GCT Semiconductor sets 2H 2026 exec bonus plan

GCT Semiconductor sets 2H 2026 executive bonus targets at 25% of base salary and raises the CFO’s annual base pay.

Rhea-AI Filing Summary

GCT Semiconductor Holding, Inc. approved an executive incentive bonus plan for the second half of 2026 under which its executive officers are eligible to receive cash bonuses based on weighted achievement of specified 2026 revenue targets and individual KPI performance goals. The plan sets a target bonus equal to 25% of base salary for the second half of 2026 for the Chief Executive Officer, Chief Financial Officer, Senior Vice President of Sales & Marketing, and Vice President of Engineering and Chief Technology Officer, assuming 100% performance. The company also approved an increase in Chief Financial Officer Edmond Cheng’s annual base salary from $304,500 to $330,383, effective October 1, 2026.

Filing Explained

The September 10 approval makes second-half 2026 cash bonuses contingent on company revenue targets and individual performance goals; this filing establishes eligibility, not a bonus earned or paid, and says the complete plan will be filed with the Form 10-Q for the quarter ending September 30, 2026.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Target bonus percentage: 25% of base salary for 2H 2026 CFO prior annual base salary: $304,500 CFO new annual base salary: $330,383 +2 more

5 metrics

Target bonus percentage 25% of base salary for 2H 2026 Target bonus at 100% performance for each listed executive officer

CFO prior annual base salary $304,500 Chief Financial Officer Edmond Cheng’s base salary before the increase

CFO new annual base salary $330,383 Chief Financial Officer Edmond Cheng’s base salary effective October 1, 2026

Effective date of CFO salary increase October 1, 2026 Date on which the CFO’s new base salary becomes effective

Plan period Second half of 2026 Performance period covered by the executive incentive bonus plan

Key Terms

Emerging growth company, incentive bonus plan, Revenue Target, KPI Goals

4 terms

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

incentive bonus plan financial

"approved an incentive bonus plan for the second half of the 2026"

Revenue Target financial

"based on the Company’s achievement of specified 2026 revenue targets"

KPI Goals financial

"and the executive officer’s achievement of individual performance goals"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive bonus plan did GCTS approve for the second half of 2026?

GCT Semiconductor Holding, Inc. approved an incentive bonus plan for 2H 2026 under which executive officers may receive cash bonuses based on weighted achievement of 2026 revenue targets and individual KPI performance goals, with each listed executive having a 25% of base salary target bonus at 100% performance.

What is the target bonus percentage for GCTS executives under the new plan?

The target bonus for each listed executive officer of GCT Semiconductor Holding, Inc. for the second half of 2026 is 25% of base salary for that period, assuming 100% achievement of both the company Revenue Target and individual KPI Goals.

How is the GCTS executive bonus determined under the 2026 plan?

Each executive’s bonus is determined by the company’s achievement of specified 2026 revenue targets and the executive’s achievement of individual KPI Goals, using a specified weighting between these two components to calculate the actual bonus amount.

Which GCTS executives are covered by the 2H 2026 incentive bonus plan?

The plan covers John Schlaefer (Chief Executive Officer), Edmond Cheng (Chief Financial Officer and Corporate Secretary), Alex Sum (Senior Vice President of Sales & Marketing), and Jeongmin Kim (Vice President of Engineering and Chief Technology Officer). Each has a 25% of base salary target bonus for 2H 2026.

What change was made to the GCTS CFO’s compensation?

The Compensation Committee increased Chief Financial Officer Edmond Cheng’s annual base salary from $304,500 to $330,383, effective October 1, 2026. This change is in addition to his eligibility for the 2H 2026 incentive bonus plan.

When will the full GCTS incentive bonus plan document be filed?

GCT Semiconductor Holding, Inc. states that a copy of the incentive bonus plan will be filed as an exhibit to its Form 10-Q for the quarterly period ending September 30, 2026 with the Securities and Exchange Commission.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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): September 10, 2026

GCT Semiconductor Holding, Inc.

(Exact Name of Registrant as Specified in Its Charter)

001-41013

(Commission File Number)

Delaware	86-2171699
(State or Other Jurisdiction of Incorporation)	(I.R.S. Employer Identification No.)

2290 North 1st Street, Suite 201

San Jose, CA 95131

(Address of principal executive offices, including zip code)

(408) 434-6040

(Registrant’s telephone number, including area code)

N/A

(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:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(g) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		GCTS		NYSE
Warrants, each whole warrant exercisable for one share of Common Stock for $11.50 per share		GCTS.WS		NYSE

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. ☐

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

Executive Incentive Bonus Plan

On September 10, 2026, the Compensation Committee of the Board of Directors (the “Compensation Committee”) of GCT Semiconductor Holding, Inc. (the “Company”) approved an incentive bonus plan for the second half of the 2026 calendar year (the “Plan”), pursuant to which each of the Company’s executive officers will be eligible to receive a cash bonus based on the achievement of specified Company and individual performance goals. The amount of each bonus will be determined based on the Company’s achievement of specified 2026 revenue targets (“Revenue Target”) and the executive officer’s achievement of individual performance goals (“KPI Goals”), and the calculation of actual bonus amount will be based on a specified weighting between Revenue Target and KPI Goals.  

The target bonus payable to each executive officer of the Company (assuming 100% payout) is as follows:

Name			Title			Target Bonus (% of base salary for the second half of 2026) (at 100% performance)
John Schlaefer			Chief Executive Officer			25%
Edmond Cheng			Chief Financial Officer and Corporate Secretary			25%
Alex Sum			Senior Vice President of Sales & Marketing			25%
Jeongmin Kim			Vice President of Engineering and Chief Technology Officer			25%

The description of the Plan above is only a summary and qualified in its entirety by the Plan, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ending September 30, 2026 to be filed with the Securities and Exchange Commission. 

CFO Compensation

Additionally, on September 10, 2026, the Compensation Committee approved an increase to the annual base salary of Edmond Cheng, the Company’s Chief Financial Officer, from $304,500 to $330,383, effective October 1, 2026.

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GCT SEMICONDUCTOR HOLDING, INC.
September 15, 2026	By:	/s/ Edmond Cheng
	Name:	Edmond Cheng
	Title:	Chief Financial Officer

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 4.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 17.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 25.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 19.2 KB