---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-187725"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:30:58.397268+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Magnachip director Gary Tanner resigns effective July 14, 2023

## Summary
- Gary Tanner resigned from Magnachip's board effective July 14, 2023, for personal reasons; no disagreement with company over financial reporting, operations, or policies.
- Tanner served as chair of Risk Committee and member of Audit, Compensation, and Strategic Review Committees; joined board in August 2015.
- Company will immediately begin search for a new independent director to replace Tanner.
- Chairman Camillo Martino and CEO YJ Kim thanked Tanner for his eight years of service and contributions.

## SEC filing metadata
- accession: 0001193125-23-187725
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312523187725/0001193125-23-187725-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312523187725/d524507d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-187725
- JSON: https://secwatch.observer/filing/0001193125-23-187725.json
- Plain text: https://secwatch.observer/filing/0001193125-23-187725.txt

## Key facts
- Executive change
  Gary Tanner resigned as Director at MAGNACHIP SEMICONDUCTOR Corp.
  - Action: resigned
  - Role: Director
  source text: On July 17, 2023, Magnachip Semiconductor Corporation (the “Company”) announced that Mr. Gary Tanner has notified the Company of his intention to resign from the Company’s board of directors (the “Board”), which resignation was accepted by the Board and effective as of July 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312523187725/0001193125-23-187725-index.htm

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