SemiLEDs Corp Executive Compensation Filing

TL;DR

SemiLEDs DEF 14A out: exec comp details, equity awards focus.

AI Summary

SemiLEDs Corp filed a DEF 14A on July 15, 2024, detailing executive compensation for the fiscal year ending August 31, 2023. The filing includes information on equity awards granted and outstanding, with a focus on changes in fair value and vesting dates for these awards. Specific dollar amounts for these awards are not detailed in the provided text, but the structure indicates a focus on long-term incentives for named executives.

Why It Matters

This filing provides insight into how SemiLEDs Corp compensates its top executives, which can influence company strategy and shareholder value.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of executive compensation and does not present immediate financial risks.

Key Numbers

• 2023-08-31 — Fiscal Year End (Reporting period for executive compensation)
• 2024-07-15 — Filing Date (Date the DEF 14A was submitted)

Key Players & Entities

• SemiLEDs Corp (company) — Filer of the DEF 14A
• 0000950170-24-083495 (filing_id) — Accession number for the filing
• 20240715 (date) — Filing date
• 0831 (fiscal_year_end) — Fiscal year end for compensation reporting

FAQ

Key Financial Figures

• $120,000 — pensation from the company in excess of $120,000 during any period of 12 consecutive mon
• $200,000 — olidated gross revenue for that year or $200,000, whi

Filing Documents

• leds-20240715.htm (DEF 14A) — 718KB
• img203669456_0.jpg (GRAPHIC) — 5KB
• img203669456_1.jpg (GRAPHIC) — 59KB
• img203669456_2.jpg (GRAPHIC) — 54KB
• img203669456_3.jpg (GRAPHIC) — 61KB
• img203669456_4.jpg (GRAPHIC) — 68KB
• 0000950170-24-083495.txt ( ) — 1970KB
• leds-20240715.xsd (EX-101.SCH) — 8KB
• leds-20240715_htm.xml (XML) — 220KB

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A 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 SEMILEDS CORPORATION (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 paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. SemiLEDs Corporation 3F, No. 11 Ke Jung Rd., Chu-Nan Site Hsinchu Science Park, Chu-Nan 350 Miao-Li County, Taiwan, R.O.C. +886-37-586788 July 15, 2024 Dear Stockholder: I am pleased to invite you to attend the 2024 Annual Meeting of Stockholders of SemiLEDs Corporation. The meeting will be held on Friday, August 30, 2024 at 9 a.m. local time at SemiLEDs office, which is located at 3 rd floor – No. 11 Ke Jung Road, Chu-Nan Site, Hsinchu Science Park, Miao-Li County, Taiwan. We are furnishing our proxy materials to stockholders primarily over the Internet. This process expedites stockholders' receipt of proxy materials, while significantly lowering the costs of our annual meeting and conserving natural resources. On July 15, 2024, we commence mailing to our stockholders a notice containing instructions on how to access our Proxy Statement and 2023 Annual Report to Stockholders and to vote online. The notice also included instructions on how you can receive a paper copy of your annual meeting materials. If you received your annual meeting materials by mail, the Proxy Statement, 2023 Annual Report to Stockholders and proxy card were enclosed. At this year's annual meeting, the agenda includes the following items: Agenda Item Board Recommendation Election of directors FOR Ratification of the appointment of KCCW Accountancy Corp as our independent registered public accounting firm for fiscal year 2024 FOR Advisory vote on executive compensation FOR Advisory vote on the frequency of holding future advisory votes on executive compensation FOR EVERY 3 YEARS Approve the amendment of the restated certificate of incorporation to increase the number of authorized shares of common stock from 7,500,000 to 15,000,000 FOR Approval of the issuance of shares of our common stock to repay a Loan Agreement with Mr. Trung Doan FOR Approve the amendment of the restated certificate of incorporation to include an officer exculpation provision FOR Details regarding the meeting and the business to be conducted are more fully described in the accompanying Notice of 2024 Annual Meeting of Stockholders and Proxy Statement. Your vote is important. Whether or not you plan to attend the annual meeting, I hope you will vote as soon as possible. You may vote over the Internet or in person at the annual meeting or, if you receive your proxy materials by U.S. mail, you also may vote by mailing a proxy card or voting by telephone. Please review the instructions on the notice or on the proxy card regarding your voting options. Only stockholders showing proof of ownership on the record date will be allowed to attend the meeting in person. Sincerely yours, Trung T. Doan Chairman of the Board and President and Chief Executive Officer SemiLEDs Corporation 3F, No. 11 Ke Jung Rd., Chu-Nan Site Hsinchu Science Park, Chu-Nan 350 Miao-Li County, Taiwan, R.O.C. +886-37-586788 NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS TIME AND DATE 9 a.m. local time on Friday, August 30, 2024 PLACE SemiLEDs 3 rd floor – No. 11 Ke Jung Road, Chu-Nan Site, Hsinchu Science Park, Miao-Li County, Taiwan AGENDA Elect the five director nominees named in the Proxy Statement Ratify the appointment of KCCW Accountancy Corp as our independent registered public accounting firm for fiscal year 2024 Hold an advisory vote on executive compensation Hold an advisory vote on the frequency of holding future advisory votes on executive compensation Approve the amendment of the restated certificate of incorporation to increase the number of authorized shares of common stock from 7,500,000 to 15,000,000 Approve, for purposes of complying with applicable Nasdaq rules, the issuance of shares of our common stock to repay a Loan Agreement with Mr. Trung Doan Approve the amendment of the restated certificate of incorporation to include an officer exculpation provision Transact such other business as may properly come before the annual meeting (including adjournments and postponements) RECORD DATE July 2, 2024 VOTING Please vote as soon

View Full Filing

View this DEF 14A filing on SEC EDGAR