secwatch.observer — SEC 8-K summary
======================================

Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2022-01-03T23:59:59+00:00
Accession:  0001193125-22-000616
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip names Shinyoung Park as CFO, effective Jan 1, 2022, succeeding Young Soo Woo
--------------------------------------------------------------------------------

- Young Soo Woo resigned as CFO effective Dec 31, 2021; not due to disagreement.
- Shinyoung Park, previously CAO, appointed CFO effective Jan 1, 2022.
- Separation agreement with Woo includes 6 months base salary severance and unvested equity award treatment.
- Park joined Magnachip in 2014, served as CAO since March 2020, previously Corporate Controller.
- CEO YJ Kim commented on Park's appointment and thanked Woo for his contributions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522000616/0001193125-22-000616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312522000616/d280990d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-000616

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