Newport Beach-based Conexant Systems Inc. extended Chief Executive Dwight Decker’s contract at the chipmaker through 2006, according to a regulatory filing Monday.
Decker, who came back to the troubled chipmaker as chief executive in November,nine months after stepping back as chairman,is set to get $575,000 yearly salary plus 275,000 bonus shares, the company’s filing with the Securities and Exchange Commission said.
Decker will be employed through Nov. 9, 2006, the filing said.
Decker had stepped back from daily operations at Conexant when it bought Red Bank, N.J.-based GlobespanVirata Inc., a maker of chips for high-speed digital subscriber line modems.
As part of the deal, Globespan chief executive Armando Geday took over running Conexant and the company’s headquarters moved to New Jersey.
But the company floundered under 38-year-old Geday. The executive, who worked with Decker at Conexant precursor Rockwell Semiconductor Systems, took his knocks for integration of the two companies. Conexant moved back to Newport Beach late last year.
