Tech — Hardware
ACM Research Executive Compensation (FY25)
ACMR · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ David Wang | Latest say-on-pay support = June 13, 2024 | Chief executive pay ratio ◇ To the median employee |
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Data as of October 22, 2026Latest filing (DEF 14A): April 27, 2026
6 filings cited on this page
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Published by Velarion Company Intelligence
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171 figures on this page: 168 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
More on ACM Research
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Wang: $498,607 → $632,769 (26.9% higher)
CEO pay ratio: 15:1 → 21:1 (40.0% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is ACM Research's chief executive and what were they paid?
Total compensation for David Wang, Chief Executive Officer and President, came to $632,769 in fiscal 2025. Wang's total was 26.9% higher than the $498,607 reported for fiscal 2024.
What was ACM Research's say-on-pay result?
For fiscal 2023, shareholders backed the say-on-pay proposal with 84.8% of votes cast including abstentions in favor at the meeting held June 13, 2024.
Which companies are in ACM Research's peer group?
Companies named in the disclosed peer group include Alpha and Omega Semiconductor Limited, AXT, Inc., Cohu, Inc., FormFactor, Inc. and Ichor Holdings, Ltd., among others.
What is ACM Research's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 21:1, against median employee compensation of $30,498.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Mark McKechnie Chief Financial Officer, Treasurer and Secretary | ◇ | ◇ | — | ◇ | — | — | — | ◇ |
Lisa Feng Chief Financial Officer, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | ◇ | — | — | ◇ | ◇ |
Fuping Chen Vice President, Sales China, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | ◇ | — | — | ◇ | ◇ |
David Wang Chief Executive Officer and President | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Wang Chief Executive Officer and President | ◇ | ◇ | — | ◇ | — | — | ◇ | ◇ |
Jian Wang Chief Executive Officer and President, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | ◇ | — | — | ◇ | ◇ |
Fuping Chen Vice President, Sales--China, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | ◇ | — | — | — | ◇ |
Lisa Feng Chief Financial Officer, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | ◇ | — | — | ◇ | ◇ |
Mark McKechnie Chief Financial Officer, Treasurer and Secretary | ◇ | ◇ | — | ◇ | — | — | — | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Wang Chief Executive Officer and President | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Jian Wang Chief Executive Officer and President, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Mark McKechnie Chief Financial Officer, Treasurer and Secretary | ◇ | ◇ | — | — | — | — | — | ◇ |
Fuping Chen Vice President, Sales--China, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Lisa Feng Chief Financial Officer, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Wang Chief Executive Officer and President | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Jian Wang Chief Executive Officer and President, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Mark McKechnie Chief Financial Officer, Treasurer and Secretary | ◇ | ◇ | — | — | — | — | — | ◇ |
Lisa Feng Chief Financial Officer, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fuping Chen Vice President, Sales--China, ACM Research (Shanghai), Inc. | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David H. Wang | OPTION | — | — | — | — withheld | — | ◇ | ◇ |
| David H. Wang | OPTION | — | — | — | — withheld | — | ◇ | ◇ |
| David H. Wang | OPTION | — | — | — | — withheld | — | ◇ | ◇ |
| David H. Wang | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| David H. Wang | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| David H. Wang | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| Fuping Chen | OPTION | — | — | — | — withheld | — | ◇ | ◇ |
| Fuping Chen | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| Jian Wang | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| Lisa Feng | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| Lisa Feng | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| Mark McKechnie | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
| Mark McKechnie | OPTION | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| David Wang | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Mark McKechnie | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Jian Wang | Option | ◇ | — | ◇ | — |
| Lisa Feng | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Fuping Chen | Option | ◇ | — | ◇ | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
David Wang
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Fuping Chen
Vice President, Sales--China, ACM Research (Shanghai), Inc. · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Jian Wang
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Lisa Feng
Chief Financial Officer, ACM Research (Shanghai), Inc. · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Mark McKechnie
Chief Financial Officer, Treasurer and Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
| Equity acceleration on change in control | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Charles Pappis | ◇ | — | ◇ | — | — | — | ◇ |
Haiping Dun Lead independent director | ◇ | — | ◇ | — | — | — | ◇ |
Tracy Liu | ◇ | — | ◇ | — | — | — | ◇ |
Chenming Hu | ◇ | — | — | — | — | — | ◇ |
David H. Wang served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Options.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Alpha and Omega Semiconductor Limited AOSL
- AXT, Inc. AXTI
- Cohu, Inc. COHU
- FormFactor, Inc. FORM
- Ichor Holdings, Ltd. ICHR
- Indie Semiconductor, Inc. INDI
- Kulicke and Soffa Industries, Inc. KLIC
- Magnachip Semiconductor MX
- PDF Solutions, Inc. PDSF
- Photronics, Inc. PLAB
- Semtech Corporation SMTC
- SkyWater Technology, Inc. SKYT
- Ultra Clean Holdings, Inc. UCTT
- Veeco Instruments Inc. VECO
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2023 | June 13, 2024 | = | ◇ | ◇ | ◇ |
| 2020 | June 2, 2021 | = | ◇ | ◇ | ◇ |
| 2017 | June 14, 2018 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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- David Wang (Chief Executive Officer and President), FY2025 total compensation $632,769 (base salary $267,801) [exec_comp, SEC accession 0001628280-26-027358, filed 2026-04-27]What this page does not include
Everything above is a fact ACM Research disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where ACM Research sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
171 figures on this page: 168 cited to the filing that reported them, 3 calculated from figures it prints.
168 cited to the filing
3 calculated from the filing
Documents cited
- 0001628280-26-027358CEO Pay Ratio · Director Compensation · Outstanding Equity Awards at December 31 · Summary Compensation Table
- 0001140361-25-016311Compensation Discussion and Analysis · Grants of Plan-Based Awards
- 0001140361-24-030349
- 0001140361-23-022028Summary Compensation Table
- 0001140361-21-019750
- 0001654954-18-006793
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “ACM Research executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ACMR (accessed 2026).
Short form: data: Velarion
The paid brief for ACM Research
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
6 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers ACM Research discloses
The companies named in ACMR's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}