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Tech — Hardware

Formfactor Executive Compensation (FY25)

FORM · Livermore, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Michael Slessor
Latest say-on-pay support
=
May 15, 2026
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Data as of October 19, 2026Latest filing (8-K): May 19, 2026
16 filings cited on this page
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168 figures on this page: 157 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
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 — Michael Slessor: $5,303,605 → $5,481,644 (3.4% higher)
Say-on-pay support: 98.5% → 98.7% (0.2 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Formfactor's chief executive and what were they paid?
Michael Slessor was paid $5,481,644 in total compensation as President, CEO and Director for fiscal 2025. Slessor's total moved 3.4% higher from the $5,303,605 reported for fiscal 2024.
What was Formfactor's say-on-pay result?
The say-on-pay proposal drew 98.7% of votes cast for or against in favor at the meeting held May 15, 2026 for fiscal 2025.
Which companies are in Formfactor's peer group?
The disclosed peer group includes Advanced Energy Industries, Alpha and Omega Semiconductor, Axcelis Technologies, Cohu and Ichor, among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Slessor
President and Chief Executive Officer
◇—◇—◇—◇◇
Shai Shahar
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Slessor
President, CEO and Director
◇—◇—◇—◇◇
Shai Shahar
Senior Vice President, CFO
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Slessor
President, CEO and Director
◇—◇—◇—◇◇
Shai Shahar
Senior Vice President, CFO
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Slessor
President, CEO and Director
◇—◇—◇—◇◇
Aric McKinnis
Senior Vice President, CFO
◇◇◇—◇—◇◇
Shai Shahar
Former Senior Vice President and CFO
Departed during or after this year
◇———◇—◇◇
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 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Aric McKinnisPSU◇◇◇—◇—◇
Aric McKinnisRSU◇——◇——◇
Michael D. SlessorPSU◇◇◇—◇—◇
Michael D. SlessorRSU◇——◇——◇
Fiscal 2023, 2024 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael SlessorPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Shai ShaharPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Aric McKinnisPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
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.
Aric McKinnis
Senior Vice President, CFO · Offer letter · dated August 4, 2025
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas St. Dennis
Board chair · Lead independent director
◇◇————◇
Brian White
◇◇————◇
Kelley Steven-Waiss
◇◇————◇
Jorge Titinger
◇◇————◇
Kevin Brewer
◇◇————◇
Sheri Rhodes
◇◇————◇
Rebeca Obregon Jimenez
◇◇————◇
Michael D. Slessor 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◇
Board chair 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 restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Advanced Energy Industries AEIS
  • Alpha and Omega Semiconductor AOSL
  • Axcelis Technologies ACLS
  • Cohu COHU
  • Ichor ICHR
  • Lattice Semiconductor LSCC
  • MACOM Technology Solutions MTSI
  • MaxLinear MXL
  • MKS Instruments MKSI
  • Onto Innovation ONTO
  • Photronics PLAB
  • Power Integrations POWI
  • Semtech SMTC
  • Silicon Laboratories SLAB
  • Ultra Clean Holdings UCTT
  • Veeco Instruments VECO
  • Viavi Solutions VIAV

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 15, 2026=◇◇◇
2024May 16, 2025=◇◇◇
2023May 17, 2024=◇◇◇
2022May 19, 2023=◇◇◇
2021May 27, 2022=◇◇◇
2020May 14, 2021=◇◇◇
2019May 15, 2020=◇◇◇
2018May 17, 2019=◇◇◇
2017May 18, 2018=◇◇◇
2016May 26, 2017=◇◇◇
2015May 20, 2016=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Michael Slessor (President, CEO and Director), FY2025 total compensation $5,481,644 (base salary $664,615) [exec_comp, SEC accession 0001039399-26-000016, filed 2026-04-02]

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What this page does not include

Everything above is a fact Formfactor disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Formfactor 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.
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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.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable 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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
168 figures on this page: 157 cited to the filing that reported them, 11 calculated from figures it prints.
157 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001039399-26-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001039399-26-000016
    Director Compensation · EXECUTIVE COMPENSATION AND RELATED INFORMATION · Grants of Plan-Based Awards in Fiscal Year 2025 · Outstanding Equity Awards at Fiscal Year Ended December 27, 2025 · and 1 more section
  3. 0001039399-26-000009
    EX-10.31
  4. 0001039399-25-000063
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001140361-25-011850
    Summary Compensation
  6. 0001039399-24-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001140361-24-016895
    Summary Compensation
  8. 0001039399-23-000021
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001140361-23-016208
    Summary Compensation Table
  10. 0001039399-22-000060
  11. 0001039399-21-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000950103-20-009901
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000950103-19-006696
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000950103-18-006367
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001039399-17-000043
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0001039399-16-000044
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Formfactor executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FORM (accessed 2026).
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16 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers Formfactor discloses

The companies named in FORM's own disclosed peer group.

Advanced Energy IndustriesAlpha and Omega SemiconductorAxcelis TechnologiesCohuIchorLattice SemiconductorMACOM Technology SolutionsMaxLinearMKS InstrumentsOnto InnovationPhotronicsPower IntegrationsSemtechSilicon LaboratoriesUltra Clean HoldingsVeeco InstrumentsViavi Solutions

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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}
}
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