---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-014780"
form_type: "8-K"
ticker: "AMSC"
cik: "0000880807"
company_name: "AMERICAN SUPERCONDUCTOR CORP /DE/"
filed_at: "2022-06-10T23:59:59+00:00"
generated_at: "2026-06-25T02:59:08.947693+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001437749-22-014780
- form_type: 8-K
- ticker: AMSC
- cik: 0000880807
- company_name: AMERICAN SUPERCONDUCTOR CORP /DE/
- filed_at: 2022-06-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880807/000143774922014780/0001437749-22-014780-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880807/000143774922014780/amsc20220609_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-014780
- JSON: https://secwatch.observer/filing/0001437749-22-014780.json
- Plain text: https://secwatch.observer/filing/0001437749-22-014780.txt

## Key facts
- Executive change
  Vikram S. Budhraja resigned as Director at AMERICAN SUPERCONDUCTOR CORP /DE/.
  - Action: resigned
  - Role: Director
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/880807/000143774922014780/0001437749-22-014780-index.htm
- Executive change
  Margaret D. Klein was elected as Director at AMERICAN SUPERCONDUCTOR CORP /DE/.
  - Action: elected
  - Role: Director
  source text: the Board elected two new directors, Laura A. Dambier and Margaret D. Klein, effective at the Effective Time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880807/000143774922014780/0001437749-22-014780-index.htm
- Executive change
  Laura A. Dambier was elected as Director at AMERICAN SUPERCONDUCTOR CORP /DE/.
  - Action: elected
  - Role: Director
  source text: the Board elected two new directors, Laura A. Dambier and Margaret D. Klein, effective at the Effective Time.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880807/000143774922014780/0001437749-22-014780-index.htm

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