Business Context and Reporting Period
This Form 8-K filing by Skyworks Solutions, Inc. (SWKS) is dated August 23, 2025, with the report date of August 25, 2025. The filing discloses the appointment of a new Chief Financial Officer and the departure of the Interim CFO.
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.
Material Changes
The primary material change is the leadership transition in the finance function:
- Appointment: Philip Carter was appointed Senior Vice President and Chief Financial Officer, effective September 8, 2025.
- Departure: Robert A. Schriesheim will cease serving as Interim CFO upon Mr. Carter's start date but will remain on the Board of Directors.
Compensation, Outlook, and Risks
Management commentary is limited to the terms of Mr. Carter's employment agreement. No financial guidance or outlook is provided in this filing.
Compensation Package for Philip Carter
- Base Salary: $600,000 annually.
- Cash Incentive: Target amount of 100% of base salary.
- Signing Bonus: $800,000, deemed earned on the 24-month anniversary of the start date, subject to continued employment.
- Equity Awards:
- Restricted Stock Units (RSUs) valued at $3,000,000, vesting over four years.
- Performance Share Awards (PSAs) valued at $3,800,000, vesting based on total shareholder return over the three fiscal years ending September 29, 2028.
Severance and Change in Control
A Change in Control/Severance Agreement provides for:
- Change in Control Termination: 1.5x (Base Salary + Bonus), 18 months of COBRA, and acceleration of certain equity awards.
- Non-Change in Control Termination (Without Cause): 12 months of salary continuation, 12 months of COBRA, and extension of option exercise periods.
Investor Verification Checklist
- Verify the exact start date of September 8, 2025, for the calculation of equity award share counts.
- Confirm the vesting schedule and performance metrics for the $3.8 million Performance Share Award.
- Review the impact of the $800,000 signing bonus on future quarterly compensation expenses.
- Monitor the transition of duties from Interim CFO Robert A. Schriesheim to ensure continuity in financial reporting.