KULICKE & SOFFA Files Supplemental Proxy Materials

TL;DR

KULICKE & SOFFA just dropped *additional proxy docs* for their shareholder meeting, likely clarifying previous info.

AI Summary

KULICKE & SOFFA INDUSTRIES INC filed a DEFA14A on February 28, 2024, as definitive additional materials to a proxy statement. This filing, with accession number 0000056978-24-000038, provides supplemental information related to a previously issued proxy. The company, a manufacturer of semiconductors and related devices, is headquartered in Singapore.

Why It Matters

Supplemental proxy materials ensure shareholders receive all necessary information to make informed decisions before voting on proposals at an upcoming meeting. This filing promotes transparency and good corporate governance.

Risk Assessment

Risk Level: low — This DEFA14A filing is for definitive additional proxy materials, which are typically administrative and provide supplemental information rather than announcing new, high-risk corporate actions.

Key Players & Entities

• KULICKE & SOFFA INDUSTRIES INC (company) — Filer
• Singapore (company) — Business Location

FAQ

Key Financial Figures

• $111.2 million — 023, the Company returned approximately $111.2 million to its shareholders through its consist
• $40,000 — LLC as its proxy solicitor for a fee of $40,000, in addition to certain other costs and

Filing Documents

• a2023def14asupplemental.htm (DEFA14A) — 34KB
• 0000056978-24-000038.txt ( ) — 35KB

From the Filing

Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 __________________________ SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) __________________________ Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 KULICKE AND SOFFA INDUSTRIES, INC. (Name of Registrant as Specified In Its Charter) __________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box) No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies _____________________________________________________________________________ (2) Aggregate number of securities to which transaction applies _____________________________________________________________________________ (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined) _____________________________________________________________________________ (4) Proposed maximum aggregate value of transaction _____________________________________________________________________________ (5) Total fee paid _____________________________________________________________________________ Fee paid previously with preliminary materials Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid _____________________________________________________________________________ (2) Form, Schedule or Registration Statement No. _____________________________________________________________________________ (3) Filing Party _____________________________________________________________________________ (4) Date Filed _____________________________________________________________________________ February 28, 2024 Dear Shareholder, I am the Chair of the Board of Directors (the Board ) of Kulicke and Soffa Industries, Inc. (the Company ) and I am writing to you as you consider your vote at our upcoming annual meeting on March 13, 2024. We are pleased that Institutional Shareholder Services (" ISS ") and Glass Lewis Co. (" Glass Lewis ") recommended a vote FOR in favor of the majority of our proposals. With respect to the re-election of Mr. David Jeffrey Richardson and Ms. Mui Sung Yeo to serve as members of our Board, while Glass Lewis recommended voting FOR Mr. Richardson and Ms. Yeo, ISS did not recommend voting for Mr. Richardson and Ms. Yeo, in each case because of the recent amendments to our bylaws to include an exclusive forum provision. We strongly believe that despite the recommendation of ISS, Mr. Richardson and Ms. Yeo deserve your vote for the following reasons In October 2023, we amended our bylaws to include an exclusive forum provision. This provision, which is consistent with those adopted by many public companies, provides that certain types of derivative and similar litigation be brought in specific forums. We believe that a narrowly tailored exclusive forum provision of the type that our Board adopted will prevent plaintiffs from forum shopping and attempting to litigate in multiple forums, thereby reducing the costs to us of such actions and bringing more certainty to their resolution. These types of activities by plaintiffs are increasingly common, and they are ultimately value destructive. We are a Pennsylvania company and have principal executive offices in Pennsylvania and in Singapore. The forum that we selected (being the Commonwealth of Pennsylvania in and for Philadelphia County) is located near our principal operations in the United States, and the Court of Common Pleas maintains a commerce court forum for dispute of governance claims. Accordingly, choosing this court is logical and efficient to our operations and does not unduly deny shareholders access to appropriate legal process. Additionally, we have not heard of concerns or questions from shareholders whom we have engaged since October 2023 when our bylaws were last amended. We are a strong Board with an effective mix of experience, expertise and diverse perspective with strong corporate governance practices providing effective oversight of management to the Company. Our Board has consistently received strong

View Full Filing

View this DEFA14A filing on SEC EDGAR