Company: AAOI
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0001104659-25-022149
Chunk: 35

Company: APPLIED OPTOELECTRONICS, INC.
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 35
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 ​ | %   | ​ | ​ | ​ | Minimum                                    | ​ | ​ | ​ | Reduced                                           | ​ | ​ | ​ | Target                                             | ​ | ​ | ​ | Maximum                                                   | ​ | ​ | ​ | 2024 Achievement                                              | ​ | ​ | ​ | WeightedAchievement | ​ | ​ |
| ​ | ​ | Non-GAAP EBITDA                | ​ | ​ | ​ | 50% | ​ | ​ | ​ | Non-GAAP EBITDA Losses to not exceed $8.0M | ​ | ​ | ​ | Non-GAAP EBITDA Losses to not exceed $5.0M        | ​ | ​ | ​ | Non-GAAP EBITDA Losses to not exceed $2.0M         | ​ | ​ | ​ | 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