Recent Updates — SYNA

At its October 27, 2026 Annual Meeting of Stockholders, Synaptics Incorporated shareholders approved an amendment and restatement of the Amended and Restated 2019 Equity and Incentive Compensation Plan. The approval adds 1,000,000 shares to the pool authorized for issuance under the plan, which was previously approved by the Board on July 28, 2026. Shareholders also ratified the appointment of KPMG LLP as independent auditor and adopted a non-binding advisory resolution on executive compensation. The company develops semiconductor products and software solutions for mobile devices and other consumer electronics.

Synaptics announced that Esther Song resigned from her roles as Vice President, Corporate Controller and Principal Accounting Officer, effective October 28, 2026. The company appointed current Vice President of Finance Kermit Nolan to serve as the new Principal Accounting Officer starting on the same date. Mr. Nolan will not receive additional compensation for this role. The resignation was not due to any disagreements with management regarding operations or accounting policies. Synaptics develops and licenses semiconductor products, including touch controllers and audio codecs, primarily for mobile devices and other consumer electronics.

Synaptics Incorporated amended its merger agreement with ON Semiconductor Corporation, switching from an all-stock transaction to an all-cash deal valued at approximately $5.7 billion. Under the revised terms announced on October 1, 2026, Synaptics shareholders will receive $123 per share in cash, down from the previous valuation of approximately $7 billion. The change follows an unsolicited proposal from a third party that was initially deemed superior but subsequently rejected after further negotiations with ON Semiconductor. The transaction is expected to close by mid-2027, subject to shareholder approval and regulatory clearances, including Hart-Scott-Rodino approval already obtained. Synaptics operates in the semiconductor industry, providing intelligent edge processing, wireless connectivity, and sensing solutions for connected devices.

Synaptics Incorporated entered into a Merger Agreement with ON Semiconductor Corporation and its subsidiary, Sonic Acquisition Corp., on June 25, 2026. Under the terms of the merger, Synaptics common stock will be converted into 1.350 shares of Parent common stock for each share held. The transaction is subject to exchange and regulatory-related closing conditions, including stockholder vote and registration statement effectiveness. Synaptics operates in the semiconductor industry, providing human interface and analog mixed-signal solutions.