Business Context and Reporting Period
This Form 8-K Current Report was filed by Skyworks Solutions, Inc. on May 29, 2025. The filing addresses a significant change in executive leadership regarding the Chief Financial Officer (CFO) position.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. It focuses exclusively on executive compensation and appointment details.
- Interim CFO Base Salary: Annualized rate of $625,000.
- Equity Compensation: Restricted Stock Unit (RSU) award valued at $1,200,000 (calculated based on the closing stock price on May 29, 2025).
- Expense Reimbursement: Travel costs and associated taxes for the interim role.
Material Changes
The primary material change is the appointment of Robert A. Schriesheim as Interim Chief Financial Officer, effective immediately on May 29, 2025. This appointment follows the decision by Mark P. Dentinger, who was scheduled to join as CFO on June 2, 2025, to not commence employment due to an unforeseen medical condition. Consequently, Philip G. Brace, the CEO, ceased serving as the interim principal financial and accounting officer roles he held since May 9, 2025.
Outlook, Risks, and Management Commentary
The Company has commenced a search for a permanent Chief Financial Officer. Mr. Schriesheim, a current Board member since 2006, will serve as the principal financial and accounting officer on an interim basis. In connection with this appointment, Mr. Schriesheim resigned from the Audit Committee and the Compensation Committee of the Board. The RSU award vests on the second anniversary of the start date, with a portion of the vesting contingent on the duration of service as interim CFO (up to a maximum of six months for the performance-based portion).
Investor Verification Checklist
- Verify the timeline for the search and appointment of a permanent CFO.
- Confirm the impact of the leadership transition on ongoing financial reporting and audit processes.
- Review the specific vesting schedule and performance conditions of the $1.2 million RSU grant.
- Monitor for any future disclosures regarding the medical condition of the former candidate, Mark P. Dentinger, if relevant to future hiring.