secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0001140361-23-026157
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 1.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip appoints Gilbert Nathan to board, increases size to 7
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000114036123026157/0001140361-23-026157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000114036123026157/brhc20053376_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-026157

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