Company: NEGG
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001213900-25-036055
Chunk: 102

Company: Newegg Commerce, Inc.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 6
Chunk 102
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 Berkeley.

Ms. Christina S. Ching. Ms. Ching has served
as Newegg’s Chief Accounting Officer since September 2022 and Interim Chief Financial Officer since May 2024. From 2013 to 2022,
Ms. Ching served as the Chief Financial Officer for North American and Asia regions for Kriss USA Inc. a leading Swiss Defense Manufacture
company. From 2004 to 2013, Ms. Ching served as Newegg Senior Director of Accounting overseeing accounting department. From 2001
to 2004, she served as the Accounting Manager at GVison USA Inc., a US division for Taiwan manufacturing company specialized
in liquid-crystal display (LCD) display supplied to Best Buy & CompUSA. Ms. Ching holds a Bachelor’s degree of Science in
Accounting from University of Phoenix, Arizona.

  Compensation  
 ────────────────

2024 Compensation of Directors and Executive
Officers

For the year ended December 31, 2024, the aggregate
cash compensation accrued for directors, as a group, was approximately $0.9 million. Employee directors did not receive any compensation
for their services as directors. Non-employee directors were entitled to receive payment for serving as directors and may receive option
grants or restricted stock units.

For the year ended December 31, 2024, the aggregate
cash compensation accrued for our executive officers, as a group, was approximately $2.6 million, of which approximately $0.9 million
was related to 2024 bonus payments that were paid out in July 2024 and January 2025. In addition, the executive officers exercised stock
options and restricted stock units for the year ended December 31, 2024 that resulted in aggregate proceeds of $2.7 million. We did not
separately set aside any amounts for pensions, retirement, or other benefits for our executive officers, other than pursuant to relevant
statutory requirements.

For the year ended December 31, 2024, the aggregate
cash compensation accrued for our CEO was approximately $1.6 million, of which $0.6 million was for a 2024 bonus that was paid in July
2024 and January 2025. In addition, during the year, Mr. Chow received common stock from the vesting of restricted stock units with total
value of $1.6 million.

Discretionary Bonus and Profit Sharing Program

Newegg’s CEO and other executive