K&S - Kulicke and Soffa Industries Inc.
10/14/2026 | Press release | Distributed by Public on 10/14/2026 07:15
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Principal Officers.
On October 13, 2026, the Management Development and Compensation Committee of the Board of Directors (the "MDCC") of Kulicke and Soffa Industries, Inc. (the "Company") approved and adopted an amended and restated Incentive Compensation Plan (the "Plan"), effective for the Company's 2027 fiscal year. The amendments revise, amongst others, the corporate performance measures used to determine awards under the Plan.
The Plan replaces the prior corporate performance measures of Net Income and Operating Margin, each of which was weighted 50% of the overall corporate financial performance measure, with Operating Profit and Gross Margin, each weighted 50% of the overall corporate performance measure. Separately, the Plan provides flexibility for business unit scorecards to be tailored based on each business unit's growth phase, strategic priorities and business circumstances, including through the selection and relative weighting of financial performance measures, and shall at all times be in conformance with the Company's business unit scorecard governance process.
The Plan also introduces an individual goal component for members of the Company's Executive Leadership Team ("ELT"), whose awards were previously based solely on corporate performance. The individual goals are intended to be aligned with the Company's strategic objectives and to reflect measurable business or financial outcomes. For the Company's 2027 fiscal year, ELT awards will be based 85% on corporate financial performance and 15% on the individual goal component.
The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the Plan document attached to this Current Report on Form 8-K as Exhibit 10.1, which is incorporated herein by reference.
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