How Chen was paid
$7.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Fusen ChenPresident and CEO | $900,000 | $5,738,659 | $431,784 | $44,084 | $7,114,527 |
| Lester WongExecutive Vice President, Chief Financial Officer | $471,748 | $1,155,764 | $141,454 | $74,080 | $1,843,046 |
| Chan Pin ChongExecutive Vice President & GM, K&S Products & Solutions | $471,094 | $809,797 | $131,840 | $12,501 | $1,425,232 |
| Robert ChylakSenior Vice President & CTO, Central Engineering | $398,046 | $755,227 | $95,917 | $19,902 | $1,269,092 |
| Nelson WongSenior Vice President, Global Sales & Supply Chain | $470,489 | $809,797 | $131,671 | $8,800 | $1,420,757 |
What changed and why
- $7.1MCEO Fusen Chen received total compensation of $7,114,527 in fiscal 2025, reflecting a decrease from the prior year total of $7,367,854.
- Cash incentive compensation under the ICP was determined based on Net Income and Operating Margin performance targets.
- Relative Total Shareholder Return (rTSR) was used as the sole performance metric for performance-based equity awards (PSUs).
- During fiscal 2025, Dr. Chen announced his retirement from his position as President, Chief Executive Officer and Director effective December 1, 2025.
- Lester Wong was appointed as Interim CEO effective October 28, 2025, in addition to his ongoing roles as Executive Vice President and Chief Financial Officer.
- 98.21%Shareholders demonstrated strong support for executive compensation, approving the say-on-pay proposal by 98.21% at the 2025 annual meeting.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.