Synaptics Holders Back 1 Million More Plan Shares As 8.97 Million Votes Oppose
Director Patricia Kummrow drew 2.38 million votes against in a separate Synaptics ballot, the most of any of the eight directors elected.
Synaptics stockholders approved a bigger equity incentive plan at Tuesday's annual meeting, adding 1,000,000 shares to the pool, though 8,966,641 shares voted against it, according to an 8-K filed Wednesday. The chip designer's plan passed with 21,519,926 votes for and 40,693 abstentions.
A plan that passed with real opposition
The restated 2019 Equity and Incentive Compensation Plan won 21,519,926 votes for against 8,966,641 opposed, with 40,693 abstentions. Broker non-votes, shares held by brokers who did not vote on the item, came to 5,609,594.
The plan's aggregate share limit is 7,588,000 shares of common stock. Non-employee directors face a $750,000 annual cap on compensation. Awards can go to non-employee directors, officers and other employees, and named executive officers are eligible.
The board approved the plan on July 28, 2026, subject to the stockholder vote. The plan took effect October 27.
Kummrow draws the most votes against
All eight directors were elected to serve until the 2027 annual meeting. Patricia Kummrow drew 2,379,365 votes against and 28,113,898 for, the heaviest opposition of the group. Venkatesh Nathamuni drew the least, with 65,103 against.
Holders ratified KPMG as auditor, 35,640,914 to 428,874. They also backed executive pay in a non-binding vote, 29,665,399 to 804,283, with 57,578 abstaining.
The chip designer behind the vote
Synaptics designs chips and software that let devices run artificial intelligence locally, connect wirelessly and respond to touch, fingerprints, voice and video. Its customers include mobile and PC makers, automotive manufacturers and consumer electronics makers. As of June 2026 it employed about 1,700 people.
Shares present at the start of the meeting totaled 36,136,854, or 91.04% of the 39,692,413 outstanding and entitled to vote as of the August 28 record date.
The new share pool is now available for grants under the plan, and the eight directors serve until the 2027 annual meeting.
Sources
- 8-K Filing — SYNAPTICS Inc (SYNA) — SEC EDGAR
- Exhibit amendedandrestatedequitypl.htm — SYNAPTICS Inc 8-K exhibit — SEC EDGAR
