Co-founder shift as indie Semiconductor (INDI) reshapes board and executive roles
Rhea-AI Filing Summary
indie Semiconductor announced a planned leadership transition and board change. Co-founder Dr. Ichiro Aoki will resign as President and as a member of the board effective June 29, 2026, as part of a phased retirement plan, and will remain with the company as a Technical Advisor. The company states his decision did not involve any disagreement on operations, policies or practices. The board has appointed Thomas Schiller as a Class III director effective the same date, with a term running until the 2027 annual meeting, while he continues in his existing role as Strategic Advisor with an annual base salary of $150,000 and a target cash incentive equal to 30% of base salary. Schiller previously served as Chief Financial Officer and Executive Vice President of Strategy and will not receive additional compensation for his board service.
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Insights
Planned co-founder transition with continuity through advisory and board roles.
indie Semiconductor outlines a structured shift as co-founder Ichiro Aoki steps down from the President role and board in June 2026, moving into a Technical Advisor position. The company explicitly notes no disagreement over operations, policies, or practices.
The board simultaneously appoints former CFO and current Strategic Advisor Thomas Schiller as a Class III director through the 2027 annual meeting, while he maintains his advisory role with $150,000 base salary and a 30% cash incentive target. He will not receive extra pay for board service, suggesting cost-neutral governance augmentation.
This coordinated succession maintains institutional knowledge: Aoki stays involved on technology and roadmap, and Schiller brings prior executive and IPO experience into the boardroom. Future company filings may elaborate on how these roles influence strategy around ADAS and adjacent markets.
8-K Event Classification
Key Figures
Key Terms
phased retirement plan financial
Class III director financial
Regulation FD Disclosure regulatory
indemnification agreement regulatory
Annual Meeting of Stockholders financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Departure of Director and Principal Officer
On June 15, 2026, Dr. Ichiro Aoki notified the Board of Directors (the “Board”) of indie Semiconductor, Inc. (the “Company”) of his intent to resign as a member of the Board and as President of the Company, effective June 29, 2026 (the “Effective Date”), as part of a phased retirement plan. Dr. Aoki’s decision to step down from the Board and as President did not involve any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
The Company and the Board thank Dr. Aoki for his valuable expertise, perspective and commitment during his service with the Company.
As of the Effective Date, Dr. Aoki will continue to be employed by the Company, serving as a Technical Advisor.
(d) Appointment of New Director
On June 18, 2026, the Board appointed Thomas Schiller as a Class III director, upon the recommendation of its Nominating and Corporate Governance Committee with such appointment effective as of the Effective Date, to serve for an initial term expiring at the Company’s 2027 Annual Meeting of Stockholders and until his respective successor is duly elected and qualified, or until his earlier death, resignation or removal.
There is no arrangement or understanding between Mr. Schiller and any other persons pursuant to which Mr. Schiller was appointed as a director, and Mr. Schiller has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K, other than as disclosed below.
Mr. Schiller has served as a Strategic Advisor to the Company since November 2024, with an annual base salary of $150,000 and target annual cash incentive of 30% of his annual base salary. He expects to continue in this role as of and after the Effective Date. Prior to serving as a Strategic Advisor, Mr. Schiller served as the Company’s Chief Financial Officer and Executive Vice President of Strategy from October 2019 to June 2024.
Mr. Schiller will not serve on any Committees of the Board and will not receive additional compensation for his service as a director. The Company previously entered into its standard form of indemnification agreement with Mr. Schiller in connection with his prior position as its Chief Financial Officer and Executive Vice President of Strategy, which remains in effect.
Item 7.01 Regulation FD Disclosure.
