UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| ITEM 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On January 19, 2023, the Company’s Board of Directors appointed Haviv Ilan to the position of President and Chief Executive Officer succeeding Richard K. Templeton. The appointment and transition will be effective April 1, 2023. Mr. Templeton will remain Chairman of the Board. Mr. Ilan, 54, is currently a member of the Board and has served in various leadership positions during his tenure with the Company, including, during the past five years, Senior Vice President and his current role as Executive Vice President and Chief Operating Officer. In connection with his appointment, Mr. Ilan will receive an annual base salary of $1,150,000 beginning April 1, 2023. The remainder of Mr. Ilan’s compensation remains unchanged.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| TEXAS INSTRUMENTS INCORPORATED | ||||||
| Date: January 20, 2023 | By: | /s/ Cynthia Hoff Trochu | ||||
| Cynthia Hoff Trochu | ||||||
| Senior Vice President, Secretary and General Counsel | ||||||