secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001193125-23-187725
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip director Gary Tanner resigns effective July 14, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312523187725/0001193125-23-187725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312523187725/d524507d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-187725

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