A copy of the press release announcing Dr. Aoki’s resignation from the Board and as President and Mr. Schiller’s appointment to the Board is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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99.1 |
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Press Release dated June 22, 2026. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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INDIE SEMICONDUCTOR, INC. |
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Date: |
June 22, 2026 |
By: |
/s/ Audrey Wong |
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Audrey Wong |
Exhibit 99.1
indie Announces Changes to Board of Directors
Ichiro Aoki to retire as indie President and Board Member, while indie welcomes the appointment of Thomas Schiller to the Board
ALISO VIEJO, Calif. - June 22 - indie Semiconductor (Nasdaq: INDI), an automotive solutions innovator, today announced that Dr. Ichiro Aoki will resign from his position as President of indie and member of indie’s board of directors, effective June 29, 2026, and has appointed Mr. Thomas Schiller to its board of directors.
Dr. Aoki has been with indie since its inception and is renowned as one of the Company’s co-founders, serving as indie’s President, managing the execution of the Company’s engineering plans. Dr. Aoki will transition to a more focused, limited role centered on technical expertise, while also offering advisory support to advance the Company’s strategic product roadmap.
“We are extremely thankful to Dr. Aoki for his exceptional years of service and visionary leadership as a co-founder of indie. His commitment and ingenuity helped lay the foundation upon which our organization was built,” said Donald McClymont, indie’s co-founder and CEO. “Ichiro’s contributions have been instrumental in shaping our culture and many of the major engineering accomplishments that have propelled our success. We look forward to his ongoing guidance in his new role as Technical Advisor.”
Mr. Schiller has contributed greatly to the Company over the past seven years, initially serving as indie’s former Chief Financial Officer and Executive Vice President of Strategy, and recently as a Strategic Advisor. His leadership and tenacity are exemplified by the instrumental role he played in steering the Company’s 2021 IPO. While continuing to serve indie in his current advisory role, his appointment to indie’s Board of Directors will enable Mr. Schiller to have a broader impact on the Company, working directly alongside fellow board members and executive leadership to help shape key decisions and guide strategic execution.
“I am humbled and honored to join indie’s Board at such a pivotal and exciting time for the Company,” said Tom Schiller. “With a world class team underpinned by key requisite technologies, indie is well positioned to capitalize on intelligent ADAS as it now expands to address adjacent physical AI markets including robotics and humanoids.”
“We are excited to welcome Tom to indie’s Board of Directors. With an impressive track record of success, distinguished career, and a proven history of entrepreneurial leadership, his contributions will be invaluable,” said David Aldrich, chairman of the board of indie. “Tom has demonstrated a strong commitment to driving performance, creating shareholder value, and identifying new opportunities for long-term success. The board and I look forward to leveraging Tom’s unique perspectives and deep industry expertise.”
Mr. Thomas Schiller has served as a Strategic Advisor to indie since November 2024, providing guidance and leadership in strategic planning and M&A. He was formerly Chief Financial Officer and Executive Vice President of Strategy with indie, until June 2024, leading all corporate financing, reporting, investor relations, treasury, tax, and M&A activities. Prior to joining indie in October 2019, Mr. Schiller was Vice President of Marketing at Marvell Semiconductor and previously was Vice President of Strategy and Corporate Development at Skyworks Solutions.
Mr. Schiller earned a Master of Business Administration from the University of Southern California with a specialization in Entrepreneurship and Finance, and holds a Bachelor of Arts in Social Sciences with an emphasis in
Economics and Political Science from the University of California, Irvine. In addition, Mr. Schiller completed executive education programs at the University of California, Los Angeles and the Massachusetts Institute of Technology.
For more information, please visit: www.indie.inc/company/board-of-directors
About indie
Headquartered in Aliso Viejo, CA, indie is empowering the automotive revolution with next-generation semiconductors, photonics, and perception software platforms. We focus on developing innovative, high-performance, and energy-efficient mixed-signal SoCs and system solutions for ADAS and adjacent industrial applications, including humanoid robotics, and quantum technology. Our sensors span all major modalities (Radar, Computer Vision, LiDAR, and Ultrasound), accelerating the proliferation of automated vehicle safety and sensing features. As a global innovator, we are an approved vendor to Tier 1 partners, and our solutions can be found in marquee automotive OEMs worldwide.
Please visit us at www.indie.inc to learn more.
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Investor Relations
IR@indie.inc