Conexant Chief Registers to Sell Shares

Dwight Decker, Conexant Systems Inc.’s chairman and chief executive, has registered to sell 200,000 shares he owns in the Newport Beach semiconductor maker, according to a document filed Wednesday with the Securities and Exchange Commission.

The document, a Form 144, indicates an intention to sell restricted stock and opens the door for an individual to sell the shares, but does not indicate when, if ever, the actual sale of the shares will occur or has occurred.

The filing indicates Decker, who owns less than 1% of the company, intended to sell the shares Jan. 24, a day the stock closed at $74.31 a share. A sale at that price would have brought in nearly $1.5 million, before expenses and his initial costs.

The stock hit a 12-month high of $87.56 a share last week before falling slightly. It closed Wednesday at $86, up $1.69 in Nasdaq trading.