Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 81

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 81
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(1) The value realized is determined by multiplying (i) the fair market value per common share on the applicable vesting date by (ii) the number of shares which vested on such date.

Pension Benefits and Nonqualified Deferred Compensation

We do not provide a pension plan for our named executive officers, and none of our named executive officers participated in a nonqualified deferred compensation plan during the fiscal year ended June 30, 2025.

Agreements Regarding Employment, Change in Control and Termination of Employment

Employment Agreement and Retention Agreements

We entered into an employment agreement with Mr. Stephen Chang effective March 1, 2023 in connection with his appointment as our Chief Executive Officer. We had previously entered into an employment agreement with Dr. Mike F. Chang which was amended effective March 1, 2023 to reflect his role as the Executive Chairman. This employment agreement was further amended, effective March 3, 2025, in connection with his transition to Executive Vice President of Strategic Initiatives. We have also entered into retention agreements with each of Messrs. Liang, Li and Xue. Mr. Liang’s

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agreement superseded his prior retention agreement.

Pursuant to his employment agreement, Mr. Stephen Chang is entitled to a base salary of $490,000 per year (effective March 1, 2023). His base salary is subject to annual review and may be adjusted by our Compensation Committee at its discretion. The Compensation Committee increased his salary to $504,700 effective July 1, 2025. No adjustment was made to base salary for 2024. In addition, Mr. Stephen Chang is eligible to receive a cash bonus in an amount determined by our Compensation Committee based on attainment of specified performance goals. He is also entitled to participate in the benefit plans generally available to our employees, such as group health care coverage and 401(k) plan participation.

Under the terms of his employment agreement, should Mr. Stephen Chang's employment be involuntarily terminated by us without cause or by him for good reason at any time other than during the 12 months following a change in control of the Company, he will be entitled to receive (i) continued base salary for a period of 12 months and (ii) continued health care coverage for himself and his eligible dependents for a period of 12 months