Magnachip EVP & GM of Mixed-Signal Solutions resigns; enters consulting agreement

MAGNACHIP SEMICONDUCTOR Corp

Woungmoo Lee resigned as EVP and GM of Mixed-Signal Solutions effective July 31, 2024.
Severance includes 12 months' base salary paid over 12 months plus prorated 2024 bonus.
Unvested equity awards treated as termination without Cause per equity plan.
Entered 11-month consulting agreement with MMS at ~$9,384/month for strategic guidance.

item 5.02 item 9.01

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Departed

Woungmoo Lee

Executive Vice President and General Manager of Mixed-Signal Solutions

MX · MAGNACHIP SEMICONDUCTOR Corp

Effective: 2024-07-31
Filed: July 31, 2024, 7:59 PM ET

On July 29, 2024, Woungmoo Lee resigned from his position as Executive Vice President and General Manager of Mixed-Signal Solutions of Magnachip Semiconductor Corporation (the “Company”), to be effective as of 11:59 p.m. (Korea Time) on July 31, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Woungmoo Lee resigned as Executive Vice President and General Manager of Mixed-Signal Solutions at MAGNACHIP SEMICONDUCTOR Corp.

Action: resigned
Role: Executive Vice President and General Manager of Mixed-Signal Solutions

Exact text from the filing

On July 29, 2024, Woungmoo Lee resigned from his position as Executive Vice President and General Manager of Mixed-Signal Solutions of Magnachip Semiconductor Corporation (the “Company”), to be effective as of 11:59 p.m. (Korea Time) on July 31, 2024.

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Source: SEC EDGAR

accession 0001193125-24-189946

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