MaxLinear Management

Management criteria checks 2/4

MaxLinear's CEO is Kishore Seendripu, appointed in Sep 2003, has a tenure of 20.67 years. total yearly compensation is $8.94M, comprised of 7.8% salary and 92.2% bonuses, including company stock and options. directly owns 4.98% of the company’s shares, worth €73.72M. The average tenure of the management team and the board of directors is 7 years and 7.3 years respectively.

Key information

Kishore Seendripu

Chief executive officer

US$8.9m

Total compensation

CEO salary percentage	7.8%
CEO tenure	20.7yrs
CEO ownership	5.0%
Management average tenure	7yrs
Board average tenure	7.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kishore Seendripu's remuneration changed compared to MaxLinear's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$155m
Dec 31 2023	US$9m	US$701k	-US$73m
Sep 30 2023	n/a	n/a	-US$4m
Jun 30 2023	n/a	n/a	US$65m
Mar 31 2023	n/a	n/a	US$101m
Dec 31 2022	US$9m	US$701k	US$125m
Sep 30 2022	n/a	n/a	US$122m
Jun 30 2022	n/a	n/a	US$103m
Mar 31 2022	n/a	n/a	US$72m
Dec 31 2021	US$6m	US$621k	US$42m
Sep 30 2021	n/a	n/a	-US$11m
Jun 30 2021	n/a	n/a	-US$57m
Mar 31 2021	n/a	n/a	-US$79m
Dec 31 2020	US$6m	US$589k	-US$99m
Sep 30 2020	n/a	n/a	-US$82m
Jun 30 2020	n/a	n/a	-US$50m
Mar 31 2020	n/a	n/a	-US$31m
Dec 31 2019	US$5m	US$551k	-US$20m
Sep 30 2019	n/a	n/a	-US$11m
Jun 30 2019	n/a	n/a	-US$21m
Mar 31 2019	n/a	n/a	-US$33m
Dec 31 2018	US$4m	US$538k	-US$26m
Sep 30 2018	n/a	n/a	-US$46m
Jun 30 2018	n/a	n/a	-US$41m
Mar 31 2018	n/a	n/a	-US$16m
Dec 31 2017	US$3m	US$492k	-US$9m

Compensation vs Market: Kishore's total compensation ($USD8.94M) is above average for companies of similar size in the German market ($USD1.49M).

Compensation vs Earnings: Kishore's compensation has increased whilst the company is unprofitable.

CEO

Kishore Seendripu (54 yo)

20.7yrs

Tenure

US$8,935,197

Compensation

Dr. Kishore Seendripu, Ph.D. is a Co-Founder and has served as Chairman, President, and Chief Executive Officer of MaxLinear, Inc. since inception in September 2003 and also serves as its Director. From J...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kishore Seendripu	Co-Founder	20.7yrs	US$8.94m	4.98% $ 73.7m
Steven Litchfield	CFO & Chief Corporate Strategy Officer	5.8yrs	US$2.92m	0.26% $ 3.9m
Connie Kwong	Corporate Controller & Principal Accounting Officer	8.3yrs	US$666.44k	0.053% $ 778.2k
Michelle Sayer	General Counsel & Chief Compliance Officer	2yrs	US$698.06k	0.013% $ 197.8k
Michael Bollesen	Vice President of Sales	5.8yrs	US$1.64m	0.14% $ 2.0m
Curtis Ling	Co-Founder & Chief Technical Officer	18.1yrs	US$1.08m	1.19% $ 17.7m
William Jones	Vice President of Worldwide Operations	3.6yrs	US$3.06m	0.032% $ 479.5k
Brian Nugent	Head-Investor Relations	no data	no data	no data
Kathi Guiney	Vice President of Human Resources	12.5yrs	no data	no data

7.0yrs

Average Tenure

54yo

Average Age

Experienced Management: JMX's management team is seasoned and experienced (7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kishore Seendripu	Co-Founder	20.7yrs	US$8.94m	4.98% $ 73.7m
Gregory Dougherty	Independent Director	4.2yrs	US$295.00k	0.026% $ 377.6k
Albert Moyer	Independent Director	14.6yrs	US$299.35k	0.084% $ 1.2m
Thomas Pardun	Independent Lead Director	14.8yrs	US$362.50k	0.080% $ 1.2m
Daniel Artusi	Independent Director	5.5yrs	US$291.85k	0.036% $ 530.4k
Carolyn Beaver	Independent Director	5.4yrs	US$310.00k	0.014% $ 203.4k
Theodore Tewksbury	Independent Director	9yrs	US$308.06k	0.085% $ 1.3m
Tsu-Jae Liu	Independent Director	3.2yrs	US$287.50k	0.022% $ 318.7k

7.3yrs

Average Tenure

66yo

Average Age

Experienced Board: JMX's board of directors are considered experienced (7.3 years average tenure).

