(e) Compensatory Arrangements of Certain Officers.
On April 11, 2008, the Compensation Committee of Techwell, Inc. (the “Company”) approved the Company’s executive officers’ compensation arrangements for 2008 as described below.
The annual base salary of Mr. Fumihiro Kozato will be $230,000. Mr. Kozato will be eligible to earn a cash bonus award of $57,500, based upon achievement of specified revenue and non-GAAP operating income targets. For achievement beyond these targets, Mr. Kozato will be eligible to earn an additional cash bonus of $57,500.
The annual base salary of Dr. Feng Kuo will be $230,000. Dr. Kuo will be eligible to earn a cash bonus award of up to $83,950, based upon achievement of specified financial performance targets and product development goals. For achievement beyond the specified financial targets and product development goals, Dr. Kuo will be eligible to earn an additional cash bonus of $47,150.
The annual base salary of Mr. Mark Voll will be $230,000. Mr. Voll will be eligible to earn a cash bonus award of up to $57,500, based upon achievement of specified revenue and non-GAAP operating income targets. For achievement beyond these targets, Mr. Voll will be eligible to earn an additional cash bonus of $57,500.
The annual base salary of Mr. Dong Wook (David) Nam will be $168,000. Mr. Nam will be eligible to earn a cash bonus award of up to $42,000, based upon achievement of specified revenue and non-GAAP operating income targets. For achievement beyond these targets, Mr. Nam will be eligible to earn an additional cash bonus of $42,000.
SIGNATURE
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 hereunto duly authorized.
Dated: April 14, 2008
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TECHWELL, INC. |
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By: |
/s/ Mark Voll |
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Mark Voll |
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Vice
President of Finance and |
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