Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. ( e) Fiscal 2026 Executive Incentive Plan . On June 1, 2026, the Compensation Committee (the “ Committee ”) of the Board of Directors (the " Board ") of American Superconductor Corporation (the “ Company ”) and the Board approved an executive incentive plan for the Company’s fiscal year ending March 31, 2027 (“ fiscal 2026 ”). Participants in the plan include the Company’s chief executive officer and all other current executive officers. Pursuant to the plan, each participant is designated a target cash incentive amount, expressed as a percentage of the participant’s annual base salary. The Committee is responsible for determining the payout under the plan to each participant except the chief executive officer. The Board determines the payout under the plan for the chief executive officer, taking into account the recommendation of the Committee. The amount of the incentive award actually paid to each participant may be less than or greater than the participant’s target cash incentive, with the amount capped at 200% of the target incentive. For each participant, individual incentive awards will be determined following the end of fiscal 2026 based on the following factors and their corresponding weightings: • the Company’s non-GAAP net income for fiscal 2026 as compared to the established target – 50% • the Company’s revenues for fiscal 2026 as compared to the established target – 25% • the Company’s operating expenses for fiscal 2026 as compared to the established target – 25% The following table sets forth the target cash incentive for fiscal 2026 for each current executive officer: Executive Officer Title Target Incentive as % of Base Salary Target Incentive Daniel P. McGahn Chairman, President and Chief Executive Officer 100 % $ 754,000 John W. Kosiba, Jr. Senior Vice President, Chief Financial Officer and Treasurer 75 % $ 351,000
AMSC American Superconductor Corp /De/ - 8-K
Accession
0001437749-26-0191635.029.01
Item 5.02 - Departure/Election of Directors or Certain Officers
319 words
Item 9.01 - Financial Statements and Exhibits
38 words
Item 9.01. Financial Statements and Exhibits. (d ) Exhibits : Exhibit No. Description 10.1 Fiscal 2026 Executive Incentive Plan. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.