Daniel Artusi
MAXLINEARAbout Daniel Artusi
Independent director at MaxLinear (MXL) since November 2018; age 70. Veteran semiconductor operator and board leader with prior CEO/GM roles across Silicon Labs, Conexant, Lantiq (acquired by Intel), and Intel’s Client Computing Group (Connected Home). Studied Electrical Engineering at Instituto Tecnológico de Buenos Aires (ITBA). Current external roles include Chairman of New Charter Technologies (private) and member of the UT Austin Cockrell School of Engineering Advisory Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Intel Corporation | VP/GM, Client Computing Group (Connected Home) | 2015–2018 | Led connected home business post-Lantiq acquisition |
| Lantiq Deutschland GmbH | Chief Executive Officer | 2012–2015 | Stewarded sale to Intel |
| Golden Gate Capital | Operating Executive | 2009–2015 | Portfolio operating leadership |
| Conexant Systems, Inc. | President & CEO; Director | 2007–2008 | Turnaround leadership in semis |
| Coldwatt, Inc. | Chairman & CEO | 2005–2007 | Power supply technology leadership |
| Silicon Laboratories Inc. | COO (2001–2004); President (2003–2005); CEO & Director (2004–2005) | 2001–2005 | Public company leadership, M&A, scaling |
| Motorola Inc. | Various management roles | 1977–2001 | Global semiconductor/business operations |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| New Charter Technologies (private) | Chairman | Current | IT services platform company |
| UT Austin, Cockrell School of Engineering | Engineering Advisory Board | Current | Academic advisory role |
| Ferroelectric Memory GmbH | Chairman | 2021–2024 | Embedded FeRAM company |
| GXC Inc. | Chairman | 2018–2024 | Communications company |
| Minim, Inc. | Director | 2020–2022 | Wi-Fi software; public company |
| VisIC Technologies (private) | Director | 2019–2022 | Power semis for auto/data center/industrial |
Board Governance
- Independence: Board determined Artusi is an independent director under Nasdaq rules .
- Committees: Compensation Committee member (post-2025 AGM, committee will comprise Pardun and Artusi); Cybersecurity Committee member (chair: Tewksbury) .
- Chair roles: None (Lead Director is Thomas Pardun; CEO is Board Chair) .
- Attendance: In 2024 the Board met 4 times; each director attended ≥75% of board and applicable committee meetings .
- Executive sessions: Independent directors meet in executive session each regular quarterly board meeting, chaired by the Lead Independent Director .
- Board refresh/skills: Artusi recognized for semiconductor, technology, public company leadership, finance, talent, supply chain, and cybersecurity/risk competencies in skills matrix .
Fixed Compensation (Director)
| Component | Policy Detail | 2024 Amount for Artusi |
|---|---|---|
| Annual cash retainer | $60,000 | $60,000 |
| Committee member fees | Compensation Committee: $7,500; Cybersecurity Committee: $5,000 | $12,500 |
| Total cash | Payable quarterly | $72,500 |
| Annual equity grant | $220,000 in RSUs for continuing directors; vest at earlier of next May 1 or day before next AGM | $220,000 |
| Total 2024 director comp | Cash + equity | $292,500 |
Notes:
- No director fee changes since May 2022; program reviewed with independent consultant Compensia .
- All directors elected to receive awards as RSUs; none deferred settlement in 2024 .
Performance Compensation
Director pay is not performance-conditioned; equity is time-based RSUs under the Outside Director Equity Policy.
| Performance-Linked Elements in Director Pay | Status | Vesting/Terms |
|---|---|---|
| Performance conditions (revenue, EPS, TSR, ESG) | None | Director RSUs vest time-based at next May 1 or immediately prior to next AGM |
| Deferral feature | Available by policy, but not used by directors for 2024 awards | RSU deferral optional program; none deferred in 2024 |
| Change in control treatment | Full vesting for non-employee directors | 100% accelerated vesting on change in control |
Context on company performance metrics (executives): Performance units vest based on 3-year relative ranks in net sales growth (60% weight) and non-GAAP diluted EPS growth (40%) vs. a defined semiconductor peer set, with payout range 0–250% of target; no 2024 vesting due to <25th percentile results across awards .
Other Directorships & Interlocks
- Current public company directorships: None disclosed as current (prior: Minim, Inc. 2020–2022) .
- Compensation Committee interlocks: None. No member (including Artusi) was an officer/employee of MXL; and no MXL executive served on the board/comp committee of an entity having executives on MXL’s board/comp committee .
Expertise & Qualifications
- Deep semiconductor operating experience (Motorola, Silicon Labs, Conexant, Lantiq, Intel) and public company leadership, corporate development/finance, international operations/supply chain, talent/recruiting .
- Cybersecurity oversight experience; serves on MXL’s Cybersecurity Committee .
- Education: Electrical Engineering at ITBA (Argentina) .
Equity Ownership
| Item | Detail |
|---|---|
| Total beneficial ownership | 41,943 shares (<1%) |
| Composition | 29,802 common + 12,141 RSUs vesting within 60 days of 3/26/2025 |
| Outstanding RSUs (12/31/2024) | 12,141 per director, from 2024 awards |
| Ownership guidelines | Directors must hold ≥5x cash retainer ($300,000); as of record date, each non-employee director was above requirement |
| Hedging/pledging | Prohibited by insider trading policy (short sales, derivatives/hedging, pledging, margin accounts) |
Governance Assessment
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Strengths:
- Independence, relevant committee assignments (Compensation; Cybersecurity), and skills directly aligned with MXL risk profile and strategy .
- Solid engagement: ≥75% attendance; regular independent executive sessions .
- Pay structure aligns directors with shareholders via meaningful equity; directors exceed ownership guidelines; hedging/pledging prohibited .
- No comp committee interlocks; no related party transactions disclosed; Section 16(a) compliance clean for directors .
-
Watch-fors:
- Director equity is time-based (no performance conditions), which is standard but less performance-sensitive; however, alignment is supported by ownership requirements .
- Company-wide, heavy use of retention equity in 2024 and request to reallocate inducement plan shares into the main plan; board will need to monitor dilution/burn-rate vs. performance and retention outcomes (not specific to Artusi but relevant to Comp Committee oversight) .
-
Shareholder sentiment signal:
- Say-on-Pay support of ~89% in 2024 indicates generally favorable investor view of compensation governance .
Appendix: Committee Summary (Artusi)
| Committee | Role | 2024 Meetings | Notes |
|---|---|---|---|
| Compensation Committee | Member (Chair: Pardun); will be 1 of 2 members post-AGM | 5 | Oversees exec comp, equity plans, human capital; independent under SEC/Nasdaq |
| Cybersecurity Committee | Member (Chair: Tewksbury) | 5 | Oversees cyber risk, IT strategy; independent membership |
All citations: .