David McGlade
Director at SWKS
Board
About David P. McGlade
Independent director at Skyworks Solutions since 2005; age 64. Former Chairman and CEO/Executive Chairman of Intelsat; earlier CEO of O2 UK and Executive Director at mmO2 PLC; prior senior roles at Sprint PCS. Education: BA from Rutgers University. Committee leadership: Audit Committee Chair; member of Nominating & Corporate Governance Committee.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Intelsat S.A. | Chairman of the Board; Executive Chairman; Chairman & CEO; Deputy Chairman | Chairman 2013–Feb 2022; Executive Chairman 2015–2018; CEO/Chairman earlier; Deputy Chairman 2008–2013 | Led governance and strategic oversight during major telecom transitions |
| mmO2 PLC / O2 UK | Executive Director (mmO2); CEO (O2 UK) | 2000–2005 | Led UK wireless operator, bringing operational and strategic telecom expertise |
| Sprint PCS | President, Western Region | Pre-2000 | Senior operating role; CDMA network expansion experience |
External Roles
| Company | Role | Current/Past | Notes |
|---|---|---|---|
| Intelsat S.A. | Director/Chairman | Past (until 2022) | Public company director within past 5 years; no current public boards |
| Other public company boards | — | Current | None |
Board Governance
- Committees: Audit (Chair); Nominating & Corporate Governance (member). Audit Committee met 8 times in FY2024; Compensation 5; NCGC 3. Audit Committee members, including McGlade, are independent and designated “audit committee financial experts.”
- Independence: Board determined eight of nine directors—including McGlade—are independent under Nasdaq rules.
- Attendance: In FY2023, each director attended at least 75% of Board and committee meetings; all directors attended the 2023 Annual Meeting.
- Audit Committee Report: McGlade signed the Audit Committee’s FY2024 report recommending inclusion of audited financials in the 10-K.
- Stockholder engagement: Board conducted targeted outreach post-2024 meeting; topics included governance, board composition, compensation; Chair participated in select engagements.
Fixed Compensation
| Metric | FY2023 | FY2024 |
|---|---|---|
| Fees Earned or Paid in Cash ($) | 117,500 | 125,000 |
| Stock Awards ($) | 225,006 | 225,042 |
| Total ($) | 342,506 | 350,042 |
- Cash retainer structure (paid quarterly): Base $90,000; non-employee Chair $130,000; Lead Independent Director $50,000; Audit Chair $30,000; Compensation Chair $20,000; NCGC Chair $15,000; non-chair members: Audit $15,000; Compensation $10,000; NCGC $7,500. Discretionary cash possible for extraordinary service.
Performance Compensation
- Director equity grants are time-based RSUs (not performance-based). Annual RSU grants vest on first anniversary; initial RSU grants vest in three equal annual installments. RSUs and options accelerate (fully vest/become exercisable) upon change in control.
- Annual director equity grant sizing: ~$225,000 RSUs for non-employee directors; ~$250,000 for non-employee Chair; number of RSUs determined by 30-day average stock price on grant date.
Company pay-for-performance metrics for executives (context; not applied to director pay):
| Metric (Top 5 for FY2024) |
|---|
| Revenue |
| EBITDA margin percentile ranking |
| Emerging revenue growth |
| Non-GAAP operating income |
| TSR percentile ranking |
RSU grant details (directors):
- Granted 2,078 RSUs (May 10, 2023; fair value at $98.56 per share)
- Granted 2,272 RSUs (May 14, 2024; fair value at $99.05 per share)
Other Directorships & Interlocks
| Area | Details |
|---|---|
| Current public company boards | None |
| Past 5 years | Intelsat S.A. (until 2022) |
| Interlocks | No disclosed interlocks with SWKS competitors/suppliers/customers in proxy |
Expertise & Qualifications
- Four decades of telecom leadership across satellite, wireless, and network operations; significant operational, strategic, and financial acumen; capital markets knowledge.
- Audit committee financial expertise designation.
- Education: BA, Rutgers University.
Equity Ownership
| Metric | As of Mar 1, 2024 | As of Mar 1, 2025 |
|---|---|---|
| Shares Beneficially Owned | 42,916 | 44,994 |
| Percent of Class | <1% (*) | <1% (*) |
Unvested RSUs and Options (directors):
| Metric | As of Sep 29, 2023 | As of Sep 27, 2024 |
|---|---|---|
| Unexercised Options | 0 | 0 |
| Unvested RSUs (McGlade) | 2,078 | 2,272 |
Ownership alignment:
- Director stock ownership guideline: 5x base cash compensation ($90,000 × 5) divided by 12-month average stock price; rounded to nearest 100 shares. All directors met guidelines as of 2024 proxy except newer directors not yet required (Guerin, McBride, Turcke).
Insider Trades
| Filing Date | Transaction Date | Type | Security | Quantity | Post-Transaction Ownership | Form | URL |
|---|---|---|---|---|---|---|---|
| 2025-05-15 | 2025-05-14 | Award (A) | RSUs | 3,664 | 3,664 | 4 | https://www.sec.gov/Archives/edgar/data/4127/000000412725000058/0000004127-25-000058-index.htm |
| 2025-05-15 | 2025-05-14 | Exempt (M) | Common Stock | 2,272 | 2,272 | 4 | https://www.sec.gov/Archives/edgar/data/4127/000000412725000058/0000004127-25-000058-index.htm |
Data source: Form 4 filings via insider-trades skill output for SWKS director “David P McGlade” (case-insensitive matching). Full dataset saved at /tmp/insider_trades_20251120_032646.json.
Governance Assessment
- Strengths:
- Long tenure (since 2005) with deep telecom operating experience; provides continuity and industry insight.
- Audit Committee Chair and designated audit committee financial expert; robust oversight of financial reporting and auditor independence; committee met 8 times in FY2024.
- Confirmed independent under Nasdaq rules; historical attendance threshold met and strong engagement posture by the Board.
- Ownership alignment: beneficial ownership of 44,994 shares; RSUs outstanding consistent with director program; meets ownership guideline framework.
- Compensation set against semiconductor peer benchmarks with external consultant (Aon), indicating structured, market-based governance.
- Potential red flags:
- Single-trigger acceleration of director equity awards upon change in control may be viewed as shareholder-unfriendly; monitor for any future modifications.
- No current public company directorships reduce interlocks but also limit external market oversight cross-pollination; neutral signal.
Overall, McGlade’s audit leadership, independence, and consistent engagement support board effectiveness; compensation is balanced (cash + time-based RSUs) with clear guidelines. No related-party transactions, hedging/pledging, or attendance issues are disclosed for McGlade in the latest proxies.