AMSC board changes and fiscal 2022 incentive plan approved with CEO target of $525,000

AMERICAN SUPERCONDUCTOR CORP /DE/

Director Vikram S. Budhraja resigned effective June 10, 2022.
Laura A. Dambier and Margaret D. Klein elected to the board; Dambier to Audit Committee, Klein to Compensation Committee.
Fiscal 2022 executive incentive plan: 50% operating cash flow, 25% revenue, 25% operating expenses weightings.
CEO Daniel P. McGahn target incentive $525,000 (100% of base salary); CFO John W. Kosiba Jr. target $200,750 (55% of base salary).

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Vikram S. Budhraja

Director

AMSC · AMERICAN SUPERCONDUCTOR CORP /DE/

Effective: 2022-06-10
Filed: June 10, 2022, 7:59 PM ET

On June 7, 2022, Vikram S. Budhraja informed the Board of Directors (the “ Board ”) of American Superconductor Corporation (the “ Company ”) of his resignation from the Board, effective at 12 p.m. eastern time on Friday, June 10, 2022

Appointed

Margaret D. Klein

Director

AMSC · AMERICAN SUPERCONDUCTOR CORP /DE/

Effective: 2022-06-10
Filed: June 10, 2022, 7:59 PM ET

the Board elected two new directors, Laura A. Dambier and Margaret D. Klein, effective at the Effective Time.

Appointed

Laura A. Dambier

Director

AMSC · AMERICAN SUPERCONDUCTOR CORP /DE/

Effective: 2022-06-10
Filed: June 10, 2022, 7:59 PM ET

the Board elected two new directors, Laura A. Dambier and Margaret D. Klein, effective at the Effective Time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Vikram S. Budhraja resigned as Director at AMERICAN SUPERCONDUCTOR CORP /DE/.

Action: resigned
Role: Director

Exact text from the filing

On June 7, 2022, Vikram S. Budhraja informed the Board of Directors (the “ Board ”) of American Superconductor Corporation (the “ Company ”) of his resignation from the Board, effective at 12 p.m. eastern time on Friday, June 10, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Margaret D. Klein was elected as Director at AMERICAN SUPERCONDUCTOR CORP /DE/.

Action: elected
Role: Director

Exact text from the filing

the Board elected two new directors, Laura A. Dambier and Margaret D. Klein, effective at the Effective Time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Laura A. Dambier was elected as Director at AMERICAN SUPERCONDUCTOR CORP /DE/.

Action: elected
Role: Director

Exact text from the filing

the Board elected two new directors, Laura A. Dambier and Margaret D. Klein, effective at the Effective Time.

View on SEC.gov

AMERICAN SUPERCONDUCTOR CORP /DE/ filing history →

Source: SEC EDGAR

accession 0001437749-22-014780

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