On August 24, 2022, Maureen A. Monahan submitted her resignation as the Chief Financial Officer of Techpoint, Inc. (the “Company”), such resignation to be effective on September 9, 2022. Ms. Monahan will assist in the transition of the Chief Financial Officer role until her departure from the Company.
On August 25, 2022, the Board of Directors of the Company (the “Board”) appointed Arthur Nguyen to serve as the Company’s Chief Financial Officer upon Ms. Monahan’s resignation. Mr. Nguyen, age 70, has served as a finance and accounting consultant of Gridspace, Inc., a voice technology company, since November 2021. Prior to that, Mr. Nguyen served as VP of Global Finance of Astound Commerce, an eCommerce company, from June 2014 to October 2021. From June 2013 to May 2014, Mr. Ngu yen served as Corporate Controller at BuildingIQ, Inc., a SAAS energy software company. Prior to that, from 2008 to 2013, Mr. Nguyen served as Corporate Controller at Precise Software Solutions, Inc., an enterprise software company. Mr. Nguyen also served as Corporate Controller and Chief Financial Officer at TVIA, Inc., a fabless semiconductor company, from 2000 to 2005. Mr. Nguyen holds a B.S. in Business Administration from California State University, Sacramento, an MBA from California State University, San Bernardino and is a Certified Public Accountant in the state of California.
The selection of Mr. Nguyen as Chief Financial Officer of the Company was not pursuant to any arrangement or understanding with respect to any other person. There are no family relationships between Mr. Nguyen and any director or executive officer of the Company, and there are no transactions between Mr. Nguyen and the Company that would be required to be reported under Item 404(a) of Regulation
Pursuant to an offer letter (the “Letter Agreement”), Mr. Nguyen will receive an annual base salary of $170,000 and, subject to the Board’s approval, will be eligible to receive 25,000 restricted stock units of the Company under the Company’s 2017 Stock Plan, which would vest over five years. In addition, Mr. Nguyen is eligible to participate in the Company’s employee benefits programs. Mr. Nguyen will also enter into the Company’s standard form of Indemnification Agreement for directors and executive officers.
The preceding description of the Letter Agreement is qualified in its entirety by reference to such agreement, filed as Exhibit 10.1 to this Current Report on Form
which is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Offer Letter between Techpoint, Inc. and Arthur Nguyen.
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
Indicates management contract or compensatory plan or arrangement.
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.
Dated: August 30, 2022
/s/ Fumihiro Kozato
President and Chief Executive Officer
(Principal Executive Officer)
makes a similar move, sign up!