secwatch.observer — SEC 8-K summary
======================================

Issuer:     GCT Semiconductor Holding, Inc. (GCTS)
CIK:        0001851961
Form:       8-K
Filed at:   2026-09-15T20:24:35+00:00
Accession:  0000929638-26-003539
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

GCT Semiconductor approves H2 2026 executive bonus plan; CFO salary raised to $330,383
--------------------------------------------------------------------------------

- On Sept 10, 2026, Compensation Committee approved a cash incentive bonus plan for H2 2026 based on revenue targets and individual KPI goals.
- Each named executive officer (CEO John Schlaefer, CFO Edmond Cheng, SVP Alex Sum, CTO Jeongmin Kim) has a target bonus of 25% of base salary at 100% performance.
- CFO Edmond Cheng's annual base salary increases from $304,500 to $330,383, effective Oct 1, 2026.
- Bonus payout weighting and formula details deferred to the Plan, to be filed with Q3 2026 Form 10-Q.
- No changes to officer roles or departures; arrangement is routine compensatory action.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851961/000092963826003539/0000929638-26-003539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851961/000092963826003539/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-26-003539

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer