Deswell(DSWL)

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德斯维尔工业上涨2.89%,报3.56美元/股,总市值5672.95万美元
Jin Rong Jie· 2025-08-25 14:28
8月25日,德斯维尔工业(DSWL)盘中上涨2.89%,截至22:02,报3.56美元/股,成交1.53万美元,总市值 5672.95万美元。 财务数据显示,截至2025年03月31日,德斯维尔工业收入总额6761.0万美元,同比减少2.53%;归母净 利润1113.8万美元,同比增长44.48%。 大事提醒: 9月17日,德斯维尔工业将披露2025财年一季报(数据来源于纳斯达克官网,预计披露日期为美国当地 时间,实际披露日期以公司公告为准)。 资料显示,德斯维尔工业公司成立于1987年,是独立的注塑成型塑料零件、 电子产品和子组件和金属模 具及配套零部件的原始设备制造商或原始设备制造商、 合同制造商。公司生产各种各样的塑料部件和 组件,用于生产消费品和工业产品,成品例如电话,电话应答机,高品质录音设备和计算机外部设备。 本文源自:金融界 作者:行情君 ...
德斯维尔工业上涨2.31%,报3.55美元/股,总市值5657.01万美元
Jin Rong Jie· 2025-08-18 14:51
8月18日,德斯维尔工业(DSWL)开盘上涨2.31%,截至21:31,报3.55美元/股,成交4.6万美元,总市值 5657.01万美元。 财务数据显示,截至2025年03月31日,德斯维尔工业收入总额6761.0万美元,同比减少2.53%;归母净 利润1113.8万美元,同比增长44.48%。 大事提醒: 9月17日,德斯维尔工业将披露2025财年一季报(数据来源于纳斯达克官网,预计披露日期为美国当地 时间,实际披露日期以公司公告为准)。 资料显示,德斯维尔工业公司成立于1987年,是独立的注塑成型塑料零件、 电子产品和子组件和金属模 具及配套零部件的原始设备制造商或原始设备制造商、 合同制造商。公司生产各种各样的塑料部件和 组件,用于生产消费品和工业产品,成品例如电话,电话应答机,高品质录音设备和计算机外部设备。 本文源自:金融界 作者:行情君 ...
Deswell(DSWL) - 2025 Q4 - Annual Report
2025-07-29 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 20-F ______________________________ (Mark one) OR Commission File Number: 001-33900 DESWELL INDUSTRIES, INC. (Exact name of registrant as specified in its charter) _______________________ | British Virgin Islands | Herman Wong, Chief Financial Officer, | | --- | --- | | (Jurisdiction of incorporation or organization) | Telephone: 853-28-322096; Fax: 853-28-323265 | | | E-mail: hermanwong@jetcrown.net ...
Deswell(DSWL) - 2025 Q2 - Quarterly Report
2024-09-30 20:15
[Form 6-K Filing Information](index=1&type=section&id=Form%206-K%20Filing%20Information) [Filing Details](index=1&type=section&id=Filing%20Details) Deswell Industries, Inc. filed Form 6-K on September 30, 2024, as a foreign private issuer submitting annual reports under Form 20-F - Type: **Form 6-K**, Report of Foreign Private Issuer[1](index=1&type=chunk) - Filing Date: **September 30, 2024**[1](index=1&type=chunk) - Annual Report Type: **Form 20-F**[2](index=2&type=chunk) - Registrant: **DESWELL INDUSTRIES, INC.**[1](index=1&type=chunk) - Principal Executive Office: Macao, Special Administrative Region, PRC[1](index=1&type=chunk) [Annual Meeting of Shareholders](index=2&type=section&id=Annual%20Meeting%20of%20Shareholders) [Meeting Logistics](index=2&type=section&id=Meeting%20Logistics) Deswell will hold its annual shareholders' meeting on November 12, 2024, in Dongguan, China, to elect directors and ratify auditors - Meeting Date & Time: **Tuesday, November 12, 2024, at 10:00 a.m. local time**[3](index=3&type=chunk) - Meeting Location: No.5, Shichangxiang, Chang'an Town, Dongguan City, Guangdong Province, CHINA[3](index=3&type=chunk) - Record Date: **September 16, 2024**[3](index=3&type=chunk) - Purposes: Elect five members of the Board of Directors; Ratify BDO China Shu Lun Pan Certified Public Accountants LLP as independent registered public accountants for the year ending March 31, 2025[4](index=4&type=chunk) [Voting Information](index=5&type=section&id=Voting%20Information) [Shareholder and Proxy Definitions](index=5&type=section&id=Shareholder%20and%20Proxy%20Definitions) Key terms for shareholders are defined, including 'proxy', 'shareholder of record', and 'street name' holders - Proxy Definition: Legal designation of another person to vote on your behalf[14](index=14&type=chunk) - Shareholder of Record: Shares registered directly in your name with Computershare Investor Services, the Company's transfer agent[18](index=18&type=chunk) - Street Name Holder: Shares held in the name of a brokerage, bank, trust, or other nominee as a custodian[18](index=18&type=chunk) - Multiple Voting Materials: May be received if shares are held in more than one brokerage account, registered in more than one name, or held in different ways (e.g., joint tenancy, trusts, custodial accounts)[16](index=16&type=chunk) [Quorum and