Synaptics Incorporated filed an 8-K on August 21, 2026, disclosing the resignation of Chief Financial Officer Ken Rizvi, effective August 20, 2026, and the designation of President and CEO Rahul Patel as interim principal financial officer through the closing of the company's pending merger with ON Semiconductor Corporation.

Key Highlights

  • CFO resignation: Ken Rizvi resigned as Chief Financial Officer effective August 20, 2026, to pursue a new opportunity.
  • Advisory role continues: Rizvi will remain employed with the company in an advisory capacity through September 30, 2026, continuing to receive his current compensation and benefits until his employment terminates.
  • No disagreement cited: According to the filing, Rizvi's resignation "was not due to any disagreement with the Company on any matter relating to the Company's operations, accounting or other policies, or practices."
  • CEO assumes CFO duties: Rahul Patel, President and Chief Executive Officer, serves as the company's principal financial officer effective upon Rizvi's resignation, with no additional compensation for the interim role.
  • No successor search planned: The company disclosed it has elected not to conduct a search for a successor CFO due to the pending merger with ON Semiconductor Corporation, announced June 25, 2026.

Synaptics Designates CEO as Interim CFO Ahead of ON Semiconductor Merger Closing

According to the 8-K filed with the Securities and Exchange Commission, Ken Rizvi stepped down as Chief Financial Officer of Synaptics Incorporated (NASDAQ:SYNA) on August 20, 2026, effective immediately. The filing states Rizvi is leaving to pursue a new opportunity and will remain in an advisory role through September 30, 2026, during which he will continue to receive his current compensation and benefits. The company disclosed that his departure was not related to any disagreement over operations, accounting, or company policies or practices.

Rather than launching a formal search for a permanent replacement, the company disclosed that it has elected not to do so "due to the announcement on June 25, 2026 of the pending merger between the Company and ON Semiconductor Corporation." Instead, Rahul Patel, who serves as President and Chief Executive Officer, assumed the role of principal financial officer immediately upon Rizvi's resignation. The filing states that Patel will not receive any additional compensation for this interim role. The company noted that Patel's biographical information was previously disclosed in the proxy statement for its 2025 annual meeting of stockholders, filed with the SEC on September 16, 2025.

The company also disclosed, under Item 7.01, that a press release regarding these events was issued on August 21, 2026, and furnished as Exhibit 99.1. The filing checked the box indicating it is a written communication pursuant to Rule 425 under the Securities Act, in connection with the proposed merger transaction with ON Semiconductor Corporation. The filing notes that a Registration Statement on Form S-4, which will include a proxy statement and prospectus, is expected to be filed with the SEC in connection with the proposed transaction.

What Was Disclosed

Synaptics disclosed the immediate resignation of its CFO, the appointment of its CEO as interim principal financial officer without additional pay, and the company's decision to forgo a CFO search given the pending acquisition by ON Semiconductor Corporation.