Company: AAOI
Filing Date: 2025-02-28
Form Type: PRE 14A
Source: 0001104659-25-019126
Chunk: 36

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-02-28
Form: PRE 14A
Chunk 36
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 ​ | ​ | Non-GAAP EBITDA at breakeven ($0) or obtain profitability | ​ | ​ | ​ | Non-GAAP EBITDA losses were >$8.0M                            | ​ | ​ | ​ | 0%                  | ​ | ​ |
| ​ | ​ | New Customer Orders            | ​ | ​ | ​ | 50% | ​ | ​ | ​ | N/A                                        | ​ | ​ | ​ | Receive Minimum Order total from one New Customer | ​ | ​ | ​ | Receive Minimum Order total from two New Customers | ​ | ​ | ​ | Receive Minimum Order total from three New Customers      | ​ | ​ | ​ | Received Minimum Order total from three or more New Customers | ​ | ​ | ​ | 62.5%               | ​ | ​ |
| ​ | ​ | Payout as a Percent of Target  | ​ | ​ | ​ | —   | ​ | ​ | ​ | —                                          | ​ | ​ | ​ | 50%                                               | ​ | ​ | ​ | 100%                                               | ​ | ​ | ​ | 125%                                                      | ​ | ​ | ​ | —                                                             | ​ | ​ | ​ | —                   | ​ | ​ |
| ​ | ​ | Aggregate Weighted Achievement | ​ | ​ | ​ | —   | ​ | ​ | ​ | —                                          | ​ | ​ | ​ | —                                                 | ​ | ​ | ​ | —                                                  | ​ | ​ | ​ | —                                                         | ​ | ​ | ​ | —                                                             | ​ | ​ | ​ | 62.5%               | ​ | ​ |

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TABLE OF CONTENTS

2024 Actual Performance and Resulting Payments In January 2025, the compensation committee determined that for 2024 we did not meet minimum performance for Target 1 described above and met our maximum performance for Target 2 described above, resulting in payments at approximately 62.5% of the target awards. The dollar amounts for the target cash bonus opportunity as compared to the amounts earned are as follows:

| ​ | ​ | Named Executive Officer    | ​ | ​ | ​ | Target Cash BonusOpportunity |   |         |   | ​ | ​ | ​ | Achievement Percentage |   |       |   | ​ | ​ | ​ | Actual Cash BonusEarned |   |         |   | ​ | ​ |
|:--|:--|:---------------------------|:--|:--|:--|:-----------------------------