Voting Eligibility](index=6&type=section&id=Quorum%20and%20Voting%20Eligibility) A quorum requires 33⅓% of outstanding shares; only shareholders of record on September 16, 2024, can vote - Quorum Requirement: The presence of holders of not less than **thirty-three and one-third percent (33⅓%)** of the aggregate number of the Company's common shares outstanding on the Record Date[19](index=19&type=chunk) Quorum and Voting Eligibility Data | Metric | Value | | :--- | :--- | | Shares Outstanding (Record Date) | 15,935,239 | | Required Shares for Quorum | 5,311,747 | | Votes per Common Share | 1 | - Voting Eligibility: Only shareholders of record at the close of business on **September 16, 2024**, are entitled to vote[21](index=21&type=chunk) [Voting Procedures](index=7&type=section&id=Voting%20Procedures) Shareholders can vote in person, by mail, or electronically, with options to change or revoke votes before exercise - Voting Methods: In person at the annual meeting; By mail, completing and returning the proxy card; By telephone or electronically through the Internet (for shareholders of record, or if allowed by broker for street name holders)[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk) - Changing Votes: A vote can be revoked or changed at any time before the proxy is exercised by delivering a notice of revocation, signing a later-dated proxy card, or attending the annual meeting and voting in person[29](index=29&type=chunk)[30](index=30&type=chunk) - Meeting Chairman: Mr. Edward So Kin Chung, Deswell's Chief Executive Officer, will serve as Chairman at the 2024 annual meeting[25](index=25&type=chunk) [Vote Counting and Board Recommendations](index=7&type=section&id=Vote%20Counting%20and%20Board%20Recommendations) Herman Wong will count votes; the Board recommends FOR all director nominees and FOR auditor ratification - Vote Counter: **Herman Wong**, Chief Financial Officer and Inspector of Election[32](index=32&type=chunk) - Board Recommendation (Proposal 1): **FOR** the election of directors named in the proxy statement[33](index=33&type=chunk)[34](index=34&type=chunk) - Board Recommendation (Proposal 2): **FOR** the ratification of the selection of BDO China Shu Lun Pan Certified Public Accountants LLP as Deswell's independent registered public accountants for the year ending March 31, 2025[34](index=34&type=chunk) [Voting Requirements and Broker Non-Votes](index=8&type=section&id=Voting%20Requirements%20and%20Broker%20Non-Votes) Majority vote required for proposals; abstentions count for quorum but not votes; broker non-votes count for quorum but not proposals - Vote Required (Proposal 1 & 2): Affirmative vote of a **majority of the votes cast** in person or represented by proxy at the annual meeting, if a quorum is present[36](index=36&type=chunk)[40](index=40&type=chunk) - Abstentions: For Proposal 2, abstentions will not be treated as votes cast but will be considered present for quorum purposes[36](index=36&type=chunk)[38](index=38&type=chunk) - Broker Non-Votes: Counted for quorum determination but are not considered present and entitled to vote on the specific proposal (e.g., Proposal 1, election of directors, where brokers cannot vote without instructions)[39](index=39&type=chunk)[42](index=42&type=chunk) - Broker Voting Restrictions: Brokers may not vote on Proposal 1 (election of directors) without receiving instructions from the beneficial owners[41](index=41&type=chunk) [Proposal 1: Election of Directors](index=9&type=section&id=Proposal%201%3A%20Election%20of%20Directors) [Director Nominees](index=9&type=section&id=Director%20Nominees) Five directors are elected annually; proxy holders vote for named nominees unless directed otherwise; all nominees are available - Number of Directors to be Elected: **Five**[44](index=44&type=chunk) - Term: Directors are elected annually to serve until the next annual general