Current Report · Items 5.02 · 8-K
GCT Semiconductor Holding, Inc.
GCTSNYSEEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Executive Incentive Bonus Plan On September 10, 2026, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of GCT Semiconductor Holding, Inc.…
Filed Sep 15, 2026Accepted Sep 15, 2026, 4:24 PM EDTCIK 1851961Accession 0000929638-26-003539
Company context
GCT Semiconductor is a leading fabless designer and supplier of advanced 5G and 4G LTE semiconductor solutions. GCT’s market-proven solutions have enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications, smartphones, etc., for the world’s top wireless carriers. GCT’s system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness. For more information, visit www.gctsemi.com.
Current securities
Historical securities (3)
Disclosure sections
Items 5.02Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Executive Incentive Bonus Plan
On September 10, 2026, the Compensation
Committee of the Board of Directors (the “Compensation Committee”) of GCT Semiconductor Holding, Inc. (the “Company”) approved an incentive bonus plan for the second half of the 2026 calendar year (the “Plan”), pursuant to which each of the
Company’s executive officers will be eligible to receive a cash bonus based on the achievement of specified Company and individual performance goals. The amount of each bonus will be determined based on the Company’s achievement of specified
2026 revenue targets (“Revenue Target”) and the executive officer’s achievement of individual performance goals (“KPI Goals”), and the calculation of actual bonus amount will be based on a specified weighting between Revenue Target and KPI
Goals.
The target bonus payable to each executive officer of the Company (assuming 100% payout) is as follows:
Name Title Target Bonus
(% of base salary for the second half of 2026)
(at 100% performance)
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
John Schlaefer Chief Executive Officer 25%
Edmond Cheng Chief Financial Officer and Corporate Secretary 25%
Alex Sum Senior Vice President of Sales & Marketing 25%
Jeongmin Kim Vice President of Engineering and Chief Technology Officer 25%
The description of the Plan above is only a
summary and qualified in its entirety by the Plan, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ending September 30, 2026 to be filed with the Securities and Exchange
Commission.
CFO Compensation
Additionally, on September 10, 2026, the Compensation Committee approved an increase to the annual base salary of
Edmond Cheng, the Company’s Chief Financial Officer, from $304,500 to $330,383, effective October 1, 2026.