Qorvo Inc. filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
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ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 16, 2025, the Board of Directors (the “Board”) of Qorvo, Inc. (the “Company”) resolved to: (i) increase the size of the Board to 10 directors; and (ii) include Peter Feld as one of the Company’s director nominees in the Company’s proxy statement for the Company’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”). The Board has also resolved to recommend that the Company’s stockholders vote in favor of electing all of the Company’s director nominees, including Mr. Feld, in the Company’s proxy statement for the 2025 Annual Meeting.
Once Mr. Feld is elected as a non-employee director, Mr. Feld will be compensated for his service in accordance with the Company’s director compensation program.
In addition, it is expected that Mr. Feld will enter into the Company’s standard form of indemnification agreement. The form of indemnification agreement was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, which was filed with the Securities and Exchange Commission on January 5, 2015, and is incorporated herein by reference. The committees of the Board to which Mr. Feld would be named have not yet been determined as of the date hereof.
There are no arrangements or understandings between Mr. Feld and any other persons pursuant to which Mr. Feld would be nominated or selected as a director nominee of the Board. Mr. Feld has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
ITEM 8.01. Other Events.
On May 19, 2025, the Company issued a press release announcing the inclusion of Mr. Feld as one of the Company’s director nominees in the Company’s proxy statement for the 2025 Annual Meeting. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
| (d) | Exhibits | |
| Exhibit No. | Description | |
| 99.1 | Press release dated May 19, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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 hereunto duly authorized.
| Qorvo, Inc. | ||||
| Date: | May 19, 2025 | By: | /s/ Grant A. Brown | |
| Name: | Grant A. Brown | |||
| Title: | Chief Financial Officer | |||