meeting[44](index=44&type=chunk) - Proxy Voting: Proxy holders will vote all shares represented by proxies for the election of the named nominees unless otherwise directed[45](index=45&type=chunk) - Nominee Availability: All nominees have indicated their availability and willingness to serve if elected[45](index=45&type=chunk) [Director Biographies](index=9&type=section&id=Director%20Biographies) Biographies of five director nominees, including Chairman Vivian Wai-Ming Lau and Audit Committee Chairman Allen Yau-Nam Cham - Vivian Wai-Ming Lau (45): **Chairman**, CPA, former Executive Director at PAG Consulting and Goldman Sachs, previously at Deloitte Touche Tohmatsu; Daughter of late Chairman Mr. Pui Hon Lau[48](index=48&type=chunk)[53](index=53&type=chunk) - Chin Pang Li (79): **Executive Director of Manufacturing and Administration for Plastic Operations**, served the Company since 1987, former Chief Financial Officer (1995-2006)[49](index=49&type=chunk) - Hung-Hum Leung (78): Non-executive director and Audit Committee member since December 1999, over 25 years of experience in electronic products manufacturing[50](index=50&type=chunk) - Allen Yau-Nam Cham (77): Non-executive director and Audit Committee member since August 2003, over 20 years of experience in the securities industry; Currently **Chairman of the Audit Committee** and an **"audit committee financial expert"**[51](index=51&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) - Wing-Ki Hui (80): Non-executive director and Audit Committee member since October 2004, over 20 years of experience in the electronic manufacturing industry[52](index=52&type=chunk) [Director and Executive Officer Compensation](index=10&type=section&id=Director%20and%20Executive%20Officer%20Compensation) Total compensation for directors and executive officers in FY2024 was approximately **$1,688,000** (cash benefits), with no stock options granted, and a recovery policy adopted on October 2, 2023 - Total Compensation (FY2024): Approximately **$1,688,000** paid to all directors and executive officers as a group (cash benefits)[54](index=54&type=chunk) - Stock Options Granted (FY2024): **No options** were granted to directors and officers[54](index=54&type=chunk) - Compensation Recovery Policy: Adopted on **October 2, 2023**, to recover erroneously awarded incentive-based compensation in the event of an accounting restatement due to material noncompliance with financial reporting requirements[55](index=55&type=chunk) - Outside Director Compensation: **$2,000 per month** for services, plus reimbursement for all reasonable expenses[56](index=56&type=chunk) [Board Structure and Independence](index=10&type=section&id=Board%20Structure%20and%20Independence) Three directors are independent; Audit Committee is independent; Deswell is exempt from some NASDAQ governance rules - Independent Directors: Messrs. Hung-Hum Leung, Allen Yau-Nam Cham, and Wing-Ki Hui are each **"independent"** within the meaning of NASDAQ Stock Market Rules[57](index=57&type=chunk) - Audit Committee Composition: Consists of Messrs. Hung-Hum Leung, Allen Yau-Nam Cham, and Wing-Ki Hui, all independent directors[58](index=58&type=chunk) - Audit Committee Chairman & Financial Expert: Mr. Allen Yau-Nam Cham serves as **Chairman** and is an **"audit committee financial expert"** as defined by the SEC[58](index=58&type=chunk)[59](index=59&type=chunk) - NASDAQ Compliance Exemption: As a **"controlled company,"** Deswell does not have a compensation committee or a nominating committee consisting of independent directors, nor does it have a formal written charter for nominations or independent director determination of CEO/executive compensation[60](index=60&type=chunk) [Board Diversity](index=11&type=section&id=Board%20Diversity) Deswell's Board has 5 directors (1 female, 4 male), meeting NASDAQ's diversity requirement with Vivian Wai-Ming