Qorvo® Announces Intent to Nominate Peter Feld of Starboard Value for Election to the Board at the 2025 Annual Meeting

Core Viewpoint - Qorvo has expanded its Board of Directors from nine to ten members, nominating Peter Feld as a new director, following constructive engagement with Starboard Value [1][2] Group 1: Board Changes - The Board has resolved to recommend that stockholders vote in favor of all director nominees, including Peter Feld, at the 2025 Annual Meeting [2] - Starboard Value has agreed to rescind its nomination notice in light of Qorvo's decision to nominate Mr. Feld [2] Group 2: Leadership Insights - Bob Bruggeworth, President and CEO of Qorvo, stated that Peter Feld shares the goal of driving value for shareholders and will bring valuable technology industry knowledge to the Board [3] - Peter Feld expressed his enthusiasm for the nomination and his commitment to collaborating with the Board and management to enhance long-term shareholder value [3] Group 3: Background of Peter Feld - Peter A. Feld has been with Starboard Value LP since April 2011 and has extensive experience serving on technology company boards, focusing on creating shareholder value [4] - His previous roles include managing director and head of research at Ramius LLC and analyst in the Technology Investment Banking group at Banc of America Securities LLC [4] Group 4: Company Overview - Qorvo is a leading provider of semiconductor solutions, addressing complex technical challenges across various high-growth market segments, including automotive, consumer, and defense [5] - The company emphasizes its innovative product portfolio and strong industry position as key drivers for growth and profitability [5] Group 5: About Starboard Value LP - Starboard Value LP is an investment adviser focused on investing in undervalued companies and engaging with management to unlock shareholder value [7]