UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(b)
On September 6, 2023, Magnachip Semiconductor Corporation (the “Company”) announced that Mr. Melvin Keating has notified the Company of his intention to resign from the Company’s board of directors (the “Board”), which resignation was accepted by the Board and effective as of September 5, 2023. At the time of his resignation, Mr. Keating served on the Company’s Audit Committee (Chair). Mr. Keating’s decision to resign from the Board is not due to any disagreement with the Company over any of its financial reporting, operations, policies or practices.
On September 5, 2023, the Board appointed Mr. Gilbert Nathan as the Chair of the Audit Committee and Dr. Ilbok Lee as a member of the Audit Committee, effective immediately.
| Item 9.01. | Financial Statements and Exhibits |
| (d) | Exhibits |
The following exhibit is furnished as part of this report:
| Exhibit No. |
Description | |
| 99.1 | Press Release issued by the Company on September 6, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MAGNACHIP SEMICONDUCTOR CORPORATION | ||||||
| Dated: September 6, 2023 | By: | /s/ Theodore Kim | ||||
| Theodore Kim | ||||||
| Chief Compliance Officer, General Counsel and Secretary | ||||||