Diodes SVP Evan Yu to resign Jan 31, 2023; will serve as contractor on subsidiary boards

DIODES INC /DEL/

Evan Yu voluntarily resigns as SVP Worldwide Power Products effective close of business Jan 31, 2023.
From Feb 1, 2023 through Jan 31, 2024, he will work as an at-will part-time contractor representing Diodes on certain subsidiary or affiliated boards.
He receives $310,000 annual base salary in 12 monthly installments (Feb 2023–Jan 2024) plus continued vesting of time-based RSUs and partial vesting of PSUs.
For contractor services, he receives $20,000 NT per month (approx. $650 USD) and is allowed to keep company laptop and phone after data wipe.
Contractor term auto-renews yearly unless either party gives notice by Jan 31; he must sign a release of claims within 30 days after transition.

item 5.02 item 9.01

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Departed

Evan Yu

Senior Vice President, Worldwide Power Products

DIOD · DIODES INC /DEL/

Effective: 2023-01-31
Filed: January 17, 2023, 6:59 PM ET

Pursuant to the Agreement, effective at the close of business on January 31, 2023, Mr. Yu will voluntarily resign his position as Senior Vice President, Worldwide Power Products.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Evan Yu resigned as Senior Vice President, Worldwide Power Products at DIODES INC /DEL/.

Action: resigned
Role: Senior Vice President, Worldwide Power Products

Exact text from the filing

Pursuant to the Agreement, effective at the close of business on January 31, 2023, Mr. Yu will voluntarily resign his position as Senior Vice President, Worldwide Power Products.

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Source: SEC EDGAR

accession 0000950170-23-000826

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