01—Abstract
Summary
Summary of the 8-K filed August 25, 2025. Cited figures are marked; the original filing is the authoritative source.
On August 25, 2025, Skyworks Solutions, Inc. announced that Philip Carter will re-join the Company as Senior Vice President and Chief Financial Officer, effective September 8, 2025.
The Board appointed him to these roles on August 23, 2025. Carter previously served as the Company's Vice President, Corporate Controller from February 2017 through November 2024, and since November 2024 has been Corporate Vice President, Chief Accounting Officer at Advanced Micro Devices, Inc. He will succeed Robert A. Schriesheim, a Board member who has served as Interim Chief Financial Officer since May 2025.
Schriesheim will cease as principal financial and principal accounting officer when Carter starts, but will remain on the Board. Carter's compensation package includes an annual base salary of $600,000,a a cash incentive target of 100% of base salary, and an $800,000 signing bonus deemed earned on the 24-month anniversary of his start date, subject to continued employment. He will also receive a $3,000,000 time-vested RSU award over four years and a $3,800,000 performance share award tied to the Company's absolute total shareholder return over the fiscal years starting October 4, 2025 and ending September 29, 2028.
The filing also describes a Change in Control / Severance Agreement with enhanced change-in-control severance of one and a half times base salary plus the greater of his three-year average bonus or target bonus, along with COBRA contributions and equity acceleration. The filing states that Carter is not party to any Item 404(a) related-person transaction and that there are no family relationships with any director or executive officer.
02—Key points
Key Highlights
- Philip Carter returns to Skyworks as Senior Vice President and Chief Financial Officer effective September 8, 2025, appointed by the Board on August 23, 2025.
- Carter previously served as the Company's Vice President, Corporate Controller (February 2017 to November 2024) and since November 2024 has been Corporate Vice President, Chief Accounting Officer at Advanced Micro Devices, Inc.
- Carter succeeds Robert A. Schriesheim, who has been Interim CFO since May 2025 and will remain on the Board.
- Base salary of $600,000 with a cash incentive target of 100% of base salary.
- Equity grants total $6.8 million in stated value: a $3,000,000 RSU award vesting over four years and a $3,800,000 performance share award based on absolute total shareholder return through September 29, 2028.
- An $800,000 signing bonus, deemed earned on the 24-month anniversary of his start date subject to continued employment.
- A Change in Control / Severance Agreement provides 1.5x base salary plus the greater of average three-year bonus or target bonus, plus COBRA contributions and equity acceleration upon a qualifying termination in connection with a change in control.
03—Questions
Frequently Asked Questions
Who is the new Chief Financial Officer of Skyworks Solutions?
Philip Carter, who will re-join the Company as Senior Vice President and Chief Financial Officer effective September 8, 2025. He previously served as the Company's Vice President, Corporate Controller and is currently Corporate Vice President, Chief Accounting Officer at Advanced Micro Devices, Inc.
What happens to the current interim CFO, Robert Schriesheim?
Robert A. Schriesheim, who has served as Interim Chief Financial Officer since May 2025, will cease serving as principal financial officer and principal accounting officer when Carter's employment begins. He will continue serving as a member of the Board of Directors.
What is Carter's compensation package?
The offer letter provides an annual base salary of $600,000, an annual cash incentive target of 100% of base salary, and an $800,000 signing bonus deemed earned on the 24-month anniversary of his start date, subject to continued employment. He will also receive a $3,000,000 RSU award vesting over four years and a $3,800,000 performance share award based on absolute total shareholder return over fiscal years 2025 through 2028.
What severance protections does Carter have?
Under a Change in Control / Severance Agreement, a termination without cause or for good reason in connection with a change in control triggers a payment of 1.5 times base salary plus the greater of his three-year average bonus or target bonus, 18 months of COBRA contributions, and acceleration of certain equity awards. A termination without cause outside a change in control provides 12 months of compensation continuation equal to base salary plus any cash bonus due, 12 months of COBRA contributions, and an extension of option exercise periods.
Does Carter have any related-party transactions or family ties with the company's leadership?
The filing states there are no family relationships between Carter and any director or executive officer of the Company, and that Carter is not party to any transaction required to be disclosed under Item 404(a) of Regulation S-K.
04—Continue