leadership
confidence high
sentiment neutral
materiality 0.40
Amkor enters severance agreements with CEO and three EVPs; enhanced CIC terms
AMKOR TECHNOLOGY, INC.
- CEO Giel Rutten gets 18-month base salary + target bonus continuation on non-cause or good-reason termination.
- EVP Megan Faust, Farshad Haghighi, Mark Rogers get 12-month continuation on non-cause termination.
- On change of control, CEO gets 2x (EVPs 1.5x) lump sum of base + target bonus; full equity vesting.
- Severance requires release of claims, non-compete, non-solicit, non-disparagement, confidentiality.
- Agreements effective November 15, 2022; no current departures announced.