Alpha and Omega Semiconductor appoints Dr. Mike F. Chang as Executive Chairman and Stephen Chang as CEO

ALPHA & OMEGA SEMICONDUCTOR Ltd

Employment agreements effective March 1, 2023: Dr. Mike F. Chang as Executive Chairman, Stephen Chang as CEO.
Each receives $490,000 annual base salary and target bonus of 100% of base salary.
Non-CIC termination: 12 months continued base salary and health coverage; CIC termination: 24 months salary, 200% target bonus, accelerated equity vesting.
Agreements include restrictive covenants and release of claims for severance eligibility.

item 5.02

Executive movements

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Appointed

Stephen Chang

Chief Executive Officer

AOSL · ALPHA & OMEGA SEMICONDUCTOR Ltd

Effective: 2023-03-01
Filed: February 24, 2023, 6:59 PM ET

an employment agreement with Mr. Stephen Chang (the “Stephen Chang Employment Agreement”, and together with the Mike Change Employment Agreement, the “Employment Agreements”) governing the terms of his employment as the Chief Executive Officer of the Company

Appointed

Dr. Mike F. Chang

Executive Chairman

AOSL · ALPHA & OMEGA SEMICONDUCTOR Ltd

Effective: 2023-03-01
Filed: February 24, 2023, 6:59 PM ET

the Company entered into an employment agreement with Dr. Mike F. Chang (the “Mike Chang Employment Agreement”) governing the terms of his employment as the Executive Chairman of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Stephen Chang was appointed as Chief Executive Officer at ALPHA & OMEGA SEMICONDUCTOR Ltd.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

an employment agreement with Mr. Stephen Chang (the “Stephen Chang Employment Agreement”, and together with the Mike Change Employment Agreement, the “Employment Agreements”) governing the terms of his employment as the Chief Executive Officer of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Mike F. Chang was appointed as Executive Chairman at ALPHA & OMEGA SEMICONDUCTOR Ltd.

Action: appointed
Role: Executive Chairman

Exact text from the filing

the Company entered into an employment agreement with Dr. Mike F. Chang (the “Mike Chang Employment Agreement”) governing the terms of his employment as the Executive Chairman of the Company

View on SEC.gov

ALPHA & OMEGA SEMICONDUCTOR Ltd filing history →

Source: SEC EDGAR

accession 0001387467-23-000018

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