Form 8-K/A - Current report: [Amend]
January 31 2024 - 4:23PM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
December 5, 2023
SILICON LABORATORIES INC.
(Exact Name of Registrant as Specified in
Charter)
Delaware |
|
000-29823 |
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74-2793174 |
(State or Other Jurisdiction |
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(Commission File Number) |
|
(IRS Employer |
of Incorporation) |
|
|
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Identification No.) |
400 West Cesar Chavez, Austin, TX |
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78701 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrants telephone number, including
area code: (512) 416-8500
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
¨ Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.0001 par value |
|
SLAB |
|
The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth
company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Exchange Act of
1934. ¨
Explanatory Note
On December 11, 2023, Silicon Laboratories Inc. (“the Company”)
filed a Current Report on Form 8-K (the “Original Report”) to report the promotion of Mark Mauldin to Interim Chief Financial
Officer. As of the date of the Original Report, the terms of Mr. Mauldin’s compensation in connection with such promotion had not
been determined. This Amendment No. 1 to the Original Report is being filed solely for the purpose of providing the terms of such
compensation.
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 5, 2023, John Hollister, the Chief Financial Officer and
Senior Vice President of Silicon Laboratories Inc. (the “Company”), delivered his notice of resignation effective as of February
2, 2024. The Company appointed Mark Mauldin, the Company’s Chief Accounting Officer, to serve as the Company’s interim Chief
Financial Officer beginning on February 2, 2024.
On January 25, 2024, the Compensation Committee of the Board of Directors
of Silicon Laboratories approved the terms of compensation for Mr. Mauldin. The Committee approved the following incremental compensation
for Mr. Mauldin in connection with his appointment as interim Chief Financial Officer: a cash bonus of $50,000 effective February 2, 2024,
and a grant of restricted stock units effective as of February 15, 2024 with a grant date value of $500,000 (which shall vest in three
equal annual installments contingent upon Mr. Mauldin’s continued service through each such date). Such compensation is in addition
to his normal annual salary of $335,000, target bonus of 40% of his annual salary, and grant of restricted stock units effective as of
May 15, 2024 with a grant date value of $500,000 (which shall vest in three equal annual installments contingent upon Mr. Mauldin’s
continued service through each such date).
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
104 Cover Page Interactive
Data File (formatted as Inline XBRL and contained in Exhibit 101)
SIGNATURE
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 hereunto duly authorized.
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SILICON LABORATORIES INC. |
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|
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January 31, 2024 |
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/s/ Néstor Ho |
Date |
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Néstor Ho |
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Vice President and |
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Chief Legal Officer |
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