---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-189946"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:17:59.921367+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-189946
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312524189946/0001193125-24-189946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312524189946/d850962d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-189946
- JSON: https://secwatch.observer/filing/0001193125-24-189946.json
- Plain text: https://secwatch.observer/filing/0001193125-24-189946.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312524189946/0001193125-24-189946-index.htm

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