Silicon Laboratories (SLAB) investor relations material

Executive summary

• A special meeting is scheduled for April 30, 2026, for shareholders to vote on a proposed merger with Texas Instruments, making the company a wholly owned subsidiary of Texas Instruments at $231.00 per share in cash, representing a 61% premium to the pre-announcement price.

• The board unanimously recommends voting in favor of the merger, the compensation proposal for executive officers, and the adjournment proposal if more time is needed for voting or information.

• If approved, shares will be delisted from Nasdaq, and the company will cease to be publicly traded.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) the merger agreement, (2) a non-binding advisory vote on executive compensation related to the merger, and (3) the adjournment proposal to allow more time if needed.

• Approval of the merger requires a majority of outstanding shares; abstentions and non-votes count as votes against.

• Appraisal rights are available for shareholders who do not vote in favor and follow Delaware law procedures.

Board of directors and corporate governance

• The board is composed entirely of independent directors except for the CEO.

• The board formed a transaction committee to oversee the process and engaged Qatalyst Partners as financial advisor.

• The board conducted a market check, soliciting interest from multiple strategic parties before selecting Texas Instruments' offer.