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Pay vs Performance Disclosure

12 Months Ended

Dec. 27, 2024

USD ($)

Dec. 29, 2023

USD ($)

Dec. 30, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 25, 2020

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

The following table sets forth additional compensation information of our Principal Executive Officer (PEO) and our other (non-PEO) NEOs along with total shareholder return, net income, and GAAP revenue growth performance results for our fiscal years 2020, 2021, 2022, 2023 and 2024.


	Year⁽¹⁾			Summary Comp Table Total for PEO⁽²⁾			Compensation Actually Paid to PEO⁽³⁾⁽⁴⁾			Average Summary Comp Table Total for non-PEO NEOs⁽²⁾			Average Compensation Actually Paid to non-PEO NEOs⁽³⁾⁽⁵⁾			Company’s Total Shareholder Return⁽⁶⁾			Peer Group Total Shareholder Return⁽⁶⁾			GAAP Net Income			GAAP Revenue Growth⁽⁷⁾
	(a)			(b)			(c)			(d)			(e)			(f)			(g)			(h)			(i)
	2024			$5,781,280			$3,858,549			$2,235,127			$1,905,739			$156			$491			$23,700,000			21%
	2023			$5,043,765			$4,314,644			$1,840,096			$1,751,380			$146			$277			($31,300,000)			-27%
	2022			$4,240,224			($505,754)			$1,875,513			$597,671			$142			$123			$40,400,000			13%
	2021			$5,201,766			$11,184,818			$1,754,208			$4,029,427			$245			$219			$119,500,000			50%
	2020			$3,417,579			$5,684,347			$1,571,782			$2,441,747			$135			$145			$77,600,000			31%

(1)	NEOs included in the above compensation columns reflect the following:


	Year			PEO #1			NON-PEO NEOs
	2024			Mr. Scholhamer			Messrs. Bajwa, Cook, and McKibben and Ms. Savage
	2023			Mr. Scholhamer			Messrs. Chinnasami, Cook, and McKibben and Ms. Savage
	2022			Mr. Scholhamer			Messrs. Chinnasami, Cook, and McKibben and Ms. Savage
	2021			Mr. Scholhamer			Messrs. Chinnasami, Williams, and Bentick and Ms. Savage
	2020			Mr. Scholhamer			Messrs. Chinnasami, Williams, and Bentick and Ms. Savage

(2)

Amounts reported in this column represent (i) the total compensation as reported in the Summary Compensation Table for the applicable year in the case of our PEO and (ii) the average of the total compensation as reported in the Summary Compensation Table for the Company’s other NEOs for the applicable year.

(3)

SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine “compensation actually paid” as reported in the Pay versus Performance Table. “Compensation actually paid” does not necessarily represent cash and/or equity value transferred to the applicable NEO without restriction, but rather is a value calculated under applicable SEC rules.

(4)	Compensation Actually Paid to our PEO reflects the following adjustments from total compensation reported in the Summary Compensation Table:


				2024
	Total Reported in Summary Compensation Table (SCT)			$5,781,280
	Less, value of Stock Awards reported in SCT			($4,027,383)
	Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding			$3,864,306
	Plus, (Less), Year over Year Change in Fair Value of Prior Year awards that are Outstanding and Unvested			($1,603,346)
	Plus, Fair Value as of the Vesting Date of Awards Granted this Year and that Vested this Year			$0
	Plus, (Less), Year over Year Change in Fair Value (from prior year-end) of Prior Year awards that Vested this year			($156,308)
	Less Prior Year Fair Value of Prior Year awards that Failed to vest this Year			$0
	Total Adjustments			($1,922,731)
	Compensation Actually Paid			$3,858,549

(5)	The average Compensation Actually Paid to the non-PEO NEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:


				2024
	Total Reported in Summary Compensation Table (SCT)			$2,235,127
	Less, value of Stock Awards reported in SCT			($1,364,062)
	Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding			$1,206,768
	Plus, (Less), Year over Year Change in Fair Value of Prior Year awards that are Outstanding and Unvested			($211,099)
	Plus, Fair Values as of the Vesting Date of Awards Granted this Year and that Vested this Year			$0
	Plus, (Less), Year over Year Change in Fair Value (from prior year-end) of Prior Year awards that Vested this year			$39,006
	Less Prior Year Fair Value of Prior Year awards that Failed to vest this Year			$0
	Total Adjustments			($329,387)
	Compensation Actually Paid			$1,905,739

(6)

Peer group TSR reflects the RDG Semiconductor Composite Index performance as reflected in our Annual Report on Form 10-K for the fiscal year ended December 27, 2024 pursuant to Item 201(e) of Regulation S-K. For the Company and peer group TSR, each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on December 28, 2019.

(7)	GAAP Revenue Growth is used as the Company selected metric and it is part of our annual incentive program and the primary component of our PSUs which measures relative revenue growth against a select group of performance peers.

