NEOPHOTONICS CORPORATION (NYSE:NPTN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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NEOPHOTONICS CORPORATION (NYSE:NPTN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

2017 Base Salary Adjustment and Target Bonus Opportunities for Certain Executive Officers

On July31, 2017, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of NeoPhotonics Corporation (the “Company”) approved updated target bonus opportunities for 2017 for three of the Company’s “named executive officers” in the amounts set forth below.

NamedExecutiveOfficer

2017Target Bonus

Percentage

(1)

Dr.Raymond Cheung, Senior Vice President and Chief Operating Officer

%

Dr.Wupen Yuen, Senior Vice President and General Manager

%

Benjamin L. Sitler, Senior Vice President of Global Sales

%

(1) Target bonuses percentages are expressed as a percentage of 2017 base salary.

Each target bonus opportunity was established in connection with the Company’s 2017 performance bonus program, as previously disclosed in the Company’s Current Report on Form8-K filed with the U.S. Securities and Exchange Commission on May8, 2017. It is expected that, in the first quarter of 2018, the Compensation Committee will review the Company’s fiscal year 2017 corporate performance, as well as applicable individual performance, to determine any actual bonus awards.

On July31, 2017, the Compensation Committee also approved an increase in the base salary for Dr.Wupen Yuen, the Company’s Senior Vice President and General Manager, to $335,000, effective as of July1, 2017.


About NEOPHOTONICS CORPORATION (NYSE:NPTN)

NeoPhotonics Corporation develops, manufactures and markets optoelectronic products that transmit, receive and switch digital optical signals for communications networks. The Company develops and manufactures Transmitter Products, Receiver Products and Switch Products that are used in ultra-high speed digital optical communications, high speed switching and provisioning, and access connections for wireless and fiber-to-the-home communications networks. Its products are categorized into groups, including High Speed Products and Network Products and Solutions. High Speed Products include products designed for 100G and beyond for telecom and datacenter or content provider networks and applications. Its Network Products and Solutions consist of various products designed for applications below 100G, and include 40G products. It combines its transmitter and receiver products into Transceiver modules.