The company said it appointed James R. Anderson as CEO on June 3, 2024, effective the same day, replacing Dr. Mattera, and that Anderson was also elected as a Class One director.

1. 01

   The company said it appointed James R. Anderson as CEO on June 3, 2024, effective the same day, replacing Dr. Mattera, and that Anderson was also elected as a Class One director.

2. 02

   The company said Anderson's annual base salary under the Offer Letter is $1,060,000, and that starting in fiscal 2025 his target annual bonus is 150% of base salary, with a cash sign-on bonus of $500,000 paid in a lump sum.

3. 03

   The company said it will grant inducement equity awards totaling $48,000,000, of which $8,400,000 will be RSUs and $39,600,000 will be PSUs. It said $36,000,000 of this is sign-on awards that partly reflect equity awards Anderson will forfeit at Lattice.

4. 04

   The company said the target payout for the PSUs (100%) is set at rTSR performance at the 55th percentile, and the maximum payout of 250% is set at the 75th percentile or better. Under the Offer Letter, severance for a termination without cause is 2x during a Non-CIC Period and 3x during a CIC Period.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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