AmpliTech Group, Inc. - Form 8-K Filing on Executive Compensation and Bonus Plan

AmpliTech Group, Inc. has announced a new Bonus Plan, approved by the Board of Directors on March 10, 2026, based on recommendations from the Compensation Committee. This plan aims to incentivize and reward executive officers for achieving specific financial, operational, and strategic objectives for the fiscal year ending 2026 and onwards. The bonus structure is tied to three key metrics: annual revenue (50% weighting), EBITDA/gross margin (35% weighting), and employee retention (15% weighting). Fawad Maqbool, CEO, is eligible for up to 75% of his base salary, while Louisa Sanfratello, CFO, and Jorge Flores, COO, are eligible for up to 45% of their base salaries. Performance targets include minimum thresholds for each metric; exceeding these can lead to bonuses up to 105% for the CEO and 75% for the CFO and COO, with bonuses calculated via linear interpolation between minimum and maximum performance levels. Additionally, discretionary bonuses of up to 85% of base salary for the CEO and 55% for the CFO and COO may be awarded upon Board approval.