Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 69

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 69
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 compensation between cash and non-cash components or between short-term and long-term components, and there are no pre-established ratios between the compensation of our Chief Executive Officer and that of the other named executive officers. Instead, our Compensation Committee determines the compensation of each named executive officer based on its review of the market data provided by Compensia, its subjective analysis of that executive’s performance and contribution to our financial performance, the executive’s relative criticality to the Company and the other factors identified in the Compensation Decision-Making Process section above to determine the appropriate level and balance of total compensation. We believe that this approach allows us to tailor compensation for each named executive officer to attract, retain and motivate that executive officer within the parameters of our compensation philosophy.

Base Salaries

Base salaries are set at levels that are intended to recognize the experience, skills, knowledge and responsibilities required of all our named executive officers. Each named executive officer's base salary level is typically reviewed on an annual basis and adjustments may be made to the executive’s base salary on the basis of his or her level of performance, the overall performance of the Company and the various compensation trends in our industry.

In February 2025, the Compensation Committee approved salary adjustments over the fiscal year 2025. The base salaries for the named executive officers effective July 1, 2025 were as follows:

| Named Executive Officer |     | Annual Base Salary |         |
|:------------------------|:----|:-------------------|--------:|
| Stephen C. Chang        |     | $                  | 504,700 |
| Yifan Liang             |     | $                  | 381,100 |
| Mike F. Chang           |     | $                  | 437,750 |
| Wenjun Li               |     | $                  | 352,260 |
| Bing Xue                |     | $                  | 360,500 |

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Annual Performance-Based Cash Bonuses

Our named executive officers are eligible to receive a cash bonus under our annual Executive Incentive Plan. Each year, our Compensation Committee establishes the performance objectives to be attained and the target bonuses payable based on the level of attainment of the specified goals. The bonus is determined on a calendar year basis with performance goals based on the Company’s annual operating plan which is established on a calendar year basis.

In March 2024, the Compensation Committee determined to defer the adoption of the calendar year 2024 Executive Incentive Plan until later in the year given the continued