Qorvo, Inc. (NASDAQ:QRVO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December 22, 2016, Qorvo, Inc. (the “Company”) announced the election of Susan L. Spradley to the Board of Directors of the Company (the “Board”), effective January 1, 2017. Ms. Spradley will serve until the Company’s 2017 annual meeting of stockholders and until her successor is duly elected and qualified, or until her earlier death, resignation or removal. Ms. Spradley has also been concurrently appointed to the Governance and Nominating Committee of the Board.

In connection with her election as a non-employee director, Ms. Spradley will receive a pro rata portion of the $80,000 annual retainer for service as a director for the remaining portion of the current term of the Company’s directors. Also, Ms. Spradley will receive an award equivalent to a pro rata portion of the annual $190,000 of restricted stock units (“RSUs”) that the Company provides to its non-employee directors. These RSUs will fully vest on the date of the Company’s first annual meeting of stockholders following the grant and are subject to accelerated vesting in certain circumstances.

In addition, it is expected that Ms. Spradley 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, as filed with the Securities and Exchange Commission on January 5, 2015, and is incorporated herein by reference.

There are no arrangements or understandings between Ms. Spradley and any other persons to which she was elected as a member of the Board. Ms. Spradley has no direct or indirect material interest in any transaction required to be disclosed About Qorvo, Inc. (NASDAQ:QRVO)
Qorvo, Inc. is a provider of technologies and radio frequency (RF) solutions for mobile, infrastructure and defense and aerospace applications. The Company designs, develops, manufactures and markets its products to the United States and international original equipment manufacturers (OEMs) and original design manufacturers (ODMs). Its segments include Mobile Products (MP) and Infrastructure and Defense Products (IDP). The MP segment is a supplier of radio frequency (RF) solutions that perform various functions in the cellular radio front end section of smartphones and other cellular devices. The IDP segment is a supplier of RF solutions that support various global applications, including ubiquitous high-speed network connectivity to the cloud, data center communications, Internet connectivity throughout the home and workplace, and upgraded military capabilities across the globe. It operates design, sales and manufacturing facilities located throughout Asia, Europe and North America. Qorvo, Inc. (NASDAQ:QRVO) Recent Trading Information
Qorvo, Inc. (NASDAQ:QRVO) closed its last trading session up +0.43 at 55.53 with 1,073,153 shares trading hands.