01—Abstract
Summary
Summary of the 8-K filed August 21, 2026. Cited figures are marked; the original filing is the authoritative source.
Qnity Electronics, Inc. (NYSE: Q) announced on August 21, 2026 that Ken Rizvi has been appointed Senior Vice President and Chief Financial Officer, effective October 1, 2026.
Michael Goss, currently Interim Chief Financial Officer, will step down from that role on the effective date and serve as Vice President, Finance & Controllership and Principal Accounting Officer. The filing is primarily a leadership transition disclosure rather than a report of financial results. Mr. Rizvi, age 51, most recently served as SVP and CFO of Synaptics, a position he has held since July 2024.
Earlier roles include SVP and CFO of Penguin Solutions, Inc. (previously SMART Global Holdings) from February 2021 to June 2024, and prior CFO positions at UTAC Holdings Ltd. and Isola Group, along with senior finance roles at Micron Technology and ON Semiconductor. The filing describes a compensation package including a $600,000a annual base salary, a 90% target short-term incentive, and a $10.0 million equity buyout award split 60% restricted stock units and 40% performance stock units, plus a $5.5 million 2026 annual long-term incentive award.
For investors, the key points are the continuity of finance leadership under a new permanent CFO and the scale of the sign-on equity buyout, which is designed to replace forfeited awards from his prior employer. The filing also notes that Mr. Rizvi's appointment was not made under any arrangement with another person, and that no related-party transactions requiring disclosure exist.
02—Key points
Key Highlights
- Ken Rizvi appointed Senior Vice President and Chief Financial Officer, effective October 1, 2026
- Michael Goss moves from Interim CFO to Vice President, Finance & Controllership and Principal Accounting Officer on the effective date
- Base salary of $600,000 with a target short-term incentive of 90% of base salary
- $10.0 million equity buyout award (60% restricted stock units, 40% performance stock units) to replace forfeited awards
- 2026 annual long-term incentive award valued at $5.5 million, plus full-year annual incentive eligibility
- Rizvi's prior roles include CFO of Synaptics (since July 2024) and CFO of Penguin Solutions, Inc. (February 2021 to June 2024)
- Filing includes a Regulation FD press release (Exhibit 99.1) announcing the appointment
03—Questions
Frequently Asked Questions
Who is the new CFO of Qnity Electronics and when does he take over?
Ken Rizvi, age 51, has been appointed Senior Vice President and Chief Financial Officer, effective October 1, 2026.
What happens to the current interim CFO, Michael Goss?
On the effective date, Michael Goss will cease serving as Interim Chief Financial Officer and will become Vice President, Finance & Controllership and Principal Accounting Officer.
What is included in Mr. Rizvi's compensation package?
The package includes a $600,000 annual base salary, a target short-term incentive of 90% of base salary, a $10.0 million equity buyout award (60% RSUs and 40% PSUs) designed to replace forfeited awards, and a 2026 annual long-term incentive award valued at $5.5 million.
What happens to the buyout equity if Mr. Rizvi is terminated without cause?
Consistent with his forfeited awards, the restricted stock units will accelerate vesting upon an involuntary termination without cause, while the performance stock units will remain outstanding and eligible to vest based on performance metrics.
What is Mr. Rizvi's background?
He most recently served as SVP and CFO of Synaptics since July 2024, and previously as SVP and CFO of Penguin Solutions, Inc. (February 2021 to June 2024). He also held CFO roles at UTAC Holdings Ltd. and Isola Group and senior leadership roles at Micron Technology and ON Semiconductor. He holds an Executive MBA from Arizona State University and a B.A. in Economics from Yale University.
04—Continue