secwatch.observer — SEC 8-K summary
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Issuer:     KULICKE & SOFFA INDUSTRIES INC (KLIC)
CIK:        0000056978
Form:       8-K
Filed at:   2026-10-14T13:14:45+00:00
Accession:  0000056978-26-000036
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

K&S replaces Net Income/Operating Margin with Operating Profit/Gross Margin in FY2027 incentive plan
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- MDCC approved amended and restated Incentive Compensation Plan on Oct 13, 2026, effective fiscal 2027 (Oct 4, 2026); prior Net Income and Operating Margin measures dropped.
- Corporate funding now 50/50 Operating Profit and Gross Margin; funding scales range 0%-200% of target with interpolation between threshold, target and maximum.
- If only one of the two thresholds is achieved, funding is capped at 50% of the plan; if neither threshold is achieved, the plan does not fund and there is no payout.
- FY2027 ELT awards are 85% corporate financial performance and 15% individual strategic goals; ELT awards were previously based solely on corporate performance.
- BU scorecards may be tailored by CEO/CFO/GM committee to each unit's growth phase; awards are cash-paid and subject to the Company's Clawback Policy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56978/000005697826000036/0000056978-26-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56978/000005697826000036/klic-20261013.htm
  HTML page:      https://secwatch.observer/filing/0000056978-26-000036

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