Exhibit 99.1
AMENDMENT #3 TO EMPLOYMENT AGREEMENT
This Amendment #3 (“Amendment”), effective as of January 2, 2024 (“Effective Date”) and executed on January 17, 2024, is to the Employment Agreement dated July 21, 2015, as amended on February 22, 2017 and May 31, 2022 (collectively, “Agreement”), by and between Diodes Incorporated, a Delaware corporation (“Company”), with its principal place of business at 4949 Hedgcoxe Road, Suite 200, Plano, TX 75024, and Dr. Keh-Shew Lu, an individual (“Employee”).
WITNESSETH:
WHEREAS, as of the Effective Date, Employee no longer serves as President of the Company;
WHEREAS, the Company and the Employee desire to modify certain provisions of the Agreement;
WHEREAS, this Amendment satisfies the conditions for amending the Agreement provided under Section 4.5 of the Agreement; and
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
“an annual base salary of $740,000, subject to such periodic changes, if any, as the Board of Directors may determine, less any applicable deduction therefrom for income tax or other applicable withholdings, payable in accordance with the Company’s standard practices and procedures;”
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IN WITNESS WHEREOF, the parties have caused this Amendment to the Agreement to be duly executed and delivered.
COMPANY |
| EMPLOYEE |
|
|
|
/s/ Brett R. Whitmire |
| /s/ Dr. Keh-Shew Lu |
Chief Financial Officer |
| Dr. Keh-Shew Lu |
Diodes Incorporated |
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