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Quotes & Info
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| AATI > SEC Filings for AATI > Form 8-K on 31-Jul-2009 | All Recent SEC Filings |
31-Jul-2009
Change in Directors or Principal Officers
(e)
Approval of Modification to Targeted Annual Cash Bonus Methodology
On July 21, 2009 the board of directors (the "Board") of Advanced Analogic Technologies Incorporated (the "Company"), acting upon the recommendation of the compensation committee of the Board, approved a modification to the methodology for the payment of discretionary targeted annual cash bonuses for the Company's executive officers with respect to services performed in fiscal year 2009. The modified payout methodology contemplates the payment of a percentage of the executive officer's annual base salary based upon the achievement of specified Company revenue targets. The Board also approved a modification to the payment schedule for such discretionary cash bonuses to the executive officers such that approximately 50% of the bonus earned, if any, would be payable in the third quarter of 2009, based upon Company revenue targets achieved through the second quarter of 2009, and the remainder of the cash bonus earned, if any, would be payable in the first quarter of 2010.
Approval of First Installment of Cash Bonuses
On July 21, 2009, the Board approved the following bonuses for named executive
officers based upon the achievement of specified revenue targets in the first
half of fiscal year 2009, which bonuses will be paid in the third quarter of
2009:
First 2009 Bonus
Named Executive Officer Amount
Richard K. Williams
President, Chief Executive Officer and Chief Technical
Officer $ 49,000
Brian R. McDonald
Chief Financial Officer, Vice President of Worldwide Finance
and Secretary $ 33,000
Jun-Wei Chen
Vice President of Technology $ 17,000
Kevin D'Angelo
Vice President of Advanced Products and Fellow $ 20,000
Allen Lam
Vice President of Worldwide Operations $ 20,000
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