Lau Board Diversity Matrix (As of September 30, 2024) | Category | Count | | :--- | :--- | | Total Number of Directors | 5 | | Female Directors | 1 | | Male Directors | 4 | | Non-Binary Directors | 0 | | Underrepresented Individual in Home Country Jurisdiction | 0 | | LGBTQ+ | 0 | - Diverse Director: As of March 31, 2024, **Vivian Wai-Ming Lau** was identified as one diverse director, meeting NASDAQ's requirement by December 31, 2024[63](index=63&type=chunk) - Country of Principal Executive Offices: **PRC**[63](index=63&type=chunk) [Share Ownership and Related Party Transactions](index=11&type=section&id=Share%20Ownership%20and%20Related%20Party%20Transactions) [Beneficial Ownership](index=11&type=section&id=Beneficial%20Ownership) As of June 30, 2024, **Vivian Wai-Ming Lau** holds **61.8%** of Deswell's common shares, making her the largest beneficial owner, followed by Chin Pang Li with **10.1%** Beneficial Ownership (As of June 30, 2024) | Name of beneficial owner | Shares beneficially owned | Percent | | :--- | :--- | :--- | | Wai Ming Lau | 9,841,851 | 61.8% | | Chin Pang Li | 1,625,750 | 10.1% | | Herman Wong Chi Wah | 30,000 | <1% | | Edward So Kin Chung | 50,000 | <1% | | Hung-Hum Leung | - | - | | Allen Yau-Nam Cham | - | - | | Wing-Ki Hui | - | - | - Total Shares Outstanding (June 30, 2024): **15,935,239 shares**[73](index=73&type=chunk) [Related Party Transactions](index=11&type=section&id=Related%20Party%20Transactions) Deswell had no related party transactions as specified in Form 20-F from April 1, 2019, through the Record Date - No Related Party Transactions: The Company had **no transactions** of the kind specified in Item 7.B. of Form 20-F from April 1, 2019, through the Record Date[64](index=64&type=chunk) [Proposal 2: Ratification of Independent Registered Public Accountants](index=12&type=section&id=Proposal%202%3A%20Ratification%20of%20Independent%20Registered%20Public%20Accountants) [Auditor Selection and Fees](index=12&type=section&id=Auditor%20Selection%20and%20Fees) The Board selected BDO China Shu Lun Pan Certified Public Accountants LLP as independent auditors for FY2025, recommending ratification, with audit fees increasing from **$206,000** in FY2023 to **$420,000** in FY2024 - Selected Auditor: **BDO China Shu Lun Pan Certified Public Accountants LLP** for the fiscal year ending March 31, 2025[70](index=70&type=chunk) - Prior Engagements: BDO China acted as Deswell's principal accountants for the audits of financial statements for the years ended March 31, 2023, and 2024[71](index=71&type=chunk) Aggregate Fees for Professional Services by BDO China | Category | Year ended March 31, 2023 (In thousands) | Year ended March 31, 2024 (In thousands) | | :--- | :--- | :--- | | Audit fees | $206 | $420 | | Audit-related fees | - | - | | Tax fees | - | - | | All other fees | - | - | | **Total** | **$206** | **$420** | - Audit Fee Change: Audit fees increased from **$206,000** in FY2023 to **$420,000** in FY2024[72](index=72&type=chunk) [Audit Committee Pre-approval Policies](index=13&type=section&id=Audit%20Committee%20Pre-approval%20Policies) The Audit Committee pre-approves all audit and non-audit services from independent auditors, generally for one year, with management reporting - Policy: The Audit Committee's policy is to **pre-approve all audit and permissible non-audit related services** provided by the independent auditors[77](index=77&type=chunk) - Approval Period: Pre-approval is generally provided for **up to one year** and is detailed as to the particular service or category of services[77](index=77&type=chunk) - Reporting: Management periodically reports to the Audit Committee regarding the extent of services provided and fees[77](index=77&type=chunk) - Case-by-case Approval: The Audit Committee may also pre-approve particular services on a case-by-case basis[77](index=77&type=chunk) [Other Business