SECURITIES AND EXCHANGE COMMISSION
the Securities Exchange Act of 1934 (Amendment No. )
President, Chief Executive Officer and Chairman
Sunnyvale, CA 94089
To Be Held August 22, 2024
Secretary
July 18, 2024
| | IMPORTANT: Please vote your shares via the Internet or by telephone, in accordance with the instructions contained in the accompanying materials, or by dating and signing the proxy card and returning it in the accompanying postage-paid envelope to ensure that your shares are represented at the meeting. If you attend the audio webcast of the meeting, you may choose to vote your shares even if you have previously sent in your proxy card or submitted your proxy via the Internet. | | |
| | IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON AUGUST 22, 2024: Our proxy statement is enclosed. Financial and other information concerning GSI Technology, Inc. is contained in our annual report to stockholders for the fiscal year ended March 31, 2024. A complete set of proxy materials relating to our annual meeting is available on the Internet. These materials, consisting of the notice of annual meeting, proxy statement, proxy card and annual report to stockholders, may be viewed and downloaded at: http://ir.gsitechnology.com/proxy-materials. | | |
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1213 Elko Drive
Sunnyvale, CA 94089
FOR ANNUAL MEETING OF STOCKHOLDERS
To Be Held August 22, 2024
GSI Technology, Inc. Legal Proxy
P.O. Box 43001
Providence, RI 02940-3001
Nominee’s Name
|
| |
Principal Occupation
|
| |
Age
|
| |
Director
Since |
|
Jack A. Bradley
|
| | Former Partner, David Powell Financial Services, Independent consultant for early stage technology companies | | |
75
|
| |
2015
|
|
Elizabeth Cholawsky
|
| | Former Chief Executive Officer of HG Insights Inc.; Board member of American Riviera Bancorp; former President, CEO and Board member of Support.com, Inc. | | |
68
|
| |
2019
|
|
Haydn Hsieh
|
| | Chairman and Chief Strategy Officer of Wistron NeWeb Corp. | | |
69
|
| |
2008
|
|
Ruey L. Lu
|
| | President of eMPIA Technology | | |
68
|
| |
2000
|
|
Barbara Nelson(1)
|
| | Former Vice President, Western Digital Corporation; Board member, Audit Committee member and Chair of the Nominating and Corporate Governance Committee of Backblaze, Inc., Board member OneView Healthcare | | |
69
|
| |
2021
|
|
Lee-Lean Shu
|
| | President, Chief Executive Officer and Chairman of the Board of Directors of GSI Technology | | |
69
|
| |
1995
|
|
Robert Yau
|
| | Secretary of GSI Technology | | |
71
|
| |
1995
|
|
Committee Member
|
| |
Audit
|
| |
Compensation
|
| |
Nominating
and Governance |
|
Jack A. Bradley
|
| |
Chair
|
| |
X
|
| |
X
|
|
Elizabeth Cholawsky
|
| |
X
|
| |
Chair
|
| |
X
|
|
Haydn Hsieh
|
| |
X
|
| |
X
|
| | | |
Ruey L. Lu
|
| | | | |
X
|
| |
X
|
|
Barbara Nelson
|
| |
X
|
| | | | |
Chair
|
|
Qualification
|
| |
Jack A.
