# EDGAR Filing Document

**Accession Number:** 0000880807
**File Stem:** 0001437749-26-019163
**Filing Date:** 2026-6
**Character Count:** 8913
**Document Hash:** 73c46fa7004328a471a0658db992b126
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-019163.hdr.sgml**: 20260602

**ACCESSION NUMBER**: 0001437749-26-019163

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260601

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260602

**DATE AS OF CHANGE**: 20260602

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN SUPERCONDUCTOR CORP /DE/
- **CENTRAL INDEX KEY:** 0000880807
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTORS & GENERATORS [3621]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 042959321
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-19672
- **FILM NUMBER:** 261055918

**BUSINESS ADDRESS:**
- **STREET 1:** SIXTY FOUR JACKSON ROAD
- **CITY:** DEVENS
- **STATE:** MA
- **ZIP:** 01434
- **BUSINESS PHONE:** 9788423000

**MAIL ADDRESS:**
- **STREET 1:** SIXTY FOUR JACKSON ROAD
- **CITY:** DEVENS
- **STATE:** MA
- **ZIP:** 01434

?xml version='1.0' encoding='ASCII'? amsc20260601_8k.htm

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**UNITED STATES**

 **SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**The Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported):**

**June 1, 2026**

## American Superconductor Corporation
**(Exact name of registrant as specified in its charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **000-19672** | **04-2959321** |
| **(State or other jurisdiction** | **(Commission** | **(IRS Employer** |
| **of incorporation)** | **File Number)** | **Identification No.)** |

---

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| | |
|:---|:---|
| **114 East Main Street**<br> **Ayer, Massachusetts** | **01432** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant**'**s telephone number, including area code <u>(978)</u><u>842-3000</u>**

**Not Applicable**

**(Former name or former address, if changed since last report.)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Common Stock, $0.01 par value per share** | **AMSC** | **Nasdaq Global Select Market** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

*(****e) Fiscal 2026 Executive Incentive Plan*.** On June 1, 2026, the Compensation Committee (the "<u>Committee</u>") of the Board of Directors (the "<u>Board</u>") of American Superconductor Corporation (the "<u>Company</u>") and the Board approved an executive incentive plan for the Company's fiscal year ending March 31, 2027 ("<u>fiscal 2026</u>"). Participants in the plan include the Company's chief executive officer and all other current executive officers. Pursuant to the plan, each participant is designated a target cash incentive amount, expressed as a percentage of the participant's annual base salary. The Committee is responsible for determining the payout under the plan to each participant except the chief executive officer. The Board determines the payout under the plan for the chief executive officer, taking into account the recommendation of the Committee.

The amount of the incentive award actually paid to each participant may be less than or greater than the participant's target cash incentive, with the amount capped at 200% of the target incentive. For each participant, individual incentive awards will be determined following the end of fiscal 2026 based on the following factors and their corresponding weightings:

• the Company's non-GAAP net income for fiscal 2026 as compared to the established target – 50%

• the Company's revenues for fiscal 2026 as compared to the established target – 25%

• the Company's operating expenses for fiscal 2026 as compared to the established target – 25%

The following table sets forth the target cash incentive for fiscal 2026 for each current executive officer:

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| | | | |
|:---|:---|:---|:---|
| **Executive Officer** | **Title** | **Target Incentive**<br> **as % of**<br> **Base Salary** | **Target Incentive** |
| Daniel P. McGahn | Chairman, President and Chief Executive Officer | 100% | $754000 |
| John W. Kosiba, Jr. | Senior Vice President, Chief Financial Officer and Treasurer | 75% | $351000 |

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**Item 9.01. Financial Statements and Exhibits.**

(d*) Exhibits*:

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| | |
|:---|:---|
| **Exhibit**<br> **No.** | **<u>Description</u>** |
| 10.1 | [Fiscal 2026 Executive Incentive Plan.](ex_970510.htm) |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  | AMERICAN SUPERCONDUCTOR CORPORATION | AMERICAN SUPERCONDUCTOR CORPORATION |
| Date: | June 2, 2026 | By: | /S/ JOHN W. KOSIBA, JR. |
|  |  |  | **John W. Kosiba, Jr.** |
|  |  |  | *Senior Vice President and Chief Financial Officer* |

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## Exhibit 10.1

***Exhibit 10.1***

***Fiscal 2026 Executive Incentive Plan*.** On June 1, 2026, the Compensation Committee (the "<u>Committee</u>") of the Board of Directors (the "<u>Board</u>") of American Superconductor Corporation (the "<u>Company</u>") and the Board approved an executive incentive plan for the Company's fiscal year ending March 31, 2027 ("<u>fiscal 2026</u>"). Participants in the plan include the Company's chief executive officer and all other current executive officers. Pursuant to the plan, each participant is designated a target cash incentive amount, expressed as a percentage of the participant's annual base salary. The Committee is responsible for determining the payout under the plan to each participant except the chief executive officer. The Board determines the payout under the plan for the chief executive officer, taking into account the recommendation of the Committee.

The amount of the incentive award actually paid to each participant may be less than or greater than the participant's target cash incentive, with the amount capped at 200% of the target incentive. For each participant, individual incentive awards will be determined following the end of fiscal 2026 based on the following factors and their corresponding weightings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's non-GAAP net income for fiscal 2026 as compared to the established target – 50%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's revenues for fiscal 2026 as compared to the established target – 25%

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Company's operating expenses for fiscal 2026 as compared to the established target – 25%

The following table sets forth the target cash incentive for fiscal 2026 for each current executive officer:

---

| | | | |
|:---|:---|:---|:---|
| **Executive Officer** | **Title** | **Target Incentive**<br> **as % of**<br> **Base Salary** | **Target Incentive** |
| Daniel P. McGahn | Chairman, President and Chief Executive Officer | 100% | $754000 |
| John W. Kosiba, Jr. | Senior Vice President, Chief Financial Officer and Treasurer | 75% | $351000 |

---