Qorvo Inc. Announces Revised Executive Compensation Terms with Enhanced Severance Benefits

Reuters
08/16
Qorvo Inc. Announces Revised Executive Compensation Terms with Enhanced Severance Benefits

Qorvo Inc. has announced changes to the compensation arrangements for its named executive officers, excluding CEO Robert A. Bruggeworth. The company's Board of Directors has approved an Amended and Restated Change in Control Agreement, increasing the cash severance multiple from 1x to 1.5x for executives, except for CFO Grant A. Brown, whose multiple remains unchanged. The COBRA coverage period has been extended from 12 to 18 months, and performance-based equity awards will be measured at the greater of target and actual performance. Additionally, an Executive Severance Plan was adopted, providing a cash severance payment equal to the executive's base salary plus annualized target bonus, a pro-rata annual bonus based on actual performance, 12 months of COBRA coverage, and one year of continued vesting of equity awards in exchange for a non-compete agreement, in the event of a qualifying termination not linked to a change in control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Qorvo Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-25-010379), on August 15, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10