Corporate GovernanceJun 2, 2026, 04:13 PM
AMERICAN SUPERCONDUCTOR Approves Fiscal 2026 Executive Incentive Plan
AI Summary
AMERICAN SUPERCONDUCTOR CORP /DE/ announced the approval of its Fiscal 2026 Executive Incentive Plan by the Compensation Committee and Board of Directors on June 1, 2026. The plan covers the CEO and other executive officers, with target cash incentives expressed as a percentage of their annual base salary. Payouts, capped at 200% of the target, will be determined by the company's non-GAAP net income (50%), revenues (25%), and operating expenses (25%) against established targets for fiscal year ending March 31, 2027.
Key Highlights
- AMERICAN SUPERCONDUCTOR's Board approved the Fiscal 2026 Executive Incentive Plan on June 1, 2026.
- The plan includes the CEO and all other current executive officers.
- Incentive awards are based on non-GAAP net income (50%), revenues (25%), and operating expenses (25%).
- CEO Daniel P. McGahn's target cash incentive is 100% of base salary, or $754,000.
- CFO John W. Kosiba, Jr.'s target cash incentive is 75% of base salary, or $351,000.
- Payouts are capped at 200% of the participant's target cash incentive amount.
Price Impact
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