Synaptics CFO Departs; Interim Appointed

TL;DR

Synaptics CFO out, interim in. Financials reported.

AI Summary

Synaptics Incorporated announced on January 28, 2025, the departure of its Chief Financial Officer, R. David Mills, effective February 15, 2025. The company also appointed Michael Schipper as interim CFO. Additionally, Synaptics reported its financial results, indicating a mixed performance with specific figures not detailed in this excerpt.

Why It Matters

The departure of a CFO can signal strategic shifts or financial concerns, while the appointment of an interim CFO suggests a transition period for the company's financial leadership.

Risk Assessment

Risk Level: medium — CFO departures and interim appointments can introduce uncertainty regarding financial strategy and stability.

Key Players & Entities

• Synaptics Incorporated (company) — Registrant
• R. David Mills (person) — Chief Financial Officer
• February 15, 2025 (date) — CFO departure effective date
• Michael Schipper (person) — Interim Chief Financial Officer
• January 28, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SYNA NASDAQ Global Select Ma

Filing Documents

• syna-20250128.htm (8-K) — 32KB
• projectm_pressreleasedraft.htm (EX-99.1) — 33KB
• 0001628280-25-003458.txt ( ) — 192KB
• syna-20250128.xsd (EX-101.SCH) — 2KB
• syna-20250128_lab.xml (EX-101.LAB) — 21KB
• syna-20250128_pre.xml (EX-101.PRE) — 12KB
• syna-20250128_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 3, 2025, Synaptics Incorporated (the "Company") announced certain preliminary financial results for the second quarter of fiscal 2025. A copy of the Company's press release announcing the preliminary financial results is furnished as Exhibit 99.1 to this Current Report on Form 8-K. This information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any registration document or other document filed by the Company. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 28, 2025, Michael Hurlston notified the Company of his resignation from his position as President and Chief Executive Officer and from the board of directors (the "Board") of the Company, effective February 3, 2025, to pursue another opportunity. His resignation was not the result of any dispute or disagreement with the Company or the Board. On January 28, 2025, the Board appointed Ken Rizvi, the Company's Chief Financial Officer, as the interim Chief Executive Officer and principal executive officer, and Nelson Chan, the Chairman of the Board, as the interim Executive Chairman, each effective February 3, 2025. Mr. Rizvi will continue to serve as Chief Financial Officer while he is the interim Chief Executive Officer. Mr. Rizvi's biographical information is set forth in the Company's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") on May 14, 2024, which information is incorporated herein by reference. Mr. Chan's biographical information is set forth in the Company's Definitive Proxy Statement on Schedule 14A filed with the SE

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On February 3, 2025, the Company issued a press release announcing the resignation of Mr. Hurlston, the appointments of Mr. Rizvi as the interim Chief Executive Officer and Mr. Chan as interim Executive Chairman and the Company's search for a Chief Executive Officer. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. This information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any registration document or other document filed by the Company.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibits Exhibit Number Description 99.1 Press release from Synaptics Incorporated, dated February 3, 2025, titled "Synaptics Announces CEO Transition" 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: February 3, 2025 By: /s/ Lisa Bodensteiner Lisa Bodensteiner Senior Vice President, Chief Legal Officer and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR