF 14A, indicating it's the definitive proxy statement for the upcoming annual meeting, following any preliminary filings.
Filing Stats: 4,406 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-03-28 16:27:44
Key Financial Figures
- $1.856 b — enerating annual operating cash flow of $1.856 billion, up 30% year-over-year. In additi
- $4.8 billion — ular trends. Delivered net revenue of $4.8 billion Achieved operating margin of 23.6% on
- $6.13 — Posted diluted earnings per share of $6.13 on a GAAP basis ( $8.52 on a non-GAAP b
- $8.52 — gs per share of $6.13 on a GAAP basis ( $8.52 on a non-GAAP basis) (1) Generated an
- $1.646 b — 0% year-over-year and free cash flow of $1.646 billion, up 76% year-over-year Raised o
- $0.62 — ar Raised our quarterly dividend from $0.62 per share to $0.68 per share Returned
- $0.68 — rterly dividend from $0.62 per share to $0.68 per share Returned approximately $580
- $580 million — 0.68 per share Returned approximately $580 million to stockholders through repurchasing 1.
- $175 million — million shares of our common stock for $175 million and through payments of $405 million in
- $405 million — or $175 million and through payments of $405 million in cash dividends Repaid $900 million
- $900 million — $405 million in cash dividends Repaid $900 million of debt Total stockholder return over
Filing Documents
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- 0001104659-24-040560.txt ( ) — 7409KB
- swks-20230929.xsd (EX-101.SCH) — 8KB
- swks-20230929_def.xml (EX-101.DEF) — 7KB
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Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 100 General Information 102 Other Proposed Action 108 Other Matters 108 Appendix A: Unaudited Reconciliations of Non-GAAP Financial Measures 110 Discussion Regarding the Use of Non-GAAP Financial Measures 111 Appendix B: Provisions of Charter Subject to Potential Amendment 113 Annex 1: Second Amended and Restated 2015 Long-Term Incentive Plan 120 Annex 2: 2002 Employee Stock Purchase Plan, as amended 143 Annex 3: Amendment to 2002 Employee Stock Purchase Plan, as amended 152 Proxy Statement TABLE OF CONTENTS PROXY STATEMENT SUMMARY This summary highlights financial and other accomplishments during fiscal year 2023, as well as information generally contained elsewhere in this Proxy Statement. This summary does not contain all of the information that you should consider in advance of the 2024 Annual Meeting of Stockholders, and we encourage you to read the entire Proxy Statement before voting your shares. 2024 Annual Meeting of Stockholders Date and Time Location Record Date May 14, 2024 11:00 a.m. PDT www.virtualshareholdermeeting.com/ SWKS2024 March 20, 2024 Matters to be Voted Upon Your vote is very important to us. Please cast your vote on all of the proposals to ensure that your shares are represented. Proposal Required Vote for Approval Board Recommendation See Page 1. Election of Directors For each director, majority of votes cast FOR Each Nominee 8 2. Ratification of Appointment of KPMG LLP Majority of votes present and entitled to vote FOR 28 3. Advisory Vote to Approve Compensation of Named Executive Officers Majority of votes present and entitled to vote FOR 31 4–7. Approve Amendments to Restated Certificate of Incorporation to Eliminate Supermajority Vote Provisions 80% (or 90% in case of Proposal 5) of shares outstanding FOR 65 8. Approve Second Amended and Restated 2015 Lon