Company: GCTS
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0000929638-25-001279
Chunk: 163

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 163
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 prospectus or to be part of this prospectus. Relevant Education and Experience Each proposed member of the Audit Committee has adequate education and experience that is relevant to their performance as an Audit Committee member and, in particular, the requisite education and experience that have provided the member with: a) an understanding of the accounting principles used by the Company to prepare its financial statements and the ability to assess the general application of those principles in connection with estimates, accruals and reserves; b) experience preparing, auditing, analyzing or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the Company’s financial statements or experience actively supervising individuals engaged in such activities; and c) an understanding of internal controls and procedures for financial reporting. For a summary of the experience and education of the Audit Committee members see “ Executive Officers and Directors. ” Audit Committee Oversight At no time since the commencement of the Company’s financial year was a recommendation of the Audit Committee to nominate or compensate an external auditor not adopted by the Board. Compensation Committee Our compensation committee is responsible for, among other things: • evaluating, determining, and approving the compensation of our executive officers; • evaluating annually, and recommending to our Board, the compensation of our non-employee directors; • reviewing and approving our executive compensation plans and recommending that our Board amend these plans, or adopt new plans, if deemed appropriate; • administering our general compensation and employee benefit plans, including incentive compensation and equity-based plans, and recommending that our Board amend these plans if deemed appropriate; • reviewing and approving any employment agreements, severance or termination arrangements and any other compensatory contracts to be made with any of our executive officers; and • reviewing at least annually the goals and objectives relevant to the compensation of our Chief Executive Officer and other executive officers and amending, or recommending that our Board amend, these goals and objectives if deemed appropriate. Our compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by the NYSE and the SEC. Our compensation committee consists of Dr. Kyeongho Lee, Robert Barker and Jeff Tuder, with Dr. Lee serving as chair