EX-10.1
from 10-Q
4 pages
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 2022 Target Bonus Program on June 30, 2022, the Compensation Committee (The “Compensation Committee”) of the Board of Directors of NeoPhotonics Corporation (The “Company”) Approved a 2022 Incentive Bonus Program (The “2022 Bonus Program”) for the Company’s Executive Officers and Other Employees. the Compensation Committee Structured Target Bonuses for the Fiscal Year 2022 So That Payouts Would Be Determined Based in Part on Achievement Against Corporate Objectives, Including: • Non-Gaap Net Income From Operations for the Fiscal Year 2022; • Free Cash Flow for the Fiscal Year 2022; and • Completion of Research and Development Product Milestones in Fiscal Year 2022. for Target Bonuses for the Fiscal Year 2022, the Compensation Committee Established Performance Goals for Each of the Above Metrics That Are Aligned With Corporate Objectives That Were Previously Established in the First Quarter. While These Various Performance Goals Were Selected, They Are Merely Non-Binding Guidelines to Be Used as One Factor in Determining the Actual Bonuses Earned. for Executives Other Than the Chief Executive Officer, Individual Performance Goals Will Also Be Included in the 2022 Bonus Program. the Compensation Committee Did Not Make Any Changes to the Target Bonus Percentages for the Company’s “Named Executive Officers” From 2021, Which Are as Follows: Named Executive Officer 2022 Target Bonus Percentage Timothy S. Jenks, President and Chief Executive Officer 100 % Elizabeth Eby, Senior Vice President, Finance and Chief Financial Officer 60 % Dr. Raymond Cheung, Senior Vice President and Chief Operating Officer 60 % Bradford Wright, Senior Vice President Global Sales 60 % Dr. Wupen Yuen, Senior Vice President, Chief Product Officer and General Manager 60 %
12/34/56
