---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-22-002693"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2022-09-13T23:59:59+00:00"
generated_at: "2026-06-23T09:56:53.654418+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Magnachip expands share repurchase program by $12.5M to $87.5M total

## Summary
- Board authorized expanding stock repurchase program from $75M to $87.5M of common stock.
- Company has already repurchased $37.5M; remaining $50M will be bought in open market or private transactions.
- Established a Rule 10b5-1 trading plan in connection with the repurchase program.
- Timing and number of shares to be repurchased depend on market conditions and other factors.

## SEC filing metadata
- accession: 0000950142-22-002693
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2022-09-13T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000095014222002693/0000950142-22-002693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000095014222002693/eh220285661_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-22-002693
- JSON: https://secwatch.observer/filing/0000950142-22-002693.json
- Plain text: https://secwatch.observer/filing/0000950142-22-002693.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.