Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Silicon Labs Names New Prez, CFO, HR VP

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Austin, Tex.-based Silicon Labs (NASDAQ: SLAB  ) has a new Chief Financial Officer -- and a new President, too.

On Thursday, the "fabless" semiconductor company announced it has promoted vice president of business development John Hollister to the position of Chief Financial Officer. Effective June 30, he will assume this office, while the person currently serving as interim CFO, Bill Bock, will switch over to company President. Rounding out the day's changes, Silicon Labs also noted that it has promoted Lyn Herr to the position of vice president of worldwide human resources.

Simultaneously with these announcements, Silicon Labs reported, in a filing with the SEC, that it will be paying Bock an annual base salary of $375,000, plus:

  • an annual bonus targeting 100% of base salary
  • 35,000 restricted stock units (RSUs), each of which has the value of one share of common stock
  • 25,000 market stock units (MSUs), the translation into value in terms of common stock shall be determined "based upon the performance of Silicon Laboratories' stock price relative to the Philadelphia Semiconductor Sector Total Return Index over a three year period commencing as of July 1, 2013"

Hollister will be paid a $300,000 annual salary, plus a bonus targeting 75% of salary, 15,000 RSUs, and 20,000 MSUs.

Herr's compensation was not disclosed.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2452575, ~/Articles/ArticleHandler.aspx, 9/29/2016 1:33:37 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 3 hours ago Sponsored by:
DOW 18,339.24 110.94 0.61%
S&P 500 2,171.37 11.44 0.53%
NASD 5,318.55 12.84 0.24%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/28/2016 4:00 PM
SLAB $56.84 Up +0.39 +0.69%
Silicon Laboratori… CAPS Rating: ***