Silicon Labs approves replacement severance agreements for CEO and four executives
Silicon Laboratories' Compensation Committee approved new severance agreements on July 9, 2024, for CEO Matt Johnson and four other executives, replacing agreements set to expire October 31, 2024. The company says the new agreements are substantially similar to the expiring ones and run until October 31, 2027.
Key points
- Agreements approved July 9, 2024; replace agreements scheduled to expire October 31, 2024
- CEO Matt Johnson's change-in-control package is 200% of base salary and 200% of target variable compensation, with 24 months of COBRA coverage
- Other covered executives: Dean Butler, Robert Conrad, Brandon Tolany and Mark Mauldin, at 100% of base salary and target variable compensation
- Agreements are effective until October 31, 2027
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 15, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.