GlobeNewswire·Aug 21, 2026, 7:00 AM ET

Synaptics Announces Chief Financial Officer Transition

Ken Rizvi resigned as Chief Financial Officer of Synaptics Incorporated effective immediately to pursue another opportunity.
Rizvi will serve in an advisory role through September 30, 2026, to assist with the transition of responsibilities.
Synaptics will not conduct a search for a successor CFO due to the pending merger with onsemi announced on June 25, 2026.
Rahul Patel, President & CEO, will serve as the principal financial officer until the merger closes.
Kermit Nolan, former Chief Accounting Officer, is returning as a consultant to advise the internal team during the transition.
Patel stated that Synaptics' strategic priorities regarding Edge AI & Physical AI markets remain unchanged.
The merger between Synaptics & onsemi requires stockholder approval & regulatory clearance before closing.
Forward-looking statements regarding the transaction are subject to risks including regulatory approval, litigation, & integration challenges.
A Registration Statement on Form S-4 containing a proxy statement/prospectus will be filed with the SEC for the proposed transaction.