indie Semiconductor Announces New Employee Inducement Grants

Rhea-AI Summary

indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, has announced the granting of equity awards under its 2023 Inducement Incentive Plan to new employees. These Inducement Grants were previously approved by the company's Compensation Committee of the Board of Directors. The announcement aims to provide transparency regarding employee compensation and incentives. Detailed information about the equity awards is available on indie Semiconductor's investor relations website.

Positive

• Attracting new talent with equity incentives
• Transparency in employee compensation practices

Negative

• None.

ALISO VIEJO, Calif.--(BUSINESS WIRE)-- indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, today announced that it has granted equity awards (the “Inducement Grants”) under its 2023 Inducement Incentive Plan to new employees who joined indie. The grants were previously approved by the Compensation Committee of the Board of Directors of indie Semiconductor. Information regarding the equity awards can be found on the company's investor relations website at: https://investors.indiesemi.com/news/default.aspx

About indie

indie is empowering the automotive revolution with next generation semiconductors and software platforms. We focus on developing innovative, high-performance and energy-efficient technology for ADAS, in-cabin user experience and electrification applications. Our mixed-signal SoCs enable edge sensors spanning Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded system control, power management and interfacing solutions transform the in-cabin experience and accelerate increasingly automated and electrified vehicles. We are an approved vendor to Tier 1 partners and our solutions can be found in marquee automotive OEMs worldwide. Headquartered in Aliso Viejo, CA, indie has design centers and regional support offices across the United States, Canada, Argentina, Scotland, Germany, Hungary, Morocco, Israel, Japan, South Korea, Switzerland and China.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240920016783/en/

Investor Relations

ir@indiesemi.com

Source: indie Semiconductor

FAQ

What are the Inducement Grants announced by indie Semiconductor (INDI)?

indie Semiconductor announced equity awards granted to new employees under its 2023 Inducement Incentive Plan. These grants were approved by the company's Compensation Committee of the Board of Directors.

Where can investors find information about indie Semiconductor's (INDI) equity awards?

Detailed information about indie Semiconductor's equity awards can be found on the company's investor relations website at https://investors.indiesemi.com/news/default.aspx.

What is the purpose of indie Semiconductor's (INDI) 2023 Inducement Incentive Plan?

The 2023 Inducement Incentive Plan is designed to provide equity awards to new employees joining indie Semiconductor, likely as an incentive for attracting and retaining talent in the competitive automotive solutions industry.