9 January 2013
SemiLEDs’ CFO replaced by deputy controller while permanent replacement sought
In a filing with the US Securities and Exchange Commission (SEC), LED chip and component maker SemiLEDs Corp of Hsinchu Science Park, Taiwan has declared that, on 2 January, David Young resigned as its chief financial officer.
Subsequently, on 4 January, the board of directors appointed Timothy Lin to serve as interim CFO while it conducts a search for a permanent replacement. Young has agreed to provide transition assistance to the firm for a period of time.
Lin has been deputy controller since joining the firm in October 2010. Previously, he was a senior manager at Ernst & Young (Taiwan) from October 2009 to October 2010 and a manager at Deloitte & Touche (Taiwan) from June 2006 to October 2009.
Lin’s monthly base salary is NT$200,000 (about US$6900). He is also eligible for a year-end bonus equivalent to 2 months of his then average base salary, subject to the achievement of performance targets determined by the CEO.