Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnJanuary 7, 2023 , following the recommendation of the Compensation Committee (the "Compensation Committee") of the board of directors (the "Board") ofAmprius Technologies, Inc. (the "Company"), the Board approved annual bonuses for the year endedDecember 31, 2022 (the "2022 Bonuses") for the Company's executive officers as set forth below: Name 2022 Bonus Dr. Kang Sun$370,875 Sandra Wallach$155,756 Dr. Ionel Stefan$150,075 Each executive officer's 2022 Bonus is equal to the amount of the bonus the executive officer would have received for the year endedDecember 31, 2022 if the executive officer's increased annual base salary and target annual bonus described below had become effective onSeptember 16, 2022 , plus an amount equal to the base salary the executive officer would have received for the period beginning onSeptember 16, 2022 , and ending onDecember 31, 2022 , if the executive officer's increased annual base salary described below had become effective onSeptember 16, 2022 . The 2022 Bonuses will be paid on or beforeJanuary 31, 2023 , provided in each case that the applicable executive officer remains an employee of the Company through the date that the 2022 Bonuses are paid. Additionally, onJanuary 7, 2023 , following the recommendation of the Compensation Committee, the Board approved, effectiveJanuary 1, 2023 , increases in base salary and target annual bonuses for the Company's executive officers. The new base salary and target annual bonuses for the Company's executive officers are set forth below: Target Annual Bonus (% of Base Salary), Effective Name Base Salary, Effective 1/1/2023 1/1/2023 Dr. Kang Sun$624,000 100% Sandra Wallach$373,000 65% Dr. Ionel Stefan$364,000 60% The executive officers' annual bonus opportunities will be governed by and subject to the Company's Executive Incentive Compensation Plan. In accordance with the Company's Executive Incentive Compensation Plan, the performance goals for the executive officers' annual bonus opportunities for the year endedDecember 31, 2023 , will be developed by the Compensation Committee and approved by the Board, and the Board will determine whether and to what extent such performance goals are achieved.
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