MaxLinear Management

Management criteria checks 2/4

Key information

Recent management updates

MaxLinear, Inc., Annual General Meeting, May 23, 2024

Independent Director recently sold €217k worth of stock

Insufficient new directors

Insider recently sold €4.4m worth of stock

Vice President of Sales recently sold €210k worth of stock

Insider recently sold €816k worth of stock

Recent updates

MaxLinear, Inc. Provides Earnings Guidance for the Second Quarter 2024

First quarter 2024 earnings released: US$0.88 loss per share (vs US$0.12 profit in 1Q 2023)

MaxLinear, Inc., Annual General Meeting, May 23, 2024

MaxLinear, Inc. Announces the Development of the Rushmore Family of 200G/lane PAM4 Digital Signal Processors

Optomind and MaxLinear, Inc. Demonstrate 800G LRO Optical Modules and AOCs At OFC2024

Independent Director recently sold €217k worth of stock

Maxlinear Launches Single Chip for 5G Open Ran Radio Units

Maxlinear, Inc. Launches Product Design Kit for Active Electrical Cables Using Keystone Pam4 Dsp

New minor risk - Profitability

MaxLinear, Inc. Provides Earnings Guidance for the First Quarter of 2024

Full year 2023 earnings released: US$0.91 loss per share (vs US$1.60 profit in FY 2022)

MaxLinear, Inc. to Report Q4, 2023 Results on Jan 31, 2024

Now 22% undervalued after recent price drop

MaxLinear, Inc. Launches Single-Port 1G Ethernet PHY Family Aimed at Both Consumer and Industrial IOT Applications

MaxLinear, Inc. Provides Revenue Guidance for the Fourth Quarter of 2023

Now 24% undervalued after recent price drop

MaxLinear, Inc. Advances Power Management Delivers Sub-5-Watt for Wi-Fi 7 XGS-PON Home Routers and Gateway Platforms

Maxlinear, Inc. Announces Availability of Puma™? 8, Its Docsis®? 4.0 Cable Modem and Gateway Platform

MaxLinear, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Now 21% undervalued after recent price drop

Bronstein, Gewirtz & Grossman, Llc Notifies Investors That Class Action Lawsuit Has Been Filed Against Maxlinear, Inc

MaxLinear, Inc. Announces Production Availability of Panther III Storage Acceleration OCP Adapter Card

Second quarter 2023 earnings released: US$0.054 loss per share (vs US$0.41 profit in 2Q 2022)

New major risk - Revenue and earnings growth

MaxLinear, Inc. to Report Q2, 2023 Results on Jul 26, 2023

MaxLinear, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Now 20% undervalued after recent price drop

MaxLinear, Inc. Launches Family of Half-Duplex RS-485 Transceivers Designed for Peak Performance in Demanding Industrial Environments

MaxLinear, Inc. Expands Its Diverse Ethernet Portfolio with 2.5G Ethernet Switches and Eight Port 2.5G Enterprise PHY's

Now 21% undervalued after recent price drop

Investor sentiment improves as stock rises 16%

Investor sentiment deteriorates as stock falls 17%

First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.43 in 1Q 2022)

Insufficient new directors

Now 23% undervalued after recent price drop

Insider recently sold €4.4m worth of stock

Full year 2022 earnings released: EPS: US$1.60 (vs US$0.55 in FY 2021)

Maxlinear, Inc. Provides Revenue Guidance for the First Quarter of 2023

MaxLinear, Inc. to Report Q4, 2022 Results on Feb 01, 2023

Vice President of Sales recently sold €210k worth of stock

Now 22% undervalued

Third quarter 2022 earnings released: EPS: US$0.36 (vs US$0.12 in 3Q 2021)

MaxLinear, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

MaxLinear, Inc. Launches Its Gateway & Access Platform with Wi-Fi 7 Family of SoCs

MaxLinear, Inc. to Report Q3, 2022 Results on Oct 25, 2022

MaxLinear, Inc. Brings Fully Converged Access Platform and Unprecedented Scalability to Home Gateway Design

MaxLinear, Inc. Unveils Panther Iii – High-Performing Dpu Storage Accelerator

Second quarter 2022 earnings released: EPS: US$0.41 (vs US$0.01 in 2Q 2021)

MaxLinear, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Investor sentiment improved over the past week

MaxLinear, Inc. to Report Q2, 2022 Results on Jul 27, 2022

MaxLinear, Inc. Announces the Next-Generation MODEM Development within its MxL852xx Product Line

Investor sentiment improved over the past week

MaxLinear, Inc. (NasdaqGS:MXL) agreed to acquire Silicon Motion Technology Corporation (NasdaqGS:SIMO) for $3.9 billion.

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: US$0.43 (vs US$0.051 in 1Q 2021)

MaxLinear, Inc. Provides Earnings Guidance for the Second Quarter of 2022

Maxlinear Expands Portfolio of Industrial Ethernet Products with A Quad-Port 2.5Gbase-T PHY and 1Gbase-T Switches

Now 27% undervalued after recent price drop

Insider recently sold €816k worth of stock

Now 22% undervalued after recent price drop

MaxLinear, Inc. and Sumitomo Electric Device Innovations, Inc. Announce Availability of FOTON: 400G-DR4 QSFP-DD Reference Platform Based on Keystone 5nm 400G DSP

MaxLinear, Inc. Announces Single-Chip Solution for 5G Open Ran Radio Units

MaxLinear Develops High Efficiency 5G Open RAN Radio Platform on Intel Agilex FPGA

Independent Director recently sold €695k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Maxlinear, Inc. Provides Revenue Guidance for the First Quarter of 2022

Forecast breakeven date pushed back to 2022

Vice President of Worldwide Operations recently sold €791k worth of stock