Ambarella approves FY2024 bonus plan with 17% smaller target pool

AMBARELLA INC

CEO Feng-Ming Wang target bonus set at 100% of base salary; other executives 40-75%.
Performance metrics: 1/3 revenue, 1/3 operating profit, 1/3 non-financial objectives.
Maximum payout 150% of target; failure to meet threshold results in no funding.
Plan covers 7 named executive officers; payouts by 2.5 months after FY2024 end.

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