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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

June 5, 2025

NETGEAR, INC.

(Exact name of Registrant as specified in its charter)

     Delaware

     000-50350

     77-0419172

     (State or other jurisdiction
of incorporation)

     (Commission File Number)

     (I.R.S. Employer
Identification Number)


350 East Plumeria Drive
San Jose,	CA	95134
(Address, including zip code, of principal executive offices)


(408)	907-8000
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s):	Name of each exchange on which registered
Common Stock, $0.001 par value	NTGR	The Nasdaq Stock Market LLC

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).


Emerging growth company	☐

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 8.01 Other Events

On June 5, 2025, NETGEAR, Inc. (“NETGEAR” or the “Company”) announced that it had entered into an agreement to acquire Exium Inc. (“Exium”), a cybersecurity software company, as part of its continuing investment in cloud-based solutions for advanced business connectivity. Exium’s products and expertise will help add an integrated Secure Access Service Edge (SASE) platform to NETGEAR’s robust network offering for small and medium enterprises which strategically aligns with NETGEAR’s existing products, teams and the markets it serves.

The transaction is subject to customary closing conditions and is expected to close by the end of the second quarter of 2025. As part of the transaction, certain employees of Exium are expected to join the Company, and a portion of their compensation is contemplated to include equity awards issued in connection with NETGEAR’s 2024 Inducement Plan consistent with the Company’s pay-for-performance compensation philosophy.

The agreement includes customary terms and conditions and is not expected to have a material impact on the Company’s results from operations or financial position for the year ending December 31, 2025. The total purchase price of less than $15 million, upon closing, is expected to be paid in cash from existing reserves. A press release regarding the transaction is furnished as Exhibit 99.1 to this Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits


Exhibit Number		Description
99.1		Press Release, dated June 5, 2025, regarding agreement to acquire Exium

104		Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

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.

     NETGEAR, INC.

    

     By:   /s/ Kirsten J. Daru

    

             Kirsten J. Daru

    

             General Counsel and Chief Privacy Officer

    

     Dated: June 5, 2025

    

EX-99.1 2 ntgr-ex99_1.htm EX-99.1 EX-99.1

Exhibit 99.1

NETGEAR Delivers on the Next Milestone of its Enterprise Vision with the Acquisition of Exium,

Bringing Integrated Networking and Security to Small and Medium Enterprises

June 5, 2025, San Jose, Calif. – NETGEAR® Inc. (NASDAQ: NTGR), a global leader in intelligent networking solutions designed to power extraordinary experiences, today announced a definitive agreement to acquire Exium, a cybersecurity company, as part of its continuing investment in cloud-based solutions for advanced business connectivity.

The acquisition builds on the company’s goal of delivering next-gen networking solutions that provide simplicity, reliability, and cost-effectiveness to small and medium enterprises. Exium’s products and expertise will help to add an integrated Secure Access Service Edge (SASE) platform to NETGEAR’s robust network offering. This solution will offer the first, completely integrated, network and security solution, purpose built for MSPs and SMEs.

According to Gartner, the SASE market is expected to grow at a 29% CAGR, reaching over $25 billion by 2027 as organizations increasingly prioritize cloud-based networking and security solutions. With the integration of Exium’s platform and expertise, NETGEAR for Business will build an all-in-one, easy-to-use solution that includes wired and wireless networking as well as firewall and integrated security.

“AI has changed the threat landscape for small and medium enterprises as well as larger businesses, but the solutions for SMEs are often too difficult to implement or need to be cobbled onto the network and managed separately,” said Pramod Badjate, President and GM of NETGEAR for Business. “By offering the Exium SASE solution with the goal of integrating it into our Insight cloud management platform, we’ll be able to bring our customers a seamless, single-pane-of-glass solution that is easily deployed and managed by small IT teams or MSPs.”

The Exium team brings deep expertise in building widely deployed networking and security solutions. The company’s SASE solution was built with MSPs in mind to help onboard and serve their small and medium enterprise customers rapidly. Exium CEO Farooq Khan will continue to lead the Exium solution, joining the NETGEAR for Business leadership team.

“Exium was built from the ground up as a cybersecurity solution to help protect small and medium enterprises that lack a comprehensive solution for combatting cybersecurity threats,” said Khan. “We share a similar vision with NETGEAR and are excited to be joining the team to build a fully integrated network and security solution specially tailored to serve the needs of these customers.”

The closing of the transaction is subject to customary closing conditions and is expected to occur by the end of Q2 2025.

About NETGEAR, Inc.

Founded in 1996 and headquartered in the USA, NETGEAR® (NASDAQ: NTGR) is a global leader in innovative networking technologies for businesses, homes, and service providers. NETGEAR delivers a wide range of award-winning, intelligent solutions designed to unleash the full potential of connectivity and power extraordinary experiences. For businesses, NETGEAR offers reliable, easy-to-use, high-performance networking solutions, including switches, routers, access points, software, and AV over IP technologies, tailored to meet the diverse needs of small and medium enterprises. NETGEAR’s consumer products deliver advanced connectivity, powerful performance, and enhanced security features right out of the box, designed to help keep families safe online, whether at home or on the go.

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More information is available from the NETGEAR Press Room or by calling +1 (408) 907-8000. Connect with NETGEAR on LinkedIn, Facebook, Instagram and the NETGEAR blog at NETGEAR.com.

©2025 NETGEAR, Inc. NETGEAR, NETGEAR Insight and the NETGEAR logo are trademarks and/or registered trademarks of NETGEAR, Inc. and/or its affiliates in the United States and/or other countries. Other brand and product names are for identification purposes only and may be trademarks or registered trademarks of their respective holder(s). The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.

Source: NETGEAR-G

U.S. Media Contact:

Valerie Motis

Valerie.motis@NETGEAR.com

NETGEAR@AccesstheAgency.com

U.S. Sales Inquiries: (408) 907-8000, sales@netgear.com

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