Bradley |
| |
Elizabeth
Cholawsky |
| |
Haydn
Hsieh |
| |
Ruey-Lin
Lu |
| |
Lee-Lean
Shu |
| |
Robert
Yau |
| |||||||||||||||
Audit and Financial Expertise
|
| |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | |
Broad Business & Corporate Governance Experience | | |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | |
Public Company Board
Experience |
| | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | |
Understanding of a Board’s
Legal Duties and Responsibilities |
| |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
Cybersecurity Expertise
|
| | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | |
ESG Expertise
|
| | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | |
Relevant Industry Experience (Semiconductor) | | |
✓
|
| | | | | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
Relevant Industry Experience (Software/SaaS) | | |
✓
|
| | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | |
Strategic Planning Capabilities
|
| |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | |
Capital Markets Expertise
|
| |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | | | | | | | |
International Business
Experience |
| |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | |
Sales Experience
|
| |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | |
Risk Management Background
|
| |
✓
|
| | | | | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | | | |
Leadership Skills
|
| |
✓
|
| | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
Diversity (Gender)
|
| | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | |
Diversity (Ethnic/Racial)
|
| | | | | | | | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | | | | | ✓ | | |
Board Diversity Matrix (as of June 30, 2024)
|
| ||||||||||||||||||||||||
Total Number of Directors
|
| |
7
|
| |||||||||||||||||||||
| | |
Female
|
| |
Male
|
| |
Non-Binary
|
| |
Did Not
Disclose Gender |
| ||||||||||||
Part I: Gender Identity | | | | | | | | | | | | | | | | | | | | | | | | | |
Directors
|
| | | | 2 | | | | | | 5 | | | | | | — | | | | | | — | | |
Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
African American or Black
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Alaskan Native or Native American
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Asian
|
| | | | — | | | | | | 4 | | | | | | — | | | | | | — | | |
Hispanic or Latinx
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Native Hawaiian or Pacific Islander
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
White (not of Hispanic or Latinx origin)
|
| | | | 2 | | | | | | 1 | | | | | | — | | | | | | — | | |
Two or More Races or Ethnicities
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
LGBTQ+
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Did Not Disclose Demographic Background
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
c/o Secretary
GSI TECHNOLOGY, INC.
1213 Elko Drive
Sunnyvale, California 94089
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
| | |
Fiscal 2024
|
| |
Fiscal 2023
|
| ||||||
Audit fees(1)
|
| | | $ | 880,680 | | | | | $ | 926,200 | | |
Tax fees(2)
|
| | | | 35,700 | | | | | | 30,778 | | |
Total fees
|
| | | $ | 916,380 | | | | | $ | 956,978 | | |
Elizabeth Cholawsky
Haydn Hsieh
Barbara Nelson
ON EXECUTIVE COMPENSATION (SAY-ON-PAY)
| Aehr Test Systems | | | Everspin Technologies | | | NVE Corporation | |
