MAXIM INTEGRATED PRODUCTS, INC. (NASDAQ:MXIM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

MAXIM INTEGRATED PRODUCTS, INC. (NASDAQ:MXIM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 17, 2017, Maxim Integrated Products, Inc. (“Maxim” or the “Company”) appointed Sumeet Gagneja to serve as Maxim’s principal accounting officer and as a vice president, effective immediately.

Mr. Gagneja, age 47, has served as Maxim’s corporate controller since August 2016 and, prior to that, served as Maxim’s managing director of internal audit from November 2013 to August 2016, Maxim’s managing director of finance from September 2013 to November 2013, and Maxim’s executive director of finance from January 2011 to August 2013. Prior to joining Maxim, Mr. Gagneja held various finance positions at Broadcom Limited (previously Avago Technologies) and Intel Corporation. Mr. Gagneja received a B.S. in Mechanical Engineering from Punjab Engineering College, a M.S. degree in Mechanical Engineering from Wayne State University, and a M.B.A. degree from the University of Michigan (Stephen M. Ross) School of Business.

Mr. Gagneja is eligible to participate in the compensatory program applicable to other employees commensurate with his level. The Company has entered into the Company’s standard indemnification agreement with Mr. Gagneja, the form of which was filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended June 25, 2005. There are no family relationships between Mr.Gagneja and any director or executive officer of the Company and he has no direct or indirect material interest in any transaction required to be disclosed to Item404(a) of Regulation S-K.

Following the appointment, Mr. Gagneja will continue to report to Maxim's principal financial officer, Bruce E. Kiddoo, in connection with the performance of his duties. Mr. Kiddoo will remain Maxim’s principal financial officer following Mr. Gagneja’s appointment as vice president and principal accounting officer.


About MAXIM INTEGRATED PRODUCTS, INC. (NASDAQ:MXIM)

Maxim Integrated Products, Inc. is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets. It offers a range of products, such as switching regulators, battery management, isolated power, charge pumps, linear regulators, light emitting diode (LED) drivers, motor driver integrated circuits (ICs), monitors and sequencers, transceivers, controllers and expanders, level translators, signal line protection ICs, broadband switches, powerline communications, real-time clocks, embedded security, microcontrollers, 1-Wire, iButton, data loggers, clock generation and distribution, memory products, optical, signal integrity, high-speed signaling, and display power and control.

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