OVTI » Topics » Compensation Committee

This excerpt taken from the OVTI DEF 14A filed Aug 10, 2009.

Compensation Committee

 

The compensation committee reviews and approves decisions regarding compensation, for our officers and reviews and makes recommendations to the board of directors regarding compensation policies for our directors, employees and consultants.  The compensation committee acts under a written charter adopted and approved by our board of directors.  A copy of the charter of our compensation committee is available on our website located at www.ovt.com.  It may be found on the website as follows:

 

1.             From our main web page, click on “Investors.”

 

2.             Then click on “Corporate Governance.”

 

3.             Then click on “Charter of the compensation committee.”

 

The compensation committee held nine (9) meetings during fiscal 2009.  During fiscal 2009, the members of the compensation committee were Messrs. Jeng, Wang and Steffensen with Mr. Jeng serving as the chairperson of the compensation committee.  None of the current compensation committee members is an employee of our Company and all of them are independent within the meaning of the corporate governance standards of the Nasdaq Stock Market.  The report of the compensation committee for fiscal 2009 is included in this proxy statement.

 

This excerpt taken from the OVTI DEF 14A filed Aug 8, 2008.

Compensation Committee

 

The compensation committee reviews and approves decisions regarding compensation, for our officers and reviews and makes recommendations to the board of directors regarding compensation policies for our directors, employees and consultants.  The compensation committee acts under a written charter adopted and approved by our board of directors.  A copy of the charter of our compensation committee is available on our website located at www.ovt.com.  It may be found on the website as follows:

 

1.                                       From our main web page, click on “Investors.”

 

2.                                       Then click on “Corporate Governance.”

 

3.                                       Then click on “Charter of the Compensation Committee.”

 

The compensation committee held seven (7) meetings during fiscal 2008.  During fiscal 2008, the members of the compensation committee were Messrs. Jeng, Wang and Steffensen with Mr. Jeng serving as the chairperson of the compensation committee.  None of the current compensation committee members is an employee of our Company and all of them are independent within the meaning of the corporate governance standards of the Nasdaq Stock Market.  The report of the compensation committee for fiscal 2008 is included in this proxy statement.

 

This excerpt taken from the OVTI DEF 14A filed Aug 27, 2007.

Compensation Committee

The compensation committee reviews and approves decisions regarding compensation, incentive and other forms of compensation for our officers and reviews and makes recommendations to the board of directors regarding compensation policies for our directors, employees and consultants.  The compensation committee acts under a written charter adopted and approved by our board of directors.  A copy of the charter of our compensation committee is available on our website located at www.ovt.com and is attached hereto as Appendix C. It may be found on the website as follows:

1.                                       From our main web page, click on “Investors.”

2.                                       Then click on “Corporate Governance.”

3.                                       Then click on “Charter of the Compensation Committee.”

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The compensation committee held five (5) meetings during fiscal 2007.  During fiscal 2007, the members of the compensation committee were Messrs. Jeng, Wang and Steffensen with Mr. Jeng serving as the chairperson of the compensation committee.  None of the current compensation committee members is an employee of our Company and all of them are independent within the meaning of the corporate governance standards of the Nasdaq Stock Market.  The report of the compensation committee for fiscal 2007 is included in this proxy statement.

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