Synaptics CEO Employment Agreement Update
Ticker: SYNA · Form: 8-K · Filed: May 14, 2024 · CIK: 817720
| Field | Detail |
|---|---|
| Company | Synaptics Inc (SYNA) |
| Form Type | 8-K |
| Filed Date | May 14, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $490,000, $2,150,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement, management-change
Related Tickers: SYNA
TL;DR
Synaptics CEO Michael Hurlston's employment terms finalized, locking in his compensation package.
AI Summary
On May 10, 2024, Synaptics Incorporated announced changes to its executive compensation. Specifically, the company entered into an employment agreement with Michael Hurlston, its President and CEO, effective May 10, 2024. The agreement outlines his base salary, potential bonus, and equity awards, reflecting his continued leadership role.
Why It Matters
This filing details the updated employment terms for Synaptics' CEO, providing clarity on his compensation structure and reinforcing his commitment to the company's strategic direction.
Risk Assessment
Risk Level: low — The filing primarily concerns executive compensation and employment agreements, which are standard disclosures and do not indicate significant operational or financial risks.
Key Players & Entities
- Synaptics Incorporated (company) — Registrant
- Michael Hurlston (person) — President and CEO
- May 10, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of Michael Hurlston's new employment agreement?
The employment agreement with Michael Hurlston is effective as of May 10, 2024.
Who is the President and CEO of Synaptics Incorporated mentioned in this filing?
Michael Hurlston is identified as the President and CEO of Synaptics Incorporated.
What type of information is primarily disclosed in this 8-K filing?
This 8-K filing primarily discloses information regarding the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Synaptics Incorporated?
The principal executive offices of Synaptics Incorporated are located at 1109 McKay Drive, San Jose, California, 95131.
What is the Commission File Number for Synaptics Incorporated?
The Commission File Number for Synaptics Incorporated is 000-49602.
Filing Stats: 1,232 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-05-14 16:20:58
Key Financial Figures
- $490,000 — vi will receive a base annual salary of $490,000. He is eligible to receive an annual in
- $2,150,000 — tock Units ("RSUs") corresponding to an $2,150,000 equity value, with 1/3 vesting on the f
Filing Documents
- d704271d8k.htm (8-K) — 32KB
- d704271dex991.htm (EX-99.1) — 6KB
- g704271dsp1.jpg (GRAPHIC) — 19KB
- g704271dsp1a.jpg (GRAPHIC) — 6KB
- 0001193125-24-138266.txt ( ) — 194KB
- syna-20240510.xsd (EX-101.SCH) — 3KB
- syna-20240510_lab.xml (EX-101.LAB) — 17KB
- syna-20240510_pre.xml (EX-101.PRE) — 11KB
- d704271d8k_htm.xml (XML) — 3KB
Financial Statements of Business Acquired
Financial Statements of Business Acquired. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Shell Company Transactions. Not applicable. (d) Exhibits. Exhibit Number Exhibit 99.1 Press release from Synaptics Incorporated, dated May 14, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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 thereunto duly authorized. SYNAPTICS INCORPORATED Date: May 14, 2024 By: /s/ Lisa Bodensteiner Lisa Bodensteiner Senior Vice President, Chief Legal Officer and Secretary