SemiLEDS Corporation (LEDS)

Trung T. Doan has been a director, chairman of the board and chief executive since January 2005, the year the company was incorporated, and its president since August 2012. He came to it from the equipment side of the chip industry: corporate vice president of the Applied Global Services product group at Applied Materials, president and chief executive of Jusung Engineering, a semiconductor and LCD equipment company in Korea, and vice president of process development at Micron Technology. He holds degrees in nuclear engineering and in chemical engineering from the University of California, Santa Barbara. On the record this site holds he has filed as an officer and director since 2010. 1234

Christopher Lee has been chief financial officer since September 2015, after joining in September 2014 and serving as interim finance chief from that November. He is a certified public accountant in the United States with more than 25 years in accounting and finance, and he carries outside jobs at the same time: a director of Aixin Life International since February 2021 and chief financial officer of Ainos since March 2024. Before joining he was a partner of KEDP CPA Group and then a self-employed accountant. 56

Four other directors sit with Doan. Scott R. Simplot has served since March 2005 and is chairman of J. R. Simplot Company, the private food business whose subsidiary Simplot Taiwan holds the largest block of shares. Dr. Edward Kuan Hsiung Hsieh has served since February 2012 and is an adjunct professor at National Taiwan University; Walter Michael Gough, a financial consultant who taught accounting at DeAnza College, since April 2016; Dr. Chris Chang Yu since July 2024. The board says Hsieh, Gough and Yu are independent and each meets the definition of an audit committee financial expert. Control is concentrated: Simplot is shown with 57.3 percent of the shares, the same block attributed to Doan because both are parties to a voting agreement dated June 3, 2024, and the company takes the Nasdaq controlled company exemption from the requirement that its compensation committee be made up of independent directors. 789101112131415

This is a small company measured in people: about 118 employees at the end of fiscal 2025, all of them in Taiwan, none represented by a labor union. They all sit in one operating subsidiary, Taiwan Bandaoti Zhaoming Co., Ltd., which does the research, development, manufacturing, marketing and selling and employs everybody. Pay includes performance awards in cash and in equity, stock options and restricted share units. 16173