MaxLinear Announces New Employee Inducement Grants

Rhea-AI Summary

MaxLinear (Nasdaq: MXL), a provider of RF, analog, digital and mixed-signal integrated circuits, has announced the granting of equity awards, known as Inducement Grants, to newly hired employees. These grants were made under the company's 2024 Inducement Equity Incentive Plan and received prior approval from MaxLinear's Compensation Committee of the Board of Directors. Detailed information about the equity awards is available on the company's investor relations website.

Positive

• Implementation of new employee equity incentive plan to attract and retain talent

Negative

• Potential shareholder dilution from new equity awards

CARLSBAD, Calif.--(BUSINESS WIRE)-- MaxLinear, Inc. (Nasdaq: MXL)(“MaxLinear”), a leading provider of RF, analog, digital and mixed-signal integrated circuits, today announced that it has granted equity awards (“the Inducement Grants”) under its 2024 Inducement Equity Incentive Plan to newly hired employees. The Inducement Grants were previously approved by the Compensation Committee of the Board of Directors of MaxLinear.

Information regarding the equity awards can be found on MaxLinear’s investor relations website at: https://investors.maxlinear.com/

About MaxLinear, Inc.

MaxLinear, Inc. (NASDAQ: MXL) is a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multi-market applications. MaxLinear is headquartered in Carlsbad, California. For more information, please visit www.maxlinear.com.

MXL is MaxLinear’s registered trademark. Other trademarks appearing herein are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250219664391/en/

MaxLinear, Inc. Investor Relations Contact:

Leslie Green

lgreen@maxlinear.com

Source: MaxLinear, Inc.

FAQ

What is the purpose of MaxLinear's 2024 Inducement Equity Incentive Plan?

The 2024 Inducement Equity Incentive Plan is designed to provide equity awards to newly hired employees as an incentive for joining MaxLinear, helping the company attract and retain talent.

How will the new Inducement Grants affect MXL shareholders?

The Inducement Grants may result in some dilution of existing shareholders' ownership as new shares are issued to employees under the equity incentive plan.

When did MaxLinear (MXL) implement the new Inducement Grants?

MaxLinear implemented the Inducement Grants in 2024 as part of their new Inducement Equity Incentive Plan, after receiving approval from the Compensation Committee.

What types of equity awards are included in MXL's Inducement Grants?

The specific details of the equity awards can be found on MaxLinear's investor relations website, as referenced in the announcement.