[Ritek] Announcement of Expiration of Term for Compensation Committee Members
Key facts
- [Ritek] Announcement of Expiration of Term for Compensation Committee Members
- Ritek Corporation announces the expiration of term for three independent directors serving on the Compensation Committee. New members will be appointed by the newly elected board of directors.
- Source: PR Times
- Date: June 16, 2026
Direct answer
Ritek Corporation announces the expiration of term for three independent directors serving on the Compensation Committee. New members will be appointed by the newly elected board of directors.
- Citation
- [Ritek] Announcement of Expiration of Term for Compensation Committee Members (June 16, 2026), PR Times
- Source
- PR Times
- Date
- June 16, 2026
Ritek Corporation announces the expiration of term for three independent directors serving on the Compensation Committee. New members will be appointed by the newly elected board of directors.
📋 Article Processing Timeline
- 📰 Published: June 16, 2026 at 09:00
- 🔍 Collected: June 17, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 18, 2026 at 16:30 (23h 30m after Collected)
1. Date of Change: 06/16/2026
2. Name of Functional Committee: Compensation Committee
3. Former Members: Independent Director Chen, Chun-Chao; Independent Director Chang, Tso-Hsia; Independent Director Sung, Szu-Chun
4. Former Members' Resumes:
Chen, Chun-Chao — Independent Director, Ritek Corporation
Chang, Tso-Hsia — Independent Director, Ritek Corporation
Sung, Szu-Chun — Independent Director, Ritek Corporation
5. New Members: To be appointed by the newly elected board of directors
6. New Members' Resumes: To be appointed by the newly elected board of directors
7. Nature of Change (please enter 'resignation', 'dismissal', 'end of term', 'death', or 'new appointment'):
End of Term
8. Reason for Change: The company's board of directors was fully re-elected on 06/16/2026, and the Compensation Committee's term aligns with that of the board.
9. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 06/19/2023 ~ 06/18/2026
10. Effective Date of New Appointment: Not yet appointed
11. Other Matters to be Disclosed: New Compensation Committee members will be announced following their appointment by the board of directors.
2. Name of Functional Committee: Compensation Committee
3. Former Members: Independent Director Chen, Chun-Chao; Independent Director Chang, Tso-Hsia; Independent Director Sung, Szu-Chun
4. Former Members' Resumes:
Chen, Chun-Chao — Independent Director, Ritek Corporation
Chang, Tso-Hsia — Independent Director, Ritek Corporation
Sung, Szu-Chun — Independent Director, Ritek Corporation
5. New Members: To be appointed by the newly elected board of directors
6. New Members' Resumes: To be appointed by the newly elected board of directors
7. Nature of Change (please enter 'resignation', 'dismissal', 'end of term', 'death', or 'new appointment'):
End of Term
8. Reason for Change: The company's board of directors was fully re-elected on 06/16/2026, and the Compensation Committee's term aligns with that of the board.
9. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 06/19/2023 ~ 06/18/2026
10. Effective Date of New Appointment: Not yet appointed
11. Other Matters to be Disclosed: New Compensation Committee members will be announced following their appointment by the board of directors.
FAQ
Why did the Compensation Committee members' terms end?
Their terms align with the board of directors, which was fully re-elected on June 16, 2026.
Who will the new committee members be?
New appointments will be made by the newly elected board and announced later.
Does this change affect shareholders?
This is a routine governance process and does not impact operations or shareholder value.