Tech — Hardware
MaxLinear Executive Compensation (FY25)
MXL · Carlsbad, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 21, 2026
220 figures on this page: 210 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
Total compensation for Kishore Seendripu, Chairman, President and Chief Executive Officer, came to $7,817,568 in fiscal 2025, and compared with the $26,387,151 reported for fiscal 2024, Seendripu's total was 70.4% lower. For fiscal 2025, the company reported a chief executive pay ratio of 55:1, against median employee compensation of $142,349. For fiscal 2025, shareholders backed the say-on-pay proposal with 85.0% of votes cast for or against in favor at the meeting held May 20, 2026. The disclosed peer group includes Allegro MicroSystems, Inc., Alpha & Omega Semiconductor, Inc., Ambarella, Inc., Ciena Corporation and Cirrus Logic, Inc., among others.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kishore Seendripu: $26,387,151 → $7,817,568 (70.4% lower)
Say-on-pay support: 30.0% → 85.0% (55.0 points higher)
CEO pay ratio: 202:1 → 55:1 (72.8% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is MaxLinear's chief executive and what were they paid?
Total compensation for Kishore Seendripu, Chairman, President and Chief Executive Officer, came to $7,817,568 in fiscal 2025. Compared with the $26,387,151 reported for fiscal 2024, Seendripu's total was 70.4% lower.
What was MaxLinear's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 85.0% of votes cast for or against in favor at the meeting held May 20, 2026.
Which companies are in MaxLinear's peer group?
The disclosed peer group includes Allegro MicroSystems, Inc., Alpha & Omega Semiconductor, Inc., Ambarella, Inc., Ciena Corporation and Cirrus Logic, Inc., among others.
What is MaxLinear's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 55:1, against median employee compensation of $142,349.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kishore Seendripu Chairman, President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
William G. Torgerson Vice President and General Manager, Broadband Group | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Steven Litchfield Chief Financial Officer and Chief Corporate Strategy Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
James Lougheed Vice President, Marketing High Performance Analog | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
W. Kelly Jones Vice President, Worldwide Operations | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kishore Seendripu Chairman, President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Steven Litchfield Chief Financial Officer and Chief Corporate Strategy Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
William Torgerson Vice President and General Manager, Broadband Group | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Madhukar Reddy Vice President, Worldwide Engineering | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Michael Bollesen Vice President, Sales | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Michelle Sayer General Counsel and Chief Compliance Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Connie Kwong Corporate Controller and Principal Accounting Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kishore Seendripu Chairman, President and Chief Executive Officer | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Steven Litchfield Chief Financial Officer and Chief Corporate Strategy Officer | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
William G. Torgerson Vice President and General Manager Broadband Group through January 3, 2025 | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Michelle Sayer General Counsel and Chief Compliance Officer through October 1, 2024 | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Connie Kwong Corporate Controller and Principal Accounting Officer | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kishore Seendripu Chairman, President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Steven Litchfield Chief Financial Officer and Chief Corporate Strategy Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
William G. Torgerson Vice President and General Manager Broadband Group through January 3, 2025 | ◇ | — | — | — | — | — | ◇ | ◇ |
Connie Kwong Corporate Controller and Principal Accounting Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Michelle Sayer | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
Fiscal 2022, 2023, 2024, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Steven Litchfield | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Kishore Seendripu | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| Connie Kwong | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Thomas E. Pardun Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Theodore L. Tewksbury, Ph.D | ◇ | ◇ | — | — | — | — | ◇ |
Carolyn D. Beaver | ◇ | ◇ | — | — | — | — | ◇ |
Albert J. Moyer | ◇ | ◇ | — | — | — | — | ◇ |
Gregory P. Dougherty | ◇ | ◇ | — | — | — | — | ◇ |
Daniel A. Artusi | ◇ | ◇ | — | — | — | — | ◇ |
Tsu-Jae King Liu, Ph.D | ◇ | ◇ | — | — | — | — | ◇ |
Kris A. Sennesael and Kishore Seendripu, Ph.D served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Allegro MicroSystems, Inc. ALGM
- Alpha & Omega Semiconductor, Inc. AOSL
- Ambarella, Inc. AMBA
- Ciena Corporation CIEN
- Cirrus Logic, Inc. CRUS
- Coherent, Inc. COHR
- Diodes, Inc. DIOD
- Enphase Energy, Inc. ENPH
- Extreme Networks, Inc. EXTR
- Go Pro, Inc. GPRO
- Knowles Corporation KN
- Lattice Semiconductor Corporation LSCC
- Lumentum Operations, LLC LITE
- MACOM Technology Solutions Holdings, Inc. MTSI
- Monolithic Power Systems, Inc. MPWR
- Power Integrations, Inc. POWI
- Semtech Corporation SMTC
- Silicon Laboratories, Inc. SLAB
- Synaptics, Inc. SYNA
- Tower Semiconductor Ltd. TSEM
- Viasat, Inc. VSAT
- Vicor Corporation VICR
- Vishay Intertechnology, Inc. VSH
- Wolfspeed, Inc. WOLF
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 20, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 20, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 23, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 10, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 26, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 12, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | June 8, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 9, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 25, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 24, 2017 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact MaxLinear disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where MaxLinear sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
220 figures on this page: 210 cited to the filing that reported them, 10 calculated from figures it prints.
210 cited to the filing
10 calculated from the filing
Documents cited
- 0001288469-26-000035Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-26-0000212025 Director Compensation · 2025 Summary Compensation Table · Grants of Plan-Based Awards in Fiscal 2025 · Outstanding Equity Awards at Fiscal Year-End for 2025
- 0001288469-25-000058Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-25-0000222024 Summary Compensation Table
- 0001288469-24-000085Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-24-0000552023 Summary Compensation Table
- 0001288469-23-000123Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-23-0000872022 Summary Compensation Table
- 0001288469-22-000124Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-21-000110Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-20-000121Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-19-000067Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001288469-18-000022
- 0001288469-17-000021
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This page is free to cite. Attribution we ask for:
Velarion, “MaxLinear executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/MXL (accessed 2026).
Short form: data: Velarion
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Tech — Hardware rankings
Peers MaxLinear discloses
The companies named in MXL's own disclosed peer group.
Allegro MicroSystems, Inc.Alpha & Omega Semiconductor, Inc.Ambarella, Inc.Ciena CorporationCirrus Logic, Inc.Coherent, Inc.Diodes, Inc.Enphase Energy, Inc.Lattice Semiconductor CorporationLumentum Operations, LLCMACOM Technology Solutions Holdings, Inc.Monolithic Power Systems, Inc.Power Integrations, Inc.Semtech CorporationSilicon Laboratories, Inc.Synaptics, Inc.Vicor CorporationWolfspeed, Inc.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}