secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0000950142-22-002693
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000095014222002693/0000950142-22-002693-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000095014222002693/eh220285661_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-22-002693

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer