Synaptics Inc. CFO Resigns; CEO Interim CFO Ahead of ON Semiconductor Merger

What Happened

• Synaptics (SYNA) announced on August 21, 2026 (8-K) that Chief Financial Officer Ken Rizvi resigned effective August 20, 2026 to pursue another opportunity. Rizvi will remain in an advisory role through September 30, 2026 and will continue to receive his current compensation and benefits until his employment ends.
• The company will not search for a new CFO due to the pending merger with ON Semiconductor Corporation (announced June 25, 2026). Effective upon Rizvi’s resignation, President and Chief Executive Officer Rahul Patel will serve as Synaptics’ principal financial officer through the closing of the merger; he will not receive additional compensation for this interim role.
• The filing also included a Regulation FD disclosure regarding the proposed merger, forward‑looking statements, and instructions that the formal proxy/prospectus will be provided in a Form S-4 filing.

Key Details

• Date of resignation: August 20, 2026; advisory period through September 30, 2026.
• Interim arrangement: CEO Rahul Patel becomes principal financial officer until merger close; no extra pay for interim duties.
• Company decision: No active search for a successor CFO while the ON Semiconductor merger is pending (announced June 25, 2026).
• Disclosure: Forward‑looking risk factors and instructions to review the forthcoming Form S-4/proxy statement for full transaction details.

Why It Matters

• Operational continuity: The CFO transition is being handled internally (CEO assumes financial officer duties) to maintain continuity through a material corporate event — the pending ON Semiconductor merger. That reduces near‑term disruption risk but concentrates responsibilities at the CEO level.
• Merger context: Because the company is pausing a CFO search due to the pending transaction, investors should watch the forthcoming proxy/prospectus (Form S-4) for details on timing, risks, and any additional governance or leadership changes tied to the merger.
• No dispute reported: The filing states the resignation was not due to any disagreement with Synaptics on operations, accounting or policies, and Mr. Rizvi will be available through September 30 to assist the transition.