| Amtech Systems, Inc. | | | Immersion Corporation | | | Pixelworks, Inc | |
| AXT, Inc. | | | inTEST Corporation | | | QuickLogic Corporation | |
| Emcore Corporation | | | Kopin Corporation | | | Techpoint, Inc. | |
| | | | Lantronix | | | | |
Name
|
| |
Title
|
| |
Fiscal 2024
Base Salary |
| |
Percentage
Increase over Fiscal 2023 Base Salary |
| ||||||
Lee-Lean Shu
|
| |
President and Chief Executive Officer
|
| | | $ | 431,912(1) | | | | |
|
—
|
| |
Patrick Chuang
|
| |
Senior Vice President, Memory Design
|
| | | $ | 359,290(2) | | | | |
|
—
|
| |
Didier Lasserre
|
| | Vice President, Sales | | | | $ | 322,712(3) | | | | |
|
—
|
| |
Name
|
| |
Fiscal 2024
Target Bonus |
| |
Fiscal 2024
Bonus Earned |
| ||||||
Lee-Lean Shu
|
| | | $ | 275,000 | | | | | $ | 89,080 | | |
Patrick Chuang
|
| | | $ | 137,500 | | | | | $ | 44,540 | | |
Didier Lasserre
|
| | | $ | 137,500 | | | | | $ | 44,540 | | |
Name
|
| |
Principal Position
|
| |
Fiscal 2024
Base Salary |
| |
Fiscal 2024
Total Cash Compensation Earned |
| ||||||
Lee-Lean Shu
|
| |
President and Chief Executive Officer
|
| | | $ | 431,912 | | | | | $ | 391,419(1) | | |
Patrick Chuang
|
| |
Senior Vice President, Memory Design
|
| | | $ | 359,290 | | | | | $ | 367,901(2) | | |
Didier Lasserre
|
| | Vice President, Sales | | | | $ | 322,712 | | | | | $ | 340,381(3) | | |
Name
|
| |
Shares
|
| |||
Lee-Lean Shu
|
| | | | 250,000 | | |
Patrick Chuang
|
| | | | 60,000 | | |
Didier Lasserre
|
| | | | 60,000 | | |
Jack A. Bradley
Haydn Hsieh
Ruey L. Lu
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||||||||
Lee-Lean Shu
|
| | | | 2024 | | | | | | 302,339 | | | | | | 482,217 | | | | | | 89,080(2) | | | | |
|
—
|
| | | | | 873,636 | | |
President and Chief Executive Officer
|
| | | | 2023 | | | | | | 388,721 | | | | | | 341,545 | | | | |
|
—
|
| | | |
|
—
|
| | | | | 730,266 | | |
Patrick Chuang
|
| | | | 2024 | | | | | | 323,361 | | | | | | 139,725 | | | | | | 44,540(3) | | | | |
|
—
|
| | | | | 507,626 | | |
Senior Vice President, Memory Design
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Douglas M. Schirle
|
| | | | 2023 | | | | | | 296,373 | | | | | | 94,446 | | | | |
|
—
|
| | | |
|
—
|
| | | | | 390,819 | | |
Chief Financial Officer
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Didier Lasserre
|
| | | | 2024 | | | | | | 290,441 | | | | | | 139,725 | | | | | | 44,540(3) | | | | | | 5,400(4) | | | | | | 480,106 | | |
Vice President, Sales
|
| | | | 2023 | | | | | | 311,955 | | | | | | 94,446 | | | | |
|
—
|
| | | | | 5,400(4) | | | | | | 411,801 | | |
| | | | | | | | |
Estimated Future Payouts Under
Non-Equity Incentive Plan Awards(1) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| |
Exercise
or Base Price of Option Awards ($) |
| |
Grant Date
Fair Value of Option Awards ($)(2) |
| ||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| ||||||||||||||||||||||||||||||
Lee-Lean Shu
|
| | | | 7/31/23 | | | | |
|
—
|
| | | | | 275,000 | | | | | | 550,000 | | | | | | 100,000(3) | | | | | | 4.39 | | | | | | 282,860 | | |
| | | | | 1/29/24 | | | | |
|
—
|
| | | |
|
—
|
| | | |
|
—
|
| | | | | 150,000(4) | | | | | | 1.92 | | | | | | 199,357 | | |
Patrick Chuang
|
| | | | 7/31/23 | | | | |
|
—
|
| | | | | 137,500 | | | | | | 275,000 | | | | | | 40,000(5) | | | | | | 4.39 | | | | | | 113,144 | | |
| | | | | 1/29/24 | | | | |
|
—
|
| | | |
|
—
|
| | | |
|
