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NXP Semiconductors NV

For the period ended Apr 15, 2024. Filed Apr 15, 2024.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 15, 2024 · Filed Apr 15, 2024

NXPI$248.29+1.6%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrantý

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

ý Definitive Proxy Statement

☐ Definitive Additional Materials

☐ Soliciting Material Pursuant to §240.14a-12

NXP Semiconductors N.V.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

ý No fee required

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11

NOTICE OF AND AGENDA FOR 2024

ANNUAL GENERAL MEETING OF SHARE HOLDERS

April 15, 2024

Dear Shareholders:

I invite you to attend the 2024 Annual General Meeting of Shareholders (the “Annual General Meeting” or “AGM”) of NXP Semiconductors N.V. (“we,” “us,” “our” or the “Company”), which will be held on Wednesday, May 29, 2024 at 8:45 a.m. Central European Time at the Sheraton Amsterdam Airport Hotel and Conference Center, Schiphol Boulevard 101, 1118 BG, Amsterdam, The Netherlands.

At the Annual General Meeting, we will discuss, and the Company’s shareholders will vote on, the following items of business:

Item 1Adoption of the 2023 Statutory Annual Accounts
Item 2Discharge of the members of the Company’s Board of Directors (the “Board”) for their responsibilities in the financial year ended December 31, 2023
Item 3Re-appointment of ten current directors named in this proxy statement
Item 4Authorization of the Board to issue ordinary shares of the Company (“ordinary shares”) and grant rights to acquire ordinary shares
Item 5Authorization of the Board to restrict or exclude pre-emptive rights accruing in connection with an issue of shares or grant of rights
Item 6Authorization of the Board to repurchase ordinary shares
Item 7Authorization of the Board to cancel ordinary shares held or to be acquired by the Company
Item 8Re-appointment of Ernst & Young Accountants LLP as our independent auditors for the fiscal year ending December 31, 2024
Item 9Amended Remuneration of the Non-Executive Directors
Item 10Non-binding, advisory vote to approve Named Executive Officer compensation

In addition to the above voting items we will have a discussion of the dividend and reservation policy and the implementation of the Company’s long-term strategy, including with respect to sustainable long-term value creation and the Company's corporate governance structure and compliance with the revised 2022 Dutch Corporate Governance Code. We will also consider any other business that properly comes before the Annual General Meeting. None of the proposals require the approval of any other proposal to become effective. We intend that this notice of the Annual General Meeting and the accompanying proxy materials will first be made available on our website on or about April 15, 2024. In accordance with Dutch corporate law and our Articles of Association, the record date for determining those shareholders entitled to notice of, and to vote at, the Annual General Meeting has been set at May 1, 2024. We will begin mailing proxy materials to our shareholders on or about May 8, 2024.

At the Annual General Meeting we will also present the consolidated financial statements and independent auditors’ report for the fiscal year ended December 31, 2023. If any other matters properly come before the Annual General Meeting the persons named in the proxy card will vote in their discretion the shares represented by all properly executed proxies.

NOTICE

YOUR VOTE IS VERY IMPORTANT. Please read this proxy statement and the accompanying proxy materials. Whether or not you plan to attend the Annual General Meeting, please submit your proxy card or voting instructions as soon as possible.

By order of the Board of Directors of NXP Semiconductors N.V.,

Jennifer B. Wuamett

Secretary

Eindhoven, The Netherlands

Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting

to be Held on May 29, 2024

This proxy statement and the accompanying proxy card are first being made available on or about April 15, 2024. This proxy statement, our 2023 Annual Report on Form 10-K and the 2023 Statutory Annual Report are available on our website at http://investors.nxp.com by clicking “Corporate Governance”, then “Annual Meeting”.

We Strongly Encourage You to Sign Up For Electronic Delivery of Proxy MaterialsShareholders may request proxy materials be delivered to them electronically by enrolling at www.proxyvote.com. Not only will this result in faster delivery of the documents but also allows our shareholders to join us in our efforts to support a sustainable future and mitigate our impact on the environment.

