Qnity Electronics, Inc. filed a Form 8-K with the SEC on August 21, 2026, disclosing the appointment of Ken Rizvi as Senior Vice President and Chief Financial Officer, effective October 1, 2026.

Key Highlights

  • New CFO named: Ken Rizvi, age 51, appointed Senior Vice President and Chief Financial Officer, effective October 1, 2026.
  • Interim CFO transition: Michael Goss will cease serving as Interim CFO on the effective date and will assume the role of Vice President, Finance & Controllership and Principal Accounting Officer.
  • Base salary: Mr. Rizvi will receive an annual base salary of $600,000 and a target short-term incentive of 90% of his base salary.
  • Equity buyout award: A $10.0 million equity buyout award, composed of 60% restricted stock units and 40% performance stock units, is designed to replace forfeited equity awards from his prior employer.
  • 2026 long-term incentive: Mr. Rizvi will receive a 2026 annual long-term incentive award valued at $5.5 million, on the same basis as other executive officers.
  • Prior experience: Mr. Rizvi most recently served as Senior Vice President and CFO at Synaptics, a position he held since July 2024, and previously held CFO roles at Penguin Solutions, UTAC Holdings, and Isola Group.

Qnity Electronics Details Rizvi's Compensation and Prior CFO Roles

According to the filing, the People and Compensation Committee of the Company's Board of Directors approved Mr. Rizvi's compensation package in connection with his appointment. In addition to his $600,000 annual base salary and 90% short-term incentive target, Mr. Rizvi will receive a $10.0 million equity buyout award with a front-loaded vesting schedule. The filing states this award is "designed to replace the value and timing of forfeited equity awards" and is composed of 60% restricted stock units and 40% performance stock units. The filing further notes that, consistent with the terms of his forfeited equity awards, in an involuntary termination without cause the restricted stock units will accelerate vesting while the performance stock units will remain outstanding and eligible for vesting based on applicable performance metrics.

The filing discloses that Mr. Rizvi will also participate in the Company's 2026 executive incentive programs on the same basis as other executive officers, including a 2026 annual long-term incentive award valued at $5.5 million and eligibility for the full-year annual incentive opportunity, subject to achievement of applicable performance objectives. Mr. Rizvi will be eligible for the Senior Executive Severance Plan at the same level as named executive officers other than the Chief Executive Officer, and will receive limited perquisites including financial planning services and an executive physical.

Before his most recent role as Senior Vice President and CFO at Synaptics, Mr. Rizvi served as Senior Vice President and CFO of Penguin Solutions, Inc. from February 2021 to June 2024, and previously held CFO roles at UTAC Holdings Ltd. and Isola Group. The filing also notes that Mr. Rizvi held senior leadership roles at Micron Technology, Inc. and ON Semiconductor. He holds an Executive MBA from the W.P. Carey School of Business at Arizona State University and a Bachelor of Arts in Economics from Yale University. The company's common stock (NYSE:Q) is listed on the New York Stock Exchange.

What Was Disclosed

Qnity Electronics disclosed the appointment of Ken Rizvi as its new CFO effective October 1, 2026, along with his full compensation package and career background, and the concurrent role change for Interim CFO Michael Goss.