Qnity Electronics Names Ken Rizvi as CFO, Effective Oct 1, 2026

What Happened
Qnity Electronics, Inc. (Q) filed an 8-K on August 21, 2026 announcing the appointment of Ken Rizvi as Senior Vice President and Chief Financial Officer, effective October 1, 2026. On the Effective Date, Michael Goss will stop serving as Interim CFO and will become Vice President, Finance & Controllership and Principal Accounting Officer. Mr. Rizvi, age 51, joins Qnity from Synaptics (SVP & CFO since July 2024) and previously held senior finance roles at Penguin Solutions (SMART Global), UTAC, Isola, Micron and ON Semiconductor. A press release about the appointment was furnished as Exhibit 99.1.

Key Details

• Effective date: October 1, 2026; 8-K filed August 21, 2026.
• Cash compensation: $600,000 annual base salary; target short-term incentive = 90% of base salary.
• Equity and incentives: $10.0 million equity buyout (60% restricted stock units, 40% performance stock units) with a front‑loaded vesting schedule; a 2026 long‑term incentive award valued at $5.5 million; eligibility for 2026 annual incentive programs.
• Severance and perks: Eligible for the Company’s Senior Executive Severance Plan at the same level as other named executives (except CEO); limited perquisites such as financial planning and an executive physical.
• Other disclosures: No related-person transactions, no family relationships, and no special arrangements reported in connection with the appointment.

Why It Matters
This is a material executive change for Qnity’s finance leadership: a permanent CFO hire (effective Oct. 1) replaces the interim CFO while keeping continuity in the finance organization through Michael Goss’s new controllership role. The compensation package includes significant equity commitments (a $10.0M buyout plus a $5.5M 2026 award), which are intended to replace forfeited awards and promote retention and alignment with shareholder value. Investors should note the timing and size of the equity awards as they relate to potential dilution and executive incentives; the company provided details but no speculative guidance about future financial impact.