Table of Contents

GENERAL INFORMATION1
VOTING PROCEDURES2
Beneficial Owners2
Shareholders of Record2
Revocability of Proxy2
General Matters2
CORPORATE GOVERNANCE3
SUSTAINABILITY4
Environment7
Human Capital Management9
Social Responsibility14
Health and Safety14
ITEM 1: ADOPTION OF THE 2023 STATUTORY ANNUAL ACCOUNTS15
ITEM 2: DISCHARGE OF THE BOARD OF DIRECTORS FOR THEIR RESPONSIBILITIES IN THE 2023 FINANCIAL YEAR15
ITEM 3: RE-APPOINTMENT OF DIRECTORS15
Nominees for Director17
Nominee Skills and Experience23
Director Independence24
HOW OUR BOARD GOVERNS AND IS GOVERNED24
Rules Governing the Board24
Board Leadership and Role in Risk Oversight25
Meetings of NXP’s Board25
NXP’s Board Committees26
Audit Committee26
Human Resources and Compensation Committee26
Nominating, Governance and Sustainability Committee27
Setting and Overseeing Strategy28
Risk Oversight29
Board Education31
HOW OUR DIRECTORS ARE SELECTED AND EVALUATED31
Consideration of Director Nominees31
Diversity31
Board Refreshment32
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS33
HOW OUR DIRECTORS ARE COMPENSATED33
Non-Executive Director Compensation for 202333
ITEM 4: AUTHORIZATION OF THE BOARD TO ISSUE ORDINARY SHARES AND GRANT RIGHTS TO ACQUIRE ORDINARY SHARES35
ITEM 5: AUTHORIZATION OF THE BOARD TO RESTRICT OR EXCLUDE PRE-EMPTIVE RIGHTS ACCRUING IN CONNECTION WITH AN ISSUE OF SHARES OR GRANT OF RIGHTS35
ITEM 6: AUTHORIZATION OF THE BOARD TO REPURCHASE ORDINARY SHARES OF THE COMPANY36
ITEM 7: AUTHORIZATION OF THE BOARD TO CANCEL THE COMPANY’S ORDINARY SHARES HELD OR TO BE ACQUIRED36
ITEM 8: RE-APPOINTMENT OF ERNST & YOUNG ACCOUNTANTS LLP AS THE COMPANY'S INDEPENDENT AUDITORS FOR THE FISCAL YEAR ENDING DECEMBER 31, 202437
ITEM 9: APPROVAL OF THE AMENDED REMUNERATION OF THE NON-EXECUTIVE DIRECTORS42
ITEM 10: NON-BINDING, ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION39
EXECUTIVE OFFICERS40
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT42
EXECUTIVE COMPENSATION44
Compensation Discussion & Analysis44
Shareholder Engagement and Results of 2023 Advisory Vote on Executive Compensation46
Compensation Philosophy46
Key Practices in Determining Executive Compensation48
Key Components of Our Executive Compensation Program49
Peer Group Analysis and Benchmarking50
2023 Compensation Decisions51
Executive Share Ownership Guidelines58
Other Practices & Guidelines59
Employment Arrangements of Named Executive Officers59
Key Policies and Practices59
Compensation Practices and Risk60
Governance60
Human Resources and Compensation Committee Report62
Summary Compensation Table63
Grants of Plan-Based Awards Table64
Outstanding Equity Awards at Year-End Table65
Option Exercises and Stock Vested Table67
Pension Benefits67
Potential Payments upon Termination or Change of Control68
CEO Pay Ratio Disclosure70
Human Resources and Compensation Committee Interlocks and Insider Participation71
Equity Compensation Plan Information71
Pay Versus Performance Disclosure72
CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS75
Related Party Transactions75
REPORT OF THE AUDIT COMMITTEE75
DELINQUENT SECTION 16(A) REPORTS76
THE 2025 ANNUAL GENERAL MEETING76
OTHER MATTERS76
APPENDIX A: Reconciliation of Non-GAAP Measures77
Forward-looking Statements81

GENERAL INFORMATION

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.