—
|
| | | | | 20,000(4) | | | | | | 1.92 | | | | | | 26,581 | | |
Didier Lasserre
|
| | | | 7/31/23 | | | | |
|
—
|
| | | | | 137,500 | | | | | | 275,000 | | | | | | 40,000(6) | | | | | | 4.39 | | | | | | 113,144 | | |
| | | | | 1/29/24 | | | | |
|
—
|
| | | |
|
—
|
| | | |
|
—
|
| | | | | 20,000(4) | | | | | | 1.92 | | | | | | 26,581 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Lee-Lean Shu
|
| | | | 100,000 | | | | |
|
—
|
| | | | | 5.23 | | | | | | 8/11/24 | | |
| | | | | 100,000 | | | | |
|
—
|
| | | | | 4.98 | | | | | | 8/3/25 | | |
| | | | | 100,000 | | | | |
|
—
|
| | | | | 4.99 | | | | | | 8/1/26 | | |
| | | | | 100,000 | | | | |
|
—
|
| | | | | 7.26 | | | | | | 7/31/27 | | |
| | | | | 100,000 | | | | |
|
—
|
| | | | | 6.70 | | | | | | 7/30/28 | | |
| | | | | 100,000 | | | | |
|
—
|
| | | | | 8.30 | | | | | | 7/29/29 | | |
| | | | | — | | | | | | 100,000(1) | | | | | | 5.83 | | | | | | 8/3/30 | | |
| | | | | — | | | | | | 100,000(2) | | | | | | 5.58 | | | | | | 8/2/31 | | |
| | | | | — | | | | | | 100,000(3) | | | | | | 4.08 | | | | | | 8/1/32 | | |
| | | | | 150,000 | | | | |
|
—
|
| | | | | 2.27 | | | | | | 12/2/32 | | |
| | | | | — | | | | | | 100,000(4) | | | | | | 4.39 | | | | | | 7/31/33 | | |
| | | | | — | | | | | | 150,000(5) | | | | | | 1.92 | | | | | | 1/29/34 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Patrick Chuang
|
| | | | 40,000 | | | | |
|
—
|
| | | | | 5.23 | | | | | | 8/11/24 | | |
| | | | | 40,000 | | | | |
|
—
|
| | | | | 4.98 | | | | | | 8/3/25 | | |
| | | | | 40,000 | | | | |
|
—
|
| | | | | 4.99 | | | | | | 8/1/26 | | |
| | | | | 40,000 | | | | |
|
—
|
| | | | | 7.26 | | | | | | 7/31/27 | | |
| | | | | 40,000 | | | | |
|
—
|
| | | | | 6.70 | | | | | | 7/30/28 | | |
| | | | | 40,000 | | | | |
|
—
|
| | | | | 8.30 | | | | | | 7/29/29 | | |
| | | | | — | | | | | | 40,000(6) | | | | | | 5.83 | | | | | | 8/3/30 | | |
| | | | | — | | | | | | 40,000(7) | | | | | | 5.58 | | | | | | 8/2/31 | | |
| | | | | — | | | | | | 40,000(8) | | | | | | 4.08 | | | | | | 8/1/32 | | |
| | | | | 20,000 | | | | |
|
—
|
| | | | | 2.27 | | | | | | 12/2/32 | | |
| | | | | — | | | | | | 40,000(9) | | | | | | 4.39 | | | | | | 7/31/33 | | |
| | | | | — | | | | | | 20,000(5) | | | | | | 1.92 | | | | | | 1/29/34 | | |
Didier Lasserre
|
| | | | 30,000 | | | | |
|
—
|
| | | | | 5.23 | | | | | | 8/11/24 | | |
| | | | | 30,000 | | | | |
|
—
|
| | | | | 4.98 | | | | | | 8/3/25 | | |
| | | | | 30,000 | | | | |
|
—
|
| | | | | 4.99 | | | | | | 8/1/26 | | |
| | | | | 30,000 | | | | | | | | | | | | 7.26 | | | | | | 7/31/27 | | |
| | | | | 40,000 | | | | |
|
—
|
| | | | | 6.70 | | | | | | 7/30/28 | | |
| | | | | 40,000 | | | | |
|
—
|
| | | | | 8.30 | | | | | | 7/29/29 | | |
| | | | | — | | | | | | 40,000(10) | | | | | | 5.83 | | | | | | 8/3/30 | | |
| | | | | — | | | | | | 40,000(11) | | | | | | 5.58 | | | | | | 8/2/31 | | |
| | | | | — | | | | | | 40,000(12) | | | | | | 4.08 | | | | | | 8/1/32 | | |
| | | | | 20,000 | | | | |
|
—
|
| | | | | 2.27 | | | | | | 12/2/32 | | |
| | | | | — | | | | | | 40,000(13) | | | | | | 4.39 | | | | | | 7/31/33 | | |
| | | | | — | | | | | | 20,000(5) | | | | | | 1.92 | | | | | | 1/29/34 | | |
| | |
Cash Severance Payment
|
| | | | ||||||||||||||||||||||||
Name
|
| |
Based on
Salary |
| |
Based on
Bonus |
| |
Continued Health
Benefits(1) |
| |
Acceleration of
Stock Options(2) |
