DIODES INC Reports Officer Compensation Changes on Jan 16

TL;DR

**DIOD filed an 8-K on Jan 17 about officer compensation changes on Jan 16.**

AI Summary

DIODES INC /DEL/ filed an 8-K on January 17, 2024, reporting an event that occurred on January 16, 2024, related to changes in compensatory arrangements for certain officers. This filing indicates potential adjustments to executive pay structures, which could impact the company's operational costs and executive incentives. For investors, understanding these changes is crucial as they can influence management's motivation and the company's financial health, potentially affecting stock performance.

Why It Matters

Changes in executive compensation can signal shifts in company strategy or financial performance, directly impacting shareholder value and management's alignment with investor interests.

Risk Assessment

Risk Level: low — This filing is routine for reporting changes in officer compensation and does not inherently indicate a high-risk event without further details on the specific changes.

Analyst Insight

Investors should monitor subsequent filings or company announcements for specific details regarding the changes in compensatory arrangements, as these details will determine the actual impact on the company and its stock.

Key Players & Entities

• DIODES INC /DEL/ (company) — the registrant filing the 8-K
• January 16, 2024 (date) — date of earliest event reported
• January 17, 2024 (date) — date the 8-K was filed
• 002-25577 (other) — Commission File Number
• 95-2039518 (other) — IRS Employer Identification No.
• Plano, Texas (other) — company's principal executive offices location
• 972-987-3900 (other) — company's telephone number

FAQ

Key Financial Figures

• $0.66 — ch registered Common Stock, Par Value $0.66 2/3 DIOD The Nasdaq Stock Market LL

Filing Documents

• diod-20240116.htm (8-K) — 39KB
• 0000950170-24-005023.txt ( ) — 146KB
• diod-20240116.xsd (EX-101.SCH) — 23KB
• diod-20240116_htm.xml (XML) — 4KB

02

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) On January 16, 2024, the Board of Directors (the “Board”) of Diodes Incorporated (the “Company”) filled an existing Board vacancy by electing Gary Yu as a member of the Board. Following Mr. Yu’s appointment, the Board will be comprised of eight directors. Mr. Yu is not being assigned to any committees of the Board unless and until he is elected to the Board at the Company’s shareholder meeting, currently scheduled to be held in May 2024. Mr. Yu is the Company’s President and has served in that role since December 26, 2023. Prior to being appointed President Mr. Yu was the Company's COO since February 9, 2023. Prior to becoming COO, Mr. Yu served as Senior Vice President with responsibility for Business Groups and the integration of Lite-On Semiconductor Corporation. Prior roles in the Company included President, Asia Pacific Region; General Manager of the Company’s Shanghai wafer fabrication operation and the Company's BCD business unit; Vice President of Asia Pacific Sales; and manager of the Company’s sensor and satellite business unit. Prior to joining the Company, Mr. Yu spent over ten years at Lite-On Semiconductor Corporation as Vice President, Worldwide Sales and at Texas Instruments in IT, finance and capacity planning positions. Mr. Yu holds a bachelor’s degree in MIS from Fu-Jen University, Taiwan, a master’s degree in Telecommunication Engineering from Southern Methodist University, and an MBA from the University of Dallas. Mr. Yu is married to the niece of Dr. Keh-Shew Lu, the Company's Chairman and Chief Executive Officer. Details of Mr. Yu’s compensation are provided in the Summary Compensation Table of the Company’s proxy statement filed with the United States Securities and Exchange Commission

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. DIODES INCORPORATED Date: January 17, 2024 By: /s/Brett R. Whitmire Brett R. Whitmire Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR