Company: DSWL
Filing Date: 2025-09-19
Form Type: 6-K
Source: 0002077096-25-000125
Chunk: 11

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-09-19
Form: 6-K
Chunk 11
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 Directors Our policy is to pay directors who are not employees of the Company or any of its subsidiaries $2,000 per month for services as a director, and to reimburse directors for all reasonable expenses incurred in connection with their services as a director and member of Board committees. Independence of Directors The Board has determined that Messrs. Hung -HumLeung, Allen Yau -NamCham and Wing -KiHui are each “independent” within the meaning of Rule 5605(a)(2) of the NASDAQ Stock Market Rules. Audit Committee The Audit Committee meets from time to time to review the financial statements and matters relating to the audit and has full access to management and the Company’s auditors in this regard. The Audit Committee recommends the engagement or discharge of the Company’s independent accountants, consults on the adequacy of the Company’s internal controls and accounting procedures and reviews and approves financial statements and reports. Deswell’s audit committee consists of Messrs. Hung -HumLeung, Allen Yau -NamCham and Wing -KiHui, each of whom is an independent director within the meaning of that term under the NASDAQ Stock Market Rules. Mr. Allen Yau -NamCham currently acts as the Chairman of the Audit Committee. Deswell’s Board of Directors has determined that at least one person serving on the Audit Committee is an “audit committee financial expert” as defined under Item 16A(b) of Form 20 -Fpromulgated by the SEC, which person is Mr. Allen Yau -NamCham. Other Committees; NASDAQ Compliance Various corporate governance practices required of public companies with securities listed on The NASDAQ Stock Market are not required of “controlled companies” such as Deswell. Of the corporate governance practices required under NASDAQ’s Marketplace Rules, Deswell does not have a compensation committee or a nominating committee consisting of independent directors; does not have a formal written charter addressing the nominations process; does not have nominees to its Board selected or recommended by a majority of its independent directors; and does not have the compensation of its Chief Executive Officer and other executive officers determined or recommended to the Board by a majority of its independent directors. For a further discussion of how our SEC reporting and corporate governance practices differ from those applicable to US domestic issuers and US NASDAQ -listedcompanies, see “Our exemptions from certain of the reporting requirements under the Exchange Act limits the protections and information afforded to investors” beginning on page 18 in the Risk Factors section of Item 3 of