---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-058274"
form_type: "8-K"
ticker: "AMBA"
cik: "0001280263"
company_name: "AMBARELLA INC"
filed_at: "2023-03-02T23:59:59+00:00"
generated_at: "2026-06-18T14:25:39.485981+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Ambarella approves FY2024 bonus plan with 17% smaller target pool

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-058274
- form_type: 8-K
- ticker: AMBA
- cik: 0001280263
- company_name: AMBARELLA INC
- filed_at: 2023-03-02T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280263/000119312523058274/0001193125-23-058274-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280263/000119312523058274/d460417d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-058274
- JSON: https://secwatch.observer/filing/0001193125-23-058274.json
- Plain text: https://secwatch.observer/filing/0001193125-23-058274.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.