Company: AOSL
Filing Date: 2025-09-18
Form Type: DEF 14A
Source: 0001387467-25-000054
Chunk: 70

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-09-18
Form: DEF 14A
Chunk 70
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 slowdown in the semiconductor industry, and eventually decided to not adopt a bonus plan for calendar year 2024.

On February 28, 2025, the Compensation Committee approved the calendar year 2025 Executive Incentive Cash Bonus Plan (the “Incentive Plan”), pursuant to which the named executive officers will receive a cash incentive award based on the level of attainment of specified Company performance goals. The aggregate amount of the award will be determined based on the level of attainment of a range of non-GAAP earnings per share and revenue for the year. A specified minimum amount of each of the non-GAAP earnings per share and revenue goals must be achieved before payment of an award under the Incentive Plan.

The Compensation Committee believes that the earnings per share and revenue goals are the appropriate criteria for our performance- based compensation because they focus our executives on key goals for the success of our business. The revenue goal relates to the importance of growing the Company’s total revenues which is an important measure of success in our competitive industry and is helpful in showing the marketplace that our business has the size and scale required to serve large customers. The earnings per share goal ties to our corporate emphasis on increasing shareholder value through the improvement of the Company’s earnings per share. The Committee believes that the performance goals for the target bonus represent a significant degree of difficulty and the maximum bonus amount can only be earned if stretched goals are achieved.

The actual aggregate amount of the award earned by a named executive officer for the 2025 calendar year will range from $0 to the maximum amount established for that officer depending on the level of attainment of the performance goals. Assuming the minimum performance goals have been achieved, the minimum, target and maximum bonus payable to each named executive officer of the Company (as a percentage of base salary) are as follows:

| Name          |     | Minimum Bonus |     | Target Bonus |     | Maximum Bonus |
| Stephen Chang |     | 23%           |     | 100%         |     | 220%          |
| Yifan Liang   |     | 16%           |     | 70%          |     | 154%          |
| Mike Chang    |     | 16%           |     | 70%          |     | 154%          |
| Wenjun Li     |     | 16%           |     | 70%          |     | 154%          |
| Bing Xue      |     | 16%           |     | 70%          |