Company Selected Measure Name

GAAP Revenue Growth

Named Executive Officers, Footnote

(1)	NEOs included in the above compensation columns reflect the following:


	Year			PEO #1			NON-PEO NEOs
	2024			Mr. Scholhamer			Messrs. Bajwa, Cook, and McKibben and Ms. Savage
	2023			Mr. Scholhamer			Messrs. Chinnasami, Cook, and McKibben and Ms. Savage
	2022			Mr. Scholhamer			Messrs. Chinnasami, Cook, and McKibben and Ms. Savage
	2021			Mr. Scholhamer			Messrs. Chinnasami, Williams, and Bentick and Ms. Savage
	2020			Mr. Scholhamer			Messrs. Chinnasami, Williams, and Bentick and Ms. Savage

Peer Group Issuers, Footnote

(6)

Peer group TSR reflects the RDG Semiconductor Composite Index performance as reflected in our Annual Report on Form 10-K for the fiscal year ended December 27, 2024 pursuant to Item 201(e) of Regulation S-K. For the Company and peer group TSR, each year reflects what the cumulative value of $100 would be, including reinvestment of dividends, if such amount were invested on December 28, 2019.

PEO Total Compensation Amount

$ 5,781,280

$ 5,043,765

$ 4,240,224

$ 5,201,766

$ 3,417,579

PEO Actually Paid Compensation Amount

$ 3,858,549

4,314,644

(505,754)

11,184,818

5,684,347

Adjustment To PEO Compensation, Footnote

(4)	Compensation Actually Paid to our PEO reflects the following adjustments from total compensation reported in the Summary Compensation Table:


				2024
	Total Reported in Summary Compensation Table (SCT)			$5,781,280
	Less, value of Stock Awards reported in SCT			($4,027,383)
	Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding			$3,864,306
	Plus, (Less), Year over Year Change in Fair Value of Prior Year awards that are Outstanding and Unvested			($1,603,346)
	Plus, Fair Value as of the Vesting Date of Awards Granted this Year and that Vested this Year			$0
	Plus, (Less), Year over Year Change in Fair Value (from prior year-end) of Prior Year awards that Vested this year			($156,308)
	Less Prior Year Fair Value of Prior Year awards that Failed to vest this Year			$0
	Total Adjustments			($1,922,731)
	Compensation Actually Paid			$3,858,549

Non-PEO NEO Average Total Compensation Amount

$ 2,235,127

1,840,096

1,875,513

1,754,208

1,571,782

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,905,739

1,751,380

597,671

4,029,427

2,441,747

Adjustment to Non-PEO NEO Compensation Footnote

(5)	The average Compensation Actually Paid to the non-PEO NEOs reflects the following adjustments from Total compensation reported in the Summary Compensation Table:


				2024
	Total Reported in Summary Compensation Table (SCT)			$2,235,127
	Less, value of Stock Awards reported in SCT			($1,364,062)
	Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding			$1,206,768
	Plus, (Less), Year over Year Change in Fair Value of Prior Year awards that are Outstanding and Unvested			($211,099)
	Plus, Fair Values as of the Vesting Date of Awards Granted this Year and that Vested this Year			$0
	Plus, (Less), Year over Year Change in Fair Value (from prior year-end) of Prior Year awards that Vested this year			$39,006
	Less Prior Year Fair Value of Prior Year awards that Failed to vest this Year			$0
	Total Adjustments			($329,387)
	Compensation Actually Paid			$1,905,739

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

The following is a list of financial performance and non-financial performance measures, which in the Company’s assessment, represent the most important measures used by the Company to link compensation actually paid to the NEOs for 2024:

(i)	Non-GAAP Revenue Growth

(ii)	Non-GAAP Adjusted Operating Margin

(iii)

Relative Total Shareholder Return

(iv)	Cash Flow from Operations

(v)	Strategic Programs (ERP implementation, expense reduction, site optimization and product transition goals)

(vi)	Human Capital Goals

For additional details regarding these performance measures, please see the sections titled “Fiscal 2024 Cash Incentive Bonuses” and “Equity Compensation” in our Compensation Discussion and Analysis elsewhere in this Proxy Statement.

Total Shareholder Return Amount

$ 156

146

142

245

135

Peer Group Total Shareholder Return Amount

491

277

123

219

145

Net Income (Loss)

$ 23,700,000

$ (31,300,000)

$ 40,400,000

$ 119,500,000

$ 77,600,000

Company Selected Measure Amount

0.21

(0.27)

0.13

0.50

0.31

Mr. Scholhamer

Mr. Scholhamer

Mr. Scholhamer

Mr. Scholhamer

Mr. Scholhamer

Additional 402(v) Disclosure

As highlighted in our CD&A, one of our primary principles of our compensation program is to ensure that there is a substantial portion of compensation of executive officer pay that is at-risk and is highly dependent on the Company’s short-term and long-term financial, operation, and stock price performance.

For our executives, over 54% of their opportunity is tied to long-term equity incentives which will depend on our revenue growth and share price performance while roughly 19% of our executive pay is tied to annual financial and operational performance. We expect a stronger correlation to stock price performance and revenue growth through the combination of (a) having a significant portion of our pay tied to long-term incentives and (b) using PSUs linked to revenue growth and relative TSR as part of our annual long-term incentive mix. This relationship is highlighted in more detail in the next section.

Pay vs Performance Disclosure

Non-GAAP Revenue Growth

Pay vs Performance Disclosure

Non-GAAP Adjusted Operating Margin

Pay vs Performance Disclosure

Relative Total Shareholder Return

Pay vs Performance Disclosure

Cash Flow from Operations

Pay vs Performance Disclosure

Strategic Programs (ERP implementation, expense reduction, site optimization and product transition goals)

Pay vs Performance Disclosure

Human Capital Goals

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,922,731)

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(4,027,383)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,864,306

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,603,346)

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(156,308)

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(329,387)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,364,062)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,206,768

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(211,099)

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

39,006

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0