| |
Total
|
| |||||||||||||||
Lee-Lean Shu
|
| | | $ | 1,079,780 | | | | | $ | 215,756 | | | | | $ | 91,455 | | | | | $ | 222,000 | | | | | $ | 1,608,991 | | |
Patrick Chuang
|
| | | | 419,172 | | | | | | 85,608 | | | | | | 42,679 | | | | | | 29,600 | | | | | | 577,059 | | |
Didier Lasserre
|
| | | | 726,102 | | | | | | 85,608 | | | | | | 115,094 | | | | | | 29,600 | | | | | | 956,404 | | |
| Board | | | | $ | 40,000 | | |
|
Lead Director
|
| | | $ | 20,000 | | |
| Audit Committee: | | | |||||
|
•
Chair
|
| | | $ | 20,000 | | |
|
•
Other Members
|
| | | $ | 7,500 | | |
| Compensation Committee: | | | |||||
|
•
Chair
|
| | | $ | 10,000 | | |
|
•
Other Members
|
| | | $ | 5,000 | | |
| Nominating and Governance Committee: | | | |||||
|
•
Chair
|
| | | $ | 7,500 | | |
|
•
Other Members
|
| | | $ | 3,000 | | |
Name
|
| |
Fees Earned
or Paid in Cash ($) |
| |
Option Awards
($)(1)(2)(3) |
| |
Total ($)
|
| |||||||||
Jack A. Bradley
|
| | | | 87,875 | | | | | | 59,895 | | | | | | 147,770 | | |
Elizabeth Cholawsky
|
| | | | 60,500 | | | | | | 41,178 | | | | | | 101,678 | | |
Haydn Hsieh
|
| | | | 52,500 | | | | | | 35,732 | | | | | | 88,232 | | |
Ruey L. Lu
|
| | | | 48,000 | | | | | | 32,669 | | | | | | 80,669 | | |
Barbara Nelson
|
| | | | 55,000 | | | | | | 37,434 | | | | | | 92,434 | | |
Robert Yau(4)
|
| | | | — | | | | | | — | | | | | | — | | |
Plan Category
|
| |
Number of shares to
be issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-average
exercise price of outstanding options, warrants and rights (b) |
| |
Number of shares
remaining available for future issuance under equity compensation plans (excluding shares reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by stockholders
|
| | | | 8,968,199 | | | | | $ | 5.26 | | | | | | 3,509,085(1)(2) | | |
Pay Versus Performance
|
| ||||||||||||||||||||||||||||||||||||
Year(1)
|
| |
Summary
Compensation Table Total for PEO(2) |
| |
Compensation
Actually Paid to PEO(3) |
| |
Average
Summary Compensation Table Total for Non-PEO NEOs(2) |
| |
Average
Compensation Actually Paid to Non-PEO NEOs(4) |
| |
Total
Stockholder Return (Value of $100 Initial Investment on 3/31/21)(5) |
| |
Net
Income (Loss)(6) |
| ||||||||||||||||||
2024
|
| | | $ | 873,636 | | | | | $ | 1,752,432 | | | | | $ | 493,866 | | | | | $ | 816,008 | | | | | $ | 51 | | | | | $ | (20,087,000) | | |
2023
|
| | | $ | 730,266 | | | | | $ | 292,681 | | | | | $ | 401,310 | | | | | $ | 245,877 | | | | | $ | 26 | | | | | $ | (15,977,000) | | |
2022
|
| | | $ | 1,076,223 | | | | | $ | 472,737 | | | | | $ | 591,858 | | | | | $ | 353,027 | | | | | $ | 57 | | | | | $ | (16,368,000) | | |
|
PEO
|
| |||||||||||||||||||||
|
+/-
|
| | | | |
2022
|
| |
2023
|
| |
2024
|
| |||||||||
| | | |
Summary Compensation Table – Total Compensation(a)
|
| | | $ | 1,076,223 | | | | | $ | 730,266 | | | | | $ | 873,636 | | |
|
-
|
| |
Grant Date Fair Value of Stock Awards and Option Awards Granted
in Fiscal Year(b) |
| | | $ | 233,630 | | | | | $ | 341,545 | | | | | $ | 482,217 | | |
|
+
|
| |
Fair Value at Fiscal Year End of Outstanding and Unvested Stock
Awards and Option Awards Granted in Fiscal Year(c) |
| | | $ | 119,217 | | | | | $ | 142,783 | | | | | $ | 627,224 | | |
|
+
|
| |
Change in Fair Value of Outstanding and Unvested Stock Awards
and Option Awards Granted in Prior Fiscal Years(d) |