and Signatures](index=13&type=section&id=Other%20Business%20and%20Signatures) [Other Business](index=13&type=section&id=Other%20Business) The Board is unaware of other business; proxy holders have discretionary authority for any properly arising matters - No Other Known Business: The Board of Directors knows of **no other business** to be acted upon at the annual meeting[78](index=78&type=chunk) - Discretionary Authority: If any other matter properly comes before the annual meeting, the proxy holder will have **discretionary authority** to vote all proxies in accordance with his best judgment[78](index=78&type=chunk) [Report Signatures](index=16&type=section&id=Report%20Signatures) Edward So Kin Chung, Chief Executive Officer, signed the report on September 30, 2024, confirming compliance with the Securities Exchange Act of 1934 - Signatory: **Edward So Kin Chung**[86](index=86&type=chunk) - Title: **Chief Executive Officer**[86](index=86&type=chunk) - Date: **September 30, 2024**[86](index=86&type=chunk)
Deswell(DSWL) - 2024 Q4 - Annual Report
2024-08-09 15:36
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For August 9, 2024 Commission File Number: 001-33900 DESWELL INDUSTRIES, INC. (Registrant's name in English) 10B Edificio Associacao Industrial de Macau 32-36 Rua do Comandante Mata e Oliveira Macau Special Administrative Region, PRC (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual ...
Deswell(DSWL) - 2024 Q4 - Annual Report
2024-08-09 10:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 20-F ______________________________ British Virgin Islands Herman Wong, Chief Financial Officer, (Jurisdiction of incorporation or organization) Telephone: 853-28-322096; Fax: 853-28-323265 E-mail: hermanwong@jetcrown.net 10B, Edificio Associacao Industrial De macau 32 Rua do Comandante Mata e Oliveira, Macao Special Administrative Region, PRC (Address of Principal Executive Offices) (Name, Telephone, ...
Wai Ming Lau Elected Chairman of the Board of Directors of Deswell Industries
Businesswire· 2024-02-26 18:00
Group 1: Company Leadership - Deswell Industries, Inc. has elected Ms. Lau Wai Ming as Chairman of the Board, effective February 19, 2024 [1] - Ms. Lau was previously an Executive Director at PAG Consulting, overseeing Global Human Capital operations [1] - She has over 13 years of experience at Goldman Sachs, including serving as an Executive Director in the Finance Division [1] Group 2: Company Overview - Deswell manufactures injection-molded plastic parts, electronic products, and metallic molds for OEMs and contract manufacturers in China [2] - The company produces a variety of plastic components for consumer and industrial products, including printed circuit board assemblies and finished products like telephones and audio equipment [2]
Deswell(DSWL) - 2023 Q4 - Annual Report
2023-07-27 16:00
Company Overview - Deswell Industries, Inc. filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2023, with the SEC[2]. - The Company manufactures injection-molded plastic parts, electronic products, and subassemblies for OEMs and contract manufacturers in China[3]. - Deswell produces a variety of products including printed circuit board assemblies and finished goods such as telephones and IoT products[3].
Deswell(DSWL) - 2023 Q4 - Annual Report
2023-07-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark one) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...
Deswell(DSWL) - 2024 Q1 - Quarterly Report
2023-06-19 16:00
FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For June 20, 2023 DESWELL INDUSTRIES, INC. (Registrant's name in English) 10B Edificio Associacao Industrial de Macau 32-36 Rua do Comandante Mata e Oliveira Macau Special Administrative Region, PRC (Address of principal executive offices) Deswell Announces Second Half 2023 Results - Company Announces Second Half Cash Dividend of 0.10 Per Share ...