KULICKE & SOFFA INDUSTRIES INC 8K

Kulicke and Soffa Industries, Inc. entered into an offer letter appointing Rajendra Talluri as its Chief Executive Officer, President, and a Board member, with specified compensation, equity grants, relocation benefits, and severance/change-in-control protections.

Kulicke and Soffa Industries, Inc., through its Singapore subsidiary Kulicke & Soffa Pte. Ltd., entered into an employment offer letter dated August 12, 2026 with Rajendra (Raj) Talluri under which he will serve as Chief Executive Officer and President of Kulicke and Soffa Industries, Inc. and be appointed to its Board of Directors effective August 17, 2026, with his employment to commence on or about September 1, 2026, subject to immigration and other conditions. The agreement specifies a base salary of $750,000, an annual bonus opportunity targeted at 110% of base salary, a new-hire equity grant with a target value of $14 million split equally between RSUs and PSUs, and an initial target annual equity award of $6 million, along with housing, relocation, and other benefits in connection with his relocation to Singapore. The letter also details severance protections both outside and following a change in control, equity vesting treatment upon certain terminations, stock ownership guidelines requiring ownership of three times annual base salary within five years, and standard at‑will employment, cooperation, tax, Section 409A, and dispute resolution provisions.

Filing Facts

CIK

56978

Ticker

-

Form

8K

Source Type

sec

Accession

0000056978-26-000034

Alert Tier

8