DIODES INC DEL
For the period ended May 12, 2025. Filed Apr 2, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 12, 2025 · Filed Apr 2, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant Filed by a Party other than the Registrant
Check the appropriate box:
| | Preliminary Proxy Statement |
|---|---|
| | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| | Definitive Proxy Statement |
| | Definitive Additional Materials |
| | Soliciting Material under § 240.14a-12 |
(Name of Registrant as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all appropriate boxes that apply):
| | No fee required |
|---|---|
| | Fee paid previously with preliminary materials |
| | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 |
Notice of Annual Meeting of Stockholders
To Be Held May 12, 2025
Notice is hereby given that the annual meeting (the “Meeting”) of the stockholders of Diodes Incorporated (the “Company”) will be held online via live audio webcast at www.proxydocs.com/DIOD on Monday, May 12, 2025, at 6:30 p.m. (Central Time). The Meeting will be conducted completely virtually, via a live audio webcast; there will be no physical meeting location. Even though our Meeting is being held virtually, stockholders will still have the ability to participate in and hear others during the Meeting. Questions should be submitted when registering to attend the Meeting. The Meeting is being held for the following purposes:
Election of Directors. To elect seven persons to the Board of Directors of the Company, each to serve until the next annual meeting of stockholders and until their respective successors have been elected and qualified. The Board of Directors’ nominees are: Elizabeth Bull, Angie Chen Button, Warren Chen, Robert E. Feiger, Keh-Shew Lu, Huey-Jen (Jenny) Su, and Gary Yu.
Approval of Executive Compensation. To approve, on an advisory basis, the Company’s executive compensation.
Ratification of Appointment of Independent Registered Public Accounting Firm. To ratify the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.
Other Business. To transact such other business as properly may come before the Meeting or any adjournment or postponement thereof.
It is possible that an adjournment or postponement may be necessary that makes us unable to hold the Meeting on the date as planned. If such an adjournment or postponement is made, the Company will notify stockholders through the issuance of a press release and the filing of definitive additional soliciting material with the Securities and Exchange Commission.
Only persons who were stockholders of record at the close of business on March 20, 2025 are entitled to notice of and to vote either by proxy or at the Meeting or any adjournment or postponement thereof.
The proxy statement, which accompanies this Notice, contains additional information regarding the proposals to be considered at the Meeting, and stockholders are encouraged to read it in its entirety.
The Company has elected to provide access to our proxy materials by notifying you of the availability of our proxy statement and our fiscal 2024 Annual Report to Stockholders over the Internet at www.proxydocs.com/DIOD. Stockholders may also obtain a printed copy of the proxy materials free of charge by following the instructions provided in the Notice of Internet Availability of Proxy Materials that will be first mailed to stockholders on or about April 2, 2025 or in the enclosed proxy statement.
As set forth in the enclosed proxy statement, proxies are being solicited by and on behalf of the Board of Directors of the Company. All proposals set forth above are proposals of the Board of Directors.
Whether or not you plan to participate in the virtual Meeting, YOUR VOTE IS IMPORTANT. Please follow the instructions enclosed to ensure that your shares are voted. If you participate in the Meeting, you may revoke your proxy at any time prior to its exercise at the Meeting.
Dated at Plano, Texas, this 2 nd day of April, 2025.
By Order of the Board of Directors,
Richard D. White,
Secretary
IF YOU PLAN TO ATTEND THE MEETING
If you plan to attend the Meeting online you must be registered no later than 5:00 p.m. Central Time on May 11, 2025. To register go towww.proxydocs.com/DIOD. Upon completing your registration, you will receive further instructions via email, including your unique links that will allow you access to the Meeting and will also permit you to submit questions in advance of the Meeting. Please be sure to follow instructions found on your proxy card and subsequent instructions that will be delivered to you via email. You will be able to listen, vote, and submit questions from any remote location that has Internet connectivity. Technical assistance is available as part of the instructions.
TABLE OF CONTENTS
| Page | |
|---|---|
| General Information | 1 |
| Matters to be Considered at the Meeting | 1 |
| Voting Recommendations of the Board | 1 |
| Voting Shares Held in “Street Name” | 1 |
| Internet Access to Proxy Materials | 1 |
| How to Vote | 2 |
| How to Change or Revoke Your Vote | 3 |
| Meeting Admission | 3 |
| Voting Rights | 3 |
| Procedures for Stockholder Nominations and Proposals | 5 |
| Cost of Proxy Solicitation | 5 |
| Other Business | 5 |
| Security Ownership of Certain Beneficial Owners and Management | 6 |
| Proposal One – Election of Directors | 9 |
| Corporate Governance | 13 |
| Committees of the Board | 13 |
| Meetings of the Board and Committees | 14 |
| Board Leadership Structure | 14 |
| Nominating Procedures and Criteria and Board Diversity | 15 |
| Director Resignation Policy | 16 |
| Communications with Directors | 16 |
| Compensation of Directors | 17 |
| Compensation Committee Interlocks and Insider Participation | 18 |
| Corporate Policies | 18 |
| Corporate Sustainability | 20 |
| Executive Officers of the Company | 22 |
| Report of the Audit Committee | 23 |
| Code of Ethics | 25 |
| Certain Relationships and Related Person Transactions | 25 |
| Delinquent Section 16(a) Reports | 26 |
| Stockholders sharing the same last name and address | 26 |
| Proposal Two - Approval of Executive Compensation | 28 |
| Compensation Discussion and Analysis | 29 |
| Introduction | 29 |
| Executive Summary | 29 |
| Overview of Compensation Program | 31 |
| Pay for Performance | 33 |
| Principal Components of Compensation | 35 |
| Compensation Review Process | 42 |
| Additional Benefits and Perquisites | 44 |
| Best Practices | 44 |
| Compensation Risk Assessment | 45 |
| Post-Termination and Change-In-Control Payments | 45 |
| Tax and Accounting Considerations | 46 |
| Report of the Compensation Committee on Executive Compensation | 47 |
| Executive Compensation | 48 |
| Summary Compensation Table | 48 |
| Grants of Plan-Based Awards | 50 |
| CEO Pay Ratio | 50 |
| Narrative to Summary Compensation Table and Grants of Plan-Based Awards Table | 51 |
| Outstanding Equity Awards at Fiscal Year-End | 54 |
| Option Exercises and Stock Vested | 55 |
| Equity Compensation Plan Information | 55 |
| Nonqualified Deferred Compensation | 56 |
| Potential Payments Upon Termination or Change in Control | 56 |
| Proposal Three - Ratification of the Appointment of Independent Registered Public Accounting Firm | 64 |
| Audit Fees, Audit-Related Fees, Tax Fees, and All Other Fees | 64 |
| Proposals of Stockholders and Stockholder Nominations for 2025 Annual Meeting | 66 |
| Meeting Location | Back Cover |
4949 Hedgcoxe Road, Suite 200
Plano, Texas 75024
(972) 987-3900
PROXY STATEMENT
ANNUAL MEETING: May 12, 2025
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.