Silicon Laboratories (SLAB) Proxy Filing summary

Executive summary

• A merger agreement has been reached for Silicon Labs to become part of Texas Instruments, with closing expected in H1 2027, pending regulatory and shareholder approvals.

• Both companies will operate independently until the transaction closes, maintaining current business practices and competition.

• The interim period is extended due to the need for regulatory approvals in multiple jurisdictions.

• Forward-looking statements highlight anticipated benefits, risks, and uncertainties related to the transaction, including regulatory, operational, and market impacts.

Voting matters and shareholder proposals

• Shareholder approval is required for the merger to proceed, with a special meeting to be called for this purpose.

• A proxy statement will be filed with the SEC and distributed to stockholders, containing key information about the transaction.

Board of directors and corporate governance

• Information about directors and executive officers of both companies is available in their respective annual reports and proxy statements.

• Any changes in security holdings by directors or officers will be disclosed in SEC filings.