Form 8-K AQUANTIA CORP For: Apr 25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 25, 2018
AQUANTIA CORP.
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
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001-38270 |
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20-1199709 |
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(State or Other Jurisdiction of Incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
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105 E. Tasman Drive San Jose, California |
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95134 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
(408) 228-8300
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e)
On April 25, 2018, our Board of Directors approved 2018 Executive Bonus Plan. The 2018 corporate goals consist of financial goals, including sales revenue (weighted at 40%), non-GAAP operating income target (weighted at 40%) and successful completion of management objectives (for the remainder 20%). Attainment for the revenue and operating income targets below set thresholds for these financial components would result in no cash incentive and attainment above 100% is capped at 300%.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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AQUANTIA CORP. |
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Date: June 5, 2018 |
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By: |
/s/ Mark Voll |
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Mark Voll |
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Chief Financial Officer |