Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 40

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 40
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 long-term incentives to our current and future officers, employees, non-employee directors, consultants and other independent advisors in our employ or service (or the employ or service of our affiliates).

In approving the amendment and restatement of the 2018 Plan, the Board made the following material changes, along with certain other conforming or clarifying revisions and non-substantive changes:

• increase the share reserve by 593,000 shares;

• implement a corresponding increase to the number of shares that may be issued in settlement of exercised incentive stock options by an additional 593,000 shares; and

• clarify that a change in control will be triggered under the 2018 Plan only upon the consummation of the corporate actions specified therein (and not just shareholder approval of the transaction).

In addition, for full value awards (i.e., share awards, performance share awards, restricted share units, and performance share units) granted to our Chief Executive Officer beginning on or after August 7, 2025, the Board approved a one-year post-vesting holding requirement that requires the Chief Executive Officer to hold at least fifty percent (50%) of the common shares issued to the Chief Executive Officer under such full value awards, net of any common shares withheld to cover applicable taxes, for a period of one-year following the vesting date as more fully described in the section titled “Executive Compensation Practices – CEO Post-Vesting Holding Requirement” below.

The success of our business is dependent on our ability to motivate and retain our talented team to achieve important goals, and also to recruit top talent. We compete for talent in an industry and in geographic regions (including the Silicon Valley) where equity incentive compensation programs play a pivotal role in incentivizing and retaining key personnel. We believe that our continued ability to offer equity awards is a competitive necessity in our industry and is essential to recruiting and retaining the highly qualified technical and other key employees essential to our long-term growth and financial success, as well as rewarding and motivating current employees.

As of August 31, 2025, there were 513,650 common shares available for future grants under the 2018 Plan (i.e., after deducting shares subject to outstanding awards as of August 31, 2025). If this proposal is approved, the total number of authorized shares under the 2018 Plan will be increased by 593,000 shares to a total of 5,202,000, and the total number of shares available for future grants under the 2018 Plan will be approximately