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Tech — Hardware

MaxLinear Executive Compensation (FY25)

MXL · Carlsbad, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Kishore Seendripu
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 21, 2026
14 filings cited on this page
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261 figures on this page: 251 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on MaxLinear

Five data products on this company. Each one is requested through the developer setup page.
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Connie KwongPSU◇◇◇◇◇—◇
Connie KwongRSU◇——◇——◇
Connie KwongPSU◇◇◇◇◇—◇
Kishore SeendripuRSU◇——◇——◇
Kishore SeendripuPSU◇◇◇◇◇—◇
Kishore SeendripuPSU◇◇◇◇◇—◇
Steven LitchfieldPSU◇◇◇◇◇—◇
Steven LitchfieldRSU◇——◇——◇
Steven LitchfieldPSU◇◇◇◇◇—◇
Fiscal 2022, 2023, 2024 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kishore SeendripuOption◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Steven LitchfieldOption◇—◇—
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Connie KwongOption◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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.
Board cash retainer◇
Board equity retainer◇
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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 10, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 12, 2021=◇◇◇
2019June 8, 2020=◇◇◇
2018May 9, 2019=◇◇◇
2017May 25, 2018=◇◇◇
2016May 24, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Kishore Seendripu (Chairman, President and Chief Executive Officer), FY2025 total compensation $7,817,568 (base salary $721,444) [exec_comp, SEC accession 0001288469-26-000021, filed 2026-04-02]

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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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable 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 Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
261 figures on this page: 251 cited to the filing that reported them, 10 calculated from figures it prints.
251 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001288469-26-000035
    Vote to Approve Named Executive Officer Compensation.
  2. 0001288469-26-000021
    2025 Director Compensation · 2025 Summary Compensation Table · Grants of Plan-Based Awards in Fiscal 2025 · Outstanding Equity Awards at Fiscal Year-End for 2025
  3. 0001288469-25-000058
    Vote to Approve Named Executive Officer Compensation.
  4. 0001288469-25-000022
    2024 Summary Compensation Table
  5. 0001288469-24-000085
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001288469-24-000055
    2023 Summary Compensation Table
  7. 0001288469-23-000123
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001288469-23-000087
    2022 Summary Compensation Table
  9. 0001288469-22-000124
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001288469-21-000110
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001288469-20-000121
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001288469-19-000067
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001288469-18-000022
  14. 0001288469-17-000021
Cite this data
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

The paid brief for MaxLinear

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

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.Extreme Networks, Inc.Go Pro, Inc.Knowles CorporationLattice Semiconductor CorporationLumentum Operations, LLCMACOM Technology Solutions Holdings, Inc.Monolithic Power Systems, Inc.Power Integrations, Inc.Semtech CorporationSilicon Laboratories, Inc.Synaptics, Inc.Viasat, Inc.Vicor CorporationVishay Intertechnology, Inc.Wolfspeed, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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