Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(e)

On February 8, 2013, the Compensation Committee of the Board of Directors of QuickLogic Corporation (the "Company") established the target bonuses and performance objectives under the Company's 2005 Executive Bonus Plan (the "Plan") for 2013. The Plan, as amended, was filed in a current report on Form 8-K filed with the Securities and Exchange Commission on April 28, 2008. Bonus compensation for 2013 is dependent upon the Company's achievement of (a) annual new product revenue growth and (b) annual roadmap milestone objectives as set forth in the Company's Annual Operating Plan ("AOP"). Bonuses are accrued quarterly and paid annually during the first quarter of the following fiscal year. Eighty percent of the annual new product revenue goal must be achieved before any bonus is earned. Annual new product revenue in excess of 100% of the objective earns a bonus multiplier of 1.5 and is not capped. Annual roadmap milestone objectives are categorized into two elements. The roadmap objective for the first element must be achieved before a bonus is earned and two-thirds of the milestone objectives for the second element must be achieved before a bonus is earned. Achievement in excess of 100% of the second element earns a bonus multiplier of 1.5 and is not capped. The Chief Executive Officer's target bonus for 2013 is currently 50% of his annual base salary and each of the other participants has a target bonus for 2013 currently equal to 35% to 50% of his/her annual base salary.

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