secwatch.observer — SEC 8-K summary
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Issuer:     AMBARELLA INC (AMBA)
CIK:        0001280263
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001193125-24-050958
Event type: other
Sentiment:  neutral
Materiality: 0.10
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Ambarella approves FY2025 bonus plan; CEO target 100% of base salary
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- CEO Feng-Ming Wang target bonus set at 100% of FY2025 annual base salary.
- Other executive targets range from 40% to 75% of annual base salary.
- Bonus pool metrics: 1/3 revenue, 1/3 operating profit, 1/3 non-financial objectives.
- Maximum aggregate payout capped at 150% of target unless Board approves otherwise.
- No funding below threshold performance; payments within 2.5 months after FY2025 year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280263/000119312524050958/0001193125-24-050958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280263/000119312524050958/d793563d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-050958

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