Magnachip Semiconductor Co-General Manager Chan Ho Park Resigns, Enters Separation Agreement

MAGNACHIP SEMICONDUCTOR Corp

Chan Ho Park resigned as Co-General Manager of Power Analog Solutions, effective April 30, 2024.
Company entered a separation agreement providing cash severance equal to six months base salary, paid in installments starting July 2024.
Unvested equity awards will be treated as termination without cause under the equity plan.
Severance is contingent on execution of release of claims and compliance with confidentiality and non-compete covenants.

item 5.02 item 9.01

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Departed

Chan Ho Park

Co-General Manager of Power Analog Solutions

MX · MAGNACHIP SEMICONDUCTOR Corp

Effective: 2024-04-30
Filed: March 26, 2024, 7:59 PM ET

On March 22, 2024, Chan Ho Park, Co-General Manager of Power Analog Solutions of Magnachip Semiconductor Corporation (the “Company”), resigned from such position, to be effective at the end of the day on April 30, 2024.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Chan Ho Park resigned as Co-General Manager of Power Analog Solutions at MAGNACHIP SEMICONDUCTOR Corp.

Action: resigned
Role: Co-General Manager of Power Analog Solutions

Exact text from the filing

On March 22, 2024, Chan Ho Park, Co-General Manager of Power Analog Solutions of Magnachip Semiconductor Corporation (the “Company”), resigned from such position, to be effective at the end of the day on April 30, 2024.

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Source: SEC EDGAR

accession 0001193125-24-077621

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