Skyworks Solutions said the Compensation Committee of its Board of Directors approved the Fiscal Year 2025 Executive Incentive Plan on December 12, 2024. The plan pays cash incentives based on performance metrics for fiscal 2025.

1. 01

   Skyworks Solutions said the Compensation Committee of its Board of Directors approved the Fiscal Year 2025 Executive Incentive Plan on December 12, 2024. The plan pays cash incentives based on performance metrics for fiscal 2025.

2. 02

   The company said the plan's annual goals are tied to revenue and non-GAAP operating income metrics that the Compensation Committee approves in advance. It also said the plan sets minimum performance metrics that must be met before any incentives are paid.

3. 03

   The company said the CEO can earn a cash incentive of 160% of base salary and the Senior Vice President and Chief Financial Officer can earn 100% of base salary if the company achieves target performance metrics. It said the awards can reach up to 2 times target if the company exceeds those metrics.

4. 04

   The company said 3 Senior Vice Presidents (Technology and Manufacturing, Sales and Marketing, and General Counsel and Secretary) can earn 80% of base salary if the target performance metrics are achieved. It said the Compensation Committee will determine the extent to which the metrics were attained after the fiscal year ends, and that the committee has discretion to approve payment of common stock in lieu of cash.

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