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OMNIVISION TECHNOLOGIES : Change in Directors or Principal Officers (form 8-K)

08/27/2015 | 05:23pm US/Eastern

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e)      Profit Sharing/Bonus Plan

On August 24, 2015, the compensation committee (the "Committee") of the board of directors of OmniVision Technologies, Inc. (the "Company") approved profit sharing payments under the Company's Executive Officer Profit Sharing/Bonus Plan (the "Plan") for the first quarter of fiscal 2016 that ended on July 31, 2015. The profit sharing payments are consistent with the terms of the Plan and will be paid to certain of the Company's executive officers. The following is a list of the "named executive officers" (as such term is defined by the rules of the Securities and Exchange Commission) that will be receiving a profit sharing payment under the Plan:

Name of Officer   Profit Sharing Amount
Shaw Hong         $               66,000
Anson Chan        $               20,000
Y. Vicky Chou     $               58,000
John Li           $               59,000
Henry Yang        $               62,000



© Edgar Online, source Glimpses

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