SYNAPTICS Inc 8-K

What Happened
Synaptics Incorporated (SYNA) filed an 8-K (Item 5.02) reporting that its Board increased from eight to nine members and appointed Venkatesh Nathamuni as an independent director, effective January 1, 2026. The Board named him to the Audit Committee and determined he qualifies as an “audit committee financial expert.” Mr. Nathamuni’s service is expected to be presented for election at Synaptics’ 2026 Annual Meeting of Stockholders.

Key Details

• Board size increased from 8 to 9 directors, effective January 1, 2026.
• Mr. Nathamuni’s recent roles include Executive VP & CFO of Jacobs (since June 2024) and CFO of Cirrus Logic (2022–2024); prior senior roles at Arista Networks, J.P. Morgan, Synopsys, Synplicity, and QuickLogic.
• Compensation: pro‑rata cash retainers (annualized $75,000 for board service and $10,000 for Audit Committee service for the Oct 2025–Sep 2026 term) and 2,300 RSUs granted Jan 2, 2026 (equivalent to $210,000 based on $75.22 average December 2025 price). RSUs vest quarterly Feb 3, May 3, Aug 3, and Nov 3, 2026, subject to continued service.
• An indemnification agreement with Mr. Nathamuni is effective Jan 1, 2026. The company reported no related-party transactions > $120,000 involving him since the start of its last fiscal year.

Why It Matters
This appointment adds senior finance experience to Synaptics’ board and specifically strengthens audit oversight by adding a designated audit committee financial expert. For investors, the change is a governance update (Item 5.02) rather than an operational or financial disclosure — note the standard director compensation and equity grant disclosed, and that his appointment will be subject to shareholder vote at the 2026 annual meeting.