{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-107531","