Unassociated Document
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date
of
Report (Date of earliest event reported): January 11, 2007
DIODES
INCORPORATED
(Exact
name of registrant as specified in its charter)
Delaware
(State
or other jurisdiction
of
incorporation or organization)
|
1-5740
(Commission
File Number)
|
95-2039518
(I.R.S.
Employer Identification No.)
|
|
|
3050
East Hillcrest Drive
Westlake
Village, California
(Address
of principal executive offices)
|
91362
(Zip
Code)
|
(805)
446-4800
(Registrant's
telephone number, including area code)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o |
Written communications pursuant to Rule
425
under the Securities Act (17 CFR 230.425) |
|
|
o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
|
o |
Pre-commencement communications pursuant
to
Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
o |
Pre-commencement communications pursuant
to
Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item
5.02. Departure
of Directors or Principal Officers; Appointment of Principal Officers;
Compensatory Arrangements of Certain Officers.
Executive
Bonuses
Pursuant
to the 2001 Omnibus Equity Incentive Plan, certain executive officers may earn
a
cash bonus if this Company meets the performance criteria set by the
Compensation Committee of the Board of Directors (the “Committee”) at the
beginning of the year. For each of fiscal 2006 and 2007, the aggregate amount
of
the executive bonus pool depends upon the amount by which (i) the Company’s
revenue growth exceeds that of the Company’s industry and (ii) the Company’s net
income exceeds that of the prior year. After the end of the fiscal year, the
Committee allocates the bonus pool among the executive officers in proportion
to
the contribution made by each officer to the achievement of the performance
criteria.
The
Committee has awarded the following bonuses to executive officers for services
rendered in fiscal 2006:
Name
|
|
Amount
|
|
|
|
|
|
|
Keh-Shew
Lu - President and CEO
|
|
$
|
827,000
|
|
|
|
|
|
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Joseph
Liu - SVP, Operations
|
|
|
416,000
|
|
|
|
|
|
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Mark
King - SVP, Sales and Marketing
|
|
|
387,000
|
|
|
|
|
|
|
Carl
Wertz - CFO, Secretary & Treasurer
|
|
|
283,000
|
|
|
|
|
|
|
Steven
Ho - VP, Asia Sales
|
|
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230,000
|
|
In
addition, the Committee has awarded discretionary bonuses for services rendered
in 2006 to the following executive officers who were employed by the Company
after the performance criteria for 2006 were established:
Name
|
|
Amount
|
|
|
|
|
|
Francis
Tang - VP, Product Development
|
|
$
|
270,000
|
|
|
|
|
|
|
Rick
White - SVP, Finance
|
|
|
140,000
|
|
|
|
|
|
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Ed
Tang - VP, Corporate Administration
|
|
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75,000
|
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant
has
duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
|
DIODES
INCORPORATED
|
|
|
Date: March
16, 2007
|
By
/s/ Carl C. Wertz
|
|
Carl
C. Wertz,
Chief
Financial Officer
|