| | | $ | (498,963) | | | | | $ | (228,557) | | | | | $ | 528,280 | | |
|
PEO
|
| |||||||||||||||||||||
|
+/-
|
| | | | |
2022
|
| |
2023
|
| |
2024
|
| |||||||||
|
+
|
| |
Fair Value at Vesting of Stock Awards and Option Awards Granted
in Fiscal Year That Vested During Fiscal Year(e) |
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
|
+
|
| |
Change in Fair Value as of Vesting Date of Stock Awards and Option
Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(f) |
| | | $ | 9,890 | | | | | $ | (10,266) | | | | | $ | 205,509 | | |
|
-
|
| |
Fair Value as of Prior Fiscal Year End of Stock Awards and Option
Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year(g) |
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
|
=
|
| |
Compensation Actually Paid
|
| | | $ | 472,737 | | | | | $ | 292,681 | | | | | $ | 1,752,432 | | |
|
Reported NEO Average
|
| |||||||||||||||||||||
|
+/-
|
| | | | |
2022
|
| |
2023
|
| |
2024
|
| |||||||||
| | | |
Summary Compensation Table – Total Compensation(a)
|
| | | $ | 591,858 | | | | | $ | 401,310 | | | | | $ | 493,866 | | |
|
-
|
| |
Grant Date Fair Value of Stock Awards and Option Awards Granted
in Fiscal Year(b) |
| | | $ | 87,611 | | | | | $ | 94,446 | | | | | $ | 139,725 | | |
|
+
|
| |
Fair Value at Fiscal Year End of Outstanding and Unvested Stock
Awards and Option Awards Granted in Fiscal Year(c) |
| | | $ | 44,706 | | | | | $ | 29,951 | | | | | $ | 143,481 | | |
|
+
|
| |
Change in Fair Value of Outstanding and Unvested Stock Awards
and Option Awards Granted in Prior Fiscal Years(d) |
| | | $ | (187,111) | | | | | $ | (91,423) | | | | | $ | 211,312 | | |
|
+
|
| |
Fair Value at Vesting of Stock Awards and Option Awards Granted
in Fiscal Year That Vested During Fiscal Year(e) |
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
|
+
|
| |
Change in Fair Value as of Vesting Date of Stock Awards and Option
Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year(f) |
| | | $ | (8,815) | | | | | $ | 485 | | | | | $ | 107,074 | | |
|
-
|
| |
Fair Value as of Prior Fiscal Year End of Stock Awards and Option
Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year(g) |
| | | $ | 0 | | | | | $ | 0 | | | | | $ | 0 | | |
|
=
|
| |
Compensation Actually Paid
|
| | | $ | 353,027 | | | | | $ | 245,877 | | | | | $ | 816,008 | | |
Beneficial Owner(1)
|
| |
Number of
Shares Beneficially Owned(2) |
| |
Percentage
of Shares Beneficially Owned(3) |
| ||||||
Principal Stockholder: | | | | | | | | | | | | | |
Jing Rong Tang(4)
|
| | | | 1,525,141 | | | | | | 6.0 | | |
c/o HolyStone Enterprises Co., Ltd.
1FL No. 62, Sec 2 Huang Shan Road Taipei, Taiwan, R.O.C |
| | | ||||||||||
Directors, Named Executive Officers and certain Executive Officers: | | | | | | | | | | | | | |
Lee-Lean Shu(5)
|
| | | | 3,464,615 | | | | | | 13.1 | | |
Jack A. Bradley(6)
|
| | | | 165,821 | | | | | | * | | |
Elizabeth Cholawsky(7)
|
| | | | 88,846 | | | | | | * | | |
Haydn Hsieh(8)
|
| | | | 137,785 | | | | | | * | | |
Ruey L. Lu(9)
|
| | | | 160,130 | | | | | | * | | |
Barbara Nelson(10)
|
| | | | 63,533 | | | | | | * | | |
Robert Yau(11)
|
| | | | 1,263,614 | | | | | | 4.9 | | |
Patrick Chuang(12)
|
| | | | 315,166 | | | | | | 1.2 | | |
Didier Lasserre(13)
|
| | | | 564,140 | | | | | | 2.2 | | |
All executive officers and directors as a group (14 persons)(14)
|
| | | | 8,852,731 | | | | | | 34.1 | | |
AT NEXT ANNUAL MEETING