UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
_________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 3, 2021
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Alpha and Omega Semiconductor Limited
(Exact name of registrant as specified in its charter)
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| Bermuda | | 001-34717 | | 77-0553536 |
(State or other jurisdiction
of incorporation) | | (Commission
File Number) | | (I.R.S. Employer
Identification No.) |
Clarendon House
2 Church Street
Hamilton HM 11
Bermuda
(Address of principal registered offices)
(408) 830-9742
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
| Trading Symbol(s)
| Name of each exchange on which registered
|
| Common Shares | AOSL | The NASDAQ Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers, Election of Directors; Appointment of Certain Officers; Compensatory Arrangement for Certain Officers.
On February 3, 2021, the Compensation Committee of the Board of Directors of Alpha and Omega Semiconductor Limited (the “Company”), after consideration of the strong financial performance and business accomplishment of the Company in calendar year 2020, approved discretionary cash bonuses (the “Bonuses”) for certain executive officers of the Company for the calendar year commencing January 1, 2020 in the dollar amounts as follows:
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| Name | Title | Bonus Amount |
| Mike Chang | Chief Executive Officer | $ 233,676 |
| Yueh-Se Ho | Chief Operating Officer* | $ 102,000 |
| Yifan Liang | Chief Financial Officer | $ 102,000 |
| Stephen Chang | President | $ 88,500 |
| Bing Xue | Executive VP of WW Sales | $ 88,500 |
*As disclosed in the Form 8-K filed on November 16, 2020, Dr. Ho resigned his position as the Chief Operating Officer effective as of January 1, 2021.
The Bonuses are in addition to the bonuses that may be earned under the performance-based bonus plan established by the Company for the calendar year commencing January 1, 2020, and the amount of any such bonuses will be determined by Compensation Committee.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: February 5, 2021
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| Alpha and Omega Semiconductor Limited |
| |
| By: | | /s/ Yifan Liang |
| Name: | | Yifan Liang |
| Title: | | Chief Financial Officer and Corporate Secretary |
