---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-026157"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2023-05-23T23:59:59+00:00"
generated_at: "2026-06-14T17:08:08.308212+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Magnachip appoints Gilbert Nathan to board, increases size to 7

## Summary
- Board increased to seven members; Gilbert Nathan appointed effective May 19, 2023.
- Nathan will serve until 2024 annual meeting, named to Strategic Review Committee.
- Compensation: $165,000 annual RSU grant (vests 1yr or next meeting) and $18,750 quarterly cash retainer.
- Company entered into standard indemnification agreement with Nathan; no material transactions.

## SEC filing metadata
- accession: 0001140361-23-026157
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2023-05-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000114036123026157/0001140361-23-026157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000114036123026157/brhc20053376_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-026157
- JSON: https://secwatch.observer/filing/0001140361-23-026157.json
- Plain text: https://secwatch.observer/filing/0001140361-23-026157.txt

## Key facts
- Executive change
  Gilbert Nathan was appointed as Director at MAGNACHIP SEMICONDUCTOR Corp.
  - Action: appointed
  - Role: Director
  source text: appointed Gilbert Nathan as a director of the Company to serve until the 2024 Annual Meeting of Stockholders or until his successor has been duly elected and qualified, or until his earlier death, resignation, retirement, disqualification or removal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000114036123026157/0001140361-23-026157-index.htm

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