---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-077621"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T07:40:59.374216+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-077621
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312524077621/0001193125-24-077621-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312524077621/d819823d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-077621
- JSON: https://secwatch.observer/filing/0001193125-24-077621.json
- Plain text: https://secwatch.observer/filing/0001193125-24-077621.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312524077621/0001193125-24-077621-index.htm

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