Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 153

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 18
Chunk 153
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5 Stock Option Plan that permits the Company to grant options to officers, directors, employees and others to purchase up to1,012,500shares of Common Stock. On September 29, 1997, the Company approved an increase of549,000shares making a total of1,561,500shares of common stock available under the stock option plan. On January 7, 2002, the Company adopted the 2001 Stock Option Plan to purchase an additional1,125,000shares of Common Stock. On September 30, 2003, the Company adopted the 2003 Stock Option Plan to purchase an additional900,000shares of Common Stock. On September 19, 2005, the Company’s shareholders approved an increase of500,000shares making a total of1,400,000shares of common stock available under the 2003 Stock Option Plan. On August 17, 2007, the Company’s Board of Directors, subject to shareholders’ approval, approved an increase of400,000shares making a total of1,800,000shares of common stock available under the 2003 Stock Option Plan. The Company’s shareholders approved this amendment at the Company’s Annual Shareholders’ Meeting held on October 9, 2007. On August 13, 2010, the Company’s Board of Directors, subject to shareholders’ approval, approved an increase of800,000shares making a total of2,600,000shares of common stock available under the 2003 Stock Option Plan. The Company’s shareholders approved this amendment at the Company’s Annual Shareholders’ Meeting held on September 16, 2010.

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Table of Contents

DESWELL INDUSTRIES, INC.

12. Stock Option Plan(cont.)

On August 7, 2013, the Company’s Board of Directors, subject to shareholder approval, approved amendments to the 2003 Stock Option Plan to increase by900,000shares the number of shares that can be optioned and sold under the 2003 Stock Option Plan, bringing to a total of3,500,000shares the number of common shares that can be optioned and sold under the 2003 Stock Option Plan. The Company’s shareholders approved this amendment at the Company’s Annual Shareholders’ Meeting held on September 11, 2013.

As of March 31, 2025, options to purchase an aggregate of5,669,000common shares had been granted under the stock option plans. Options granted