Summary Compensation Table
The following table sets forth certain information concerning the compensation earned during the years ended December 31,
2022, 2021
2020 and
2019,2020, of our named executive officers:
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Name and Principal Position | | Year | | | Salary ($)(1) | | | Bonus ($)(2) | | | Option Awards ($) | | | Stock Awards ($)(3) | | | Non-Equity Incentive Plan Compensation ($) | | | Change in Pension Value and Non- qualified Deferred Compensation Earnings ($)(4) | | | All Other Compensation ($) | | | Total ($) | |
Young-Joon Kim Chief Executive Officer | | | 2021 | | | | 557,136 | | | | 1,576,245 | | | | | | | | 2,335,967 | | | | | | | | 68,656 | | | | 1,034,781 | (5) | | | 5,572,785 | |
| | 2020 | | | | 556,399 | | | | 125,000 | | | | — | | | | 1,486,335 | | | | — | | | | 26,089 | | | | 757,844 | | | | 2,951,667 | |
| | | 2019 | | | | 557,863 | | | | — | | | | — | | | | 967,936 | | | | — | | | | 57,012 | | | | 580,075 | | | | 2,162,886 | |
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Theodore Kim | | | 2021 | | | | 329,846 | | | | 801,724 | | | | | | | | 875,709 | | | | | | | | 40,016 | | | | 443,141 | (6) | | | 2,490,436 | |
Chief Compliance Officer, General Counsel and Secretary | | | 2020 | | | | 329,410 | | | | 74,250 | | | | — | | | | 539,350 | | | | — | | | | 16,096 | | | | 333,954 | | | | 1,293,060 | |
| | 2019 | | | | 330,277 | | | | — | | | | — | | | | 547,200 | | | | — | | | | 33,310 | | | | 274,684 | | | | 1,185,471 | |
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Woung Moo Lee | | | 2021 | | | | 306,158 | | | | 127,203 | | | | | | | | 471,760 | | | | | | | | 25,827 | | | | 47,360 | (7) | | | 978,307 | |
General Manager of Worldwide Sales | | | 2020 | | | | 296,913 | | | | 57,527 | | | | — | | | | 406,210 | | | | — | | | | 24,350 | | | | 38,645 | | | | 823,644 | |
| | 2019 | | | | 300,513 | | | | — | | | | — | | | | 571,520 | | | | — | | | | 25,035 | | | | 36,957 | | | | 934,025 | |
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Chan Ho Park | | | 2021 | | | | 329,846 | | | | 118,306 | | | | | | | | 202,186 | | | | | | | | 29,353 | | | | 165,052 | (8) | | | 844,743 | |
General Manager of Power Solutions | | | 2020 | | | | 192,203 | | | | 28,943 | | | | — | | | | 166,350 | | | | — | | | | 15,344 | | | | 189,747 | | | | 592,586 | |
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Young Soo Woo | | | 2021 | | | | 297,418 | | | | 102,976 | | | | | | | | 269,594 | | | | | | | | 24,847 | | | | 33,613 | (9) | | | 728,448 | |
Former Chief Financial Officer | | | 2020 | | | | 176,244 | | | | 28,121 | | | | — | | | | 193,140 | | | | — | | | | 16,141 | | | | 16,907 | | | | 430,552 | |
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Young-Joon Kim
Chief Executive Officer
| | | 2022 | | | 560,420 | | | 605,538 | | | — | | | 4,211,480 | | | — | | | 100,280 | | | 1,565,327(5) | | | 7,043,045 |
| 2021 | | | 557,136 | | | 1,576,245 | | | — | | | 2,335,967 | | | — | | | 68,656 | | | 1,034,781 | | | 5,572,785 |
| 2020 | | | 556,399 | | | 125,000 | | | — | | | 1,486,335 | | | — | | | 26,089 | | | 757,844 | | | 2,951,667 |
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Shin Young Park(6)
Chief Financial Officer
| | | 2022 | | | 312,048 | | | 330,274 | | | — | | | 673,400 | | | — | | | 51,264 | | | 41,548(7) | | | 1,408,534 |
| 2021 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
| 2020 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — |
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Theodore Kim
Chief Compliance Officer, General Counsel and Secretary
| | | 2022 | | | 350,259 | | | 528,439 | | | — | | | 1,122,940 | | | — | | | 72,468 | | | 644,107(8) | | | 2,718,213 |
| 2021 | | | 329,846 | | | 801,724 | | | — | | | 875,709 | | | — | | | 40,016 | | | 443,141 | | | 2,490,436 |
| 2020 | | | 329,410 | | | 74,250 | | | — | | | 539,350 | | | — | | | 16,096 | | | 333,954 | | | 1,293,060 |
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Woung Moo Lee
General Manager of Display Solutions and Worldwide Sales
| | | 2022 | | | 275,633 | | | 178,248 | | | — | | | 527,363 | | | — | | | 25,691 | | | 47,783(9) | | | 1,054,718 |
| 2021 | | | 306,158 | | | 127,203 | | | — | | | 471,760 | | | — | | | 25,827 | | | 47,360 | | | 978,307 |
| 2020 | | | 296,913 | | | 57,527 | | | — | | | 406,210 | | | — | | | 24,350 | | | 38,645 | | | 823,644 |
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Chan Ho Park
General Manager of Power Solutions
| | | 2022 | | | 336,808 | | | 132,110 | | | — | | | 448,939 | | | — | | | 35,470 | | | 168,030(10) | | | 1,121,358 |
| 2021 | | | 329,846 | | | 118,306 | | | — | | | 202,186 | | | — | | | 29,353 | | | 165,052 | | | 844,743 |
| 2020 | | | 192,203 | | | 28,943 | | | — | | | 166,350 | | | — | | | 15,344 | | | 189,747 | | | 592,586 |
Note: A monthly average exchange rate was used to convert amounts in the above table that were originally paid in Korean won.
(1)
| The base salary amounts for Messrs.Mr. YJ Kim, Ms. SY Park, Mr. T. Kim and Mr. CH Park in this table differ from the contractual base salary amounts described in the section above subtitled “Compensation Discussion and Analysis—Annual Base Salary” due to fluctuation in the exchange rate between U.S. dollars and Korean won during the year. The increase in base salary amounts between 2020 and 2021 is also a result of fluctuation in the exchange rate between 2020 and 2021. Mr. WM Lee’s annual base salary in USD appears to have decreased between 2021 and 2022, but is the result of fluctuation in the exchange rate. Mr. CH Park’s base salary in 2020 was calculated based on his service with the Company from his date of hire on June 1, 2020 through December 31, 2020. |
(2)
| Represents cashretention bonuses earned by the applicable named executive officer in 2021.2022. See the section subtitled “Compensation Discussion and Analysis” for a description of the short-term cash incentive amounts paid in 2021. 2022. |
(3)
| The amount reported represents the aggregate grant date fair value of RSUs and PSUs granted to our named executive officers in 2022, 2021 2020 and 2019,2020, determined in accordance with FASB ASC 718. Such grant date fair value does not take into account any estimated forfeitures. The amount reported in this column reflects the accounting cost for these RSUs and PSUs and does not correspond to the actual economic value that may be received by the applicable NEO upon the vesting/settlement of the RSUs or any sale of the underlying shares of common stock.Common Stock. The Financial PSUs and the TSR PSUs are reported here at the target performance level based on the probable outcome of such performance conditions. When calculated at the maximum performance level (which is referred to as “supermaximum” with respect to the TSR PSUs), the amount of the PSUs in 20212022 would be $2,885,376$5,501,860 for Mr. YJ Kim, $722,438$641,550 for Ms. SY Park, $1,070,160 for Mr. T. Kim, $389,211$502,420 for Mr. WM Lee $166,784and $427,709 for Mr. CH ParkPark. Payout percentages for the 2020 TSR PSUs and $222,406 for Mr. YS Woo.the 2022 Financial PSUs were determined by the Compensation Committee on February 24, 2023, and as a result of actual performance over the performance period, these awards were forfeited. See the section subtitled “Compensation Discussion and Analysis—Long-Term Equity Incentives” for further information. |
30
(4)
| Consists of statutory severance accrued for each of the years ended December 31, 2022, 2021 2020 and 2019,2020, as applicable. See the section below subtitled “Pension Benefits for the Fiscal Year Ended December 31, 2021”2022” for a description of the statutory severance benefit. |
(5)
| Includes the following personal benefits paid to Mr. YJ Kim for 2021:2022: (a) $198,043$195,183 for Mr. YJ Kim’s housing lease; (b) $6,113$11,051 for Mr. YJ Kim’s home leave flights; (c) $9,767 for reimbursement of tuition expenses for Mr. YJ Kim’s children; (c) $71,618child; (d) $76,975 for health insurance premiums; (d) $5,431(e) $6,060 for accident insurance and business travel insurance premiums; (e) $26,939(f) $26,907 for annual cash special allowance (the amount reported in this table differs from the $27,000 contractual annual cash special allowance due to fluctuation in the exchange rate between U.S. dollars and Korean won during the year); (f) $13,577(g) $13,559 for car and driver expense (including personal |