secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001193125-22-117756
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Ambarella FY2023 bonus pool target up 20%; CEO base salary rises 2% to $561K
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- CEO Feng-Ming Wang bonus target 100% of $561K base salary; other execs 40-75% of base.
- Aggregate FY2023 target bonus pool ~20% larger than FY2022 plan.
- CEO annual base salary increased to $561,000 (+2%). Other NEO salaries also up 2%.
- Performance metrics: 1/3 revenue, 1/3 operating profit, 1/3 non-financial objectives.
- Maximum payout capped at 150% of target; threshold failure yields no funding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312522117756/0001193125-22-117756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312522117756/d142314d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-117756

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