Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 216

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 216
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 of our securities by directors, senior management, and employees. A copy of the Insider Trading Policy has been filed herewith, as exhibit 19.1.

 85

Item 11. Executive Compensation.

Overview

This section discusses the material components of the executive compensation program for our executive officers who are named below. As an emerging growth company, we have opted to comply with the executive compensation disclosure rules applicable to “smaller reporting companies” as such term is defined in the rules promulgated under the Securities Act, which require compensation disclosure for our principal executive officer and our two other most highly compensated executive officers.

In 2024, our chief executive officer and our two other most highly compensated executive officers, referred to collectively as the “named executive officers” (or “NEOs”) were as follows:

•John Schlaefer, Chief Executive Officer

•Edmond Cheng, Chief Financial Officer

•Alex Sum, Sr. VP of Sales and Marketing

Summary Compensation Table

The following table sets out the compensation paid or payable to the NEOs during the last two fiscal years:

    Name and Principal Position
     
    Year
     
    Salary ($)
     
    Bonus($)
     
    Stock Awards ($)
     
    Option Awards ($)
     
    Non-Equity Deferred Compensation Earnings ($)
     
    Nonqualified Deferred Compensation Earnings  ($)
     
    All Other Compensation ($)
     
    Total($)

    John Schlaefer     Chief      Executive     Officer
     
    2024.2023.
     
    $380,500.$373,333.
     
    —.—.
     
    —$78,873(2).
     
    —.—.
     
    —.—.
     
    —.—.
     
    $12,683(1)$8,155(3)
     
    $393,183.$460,361.

    Edmond Cheng(4)     Chief      Financial     Officer
     
    2024.2023
     
    $224,712(5)—
     
    $25,000(6)—
     
    $262,960(7)—
     
    —.—.
     
    —.—.
     
    —.—.
     
    $8,063(8)—
     
    $520,735.—

    Alex Sum     Sr. VP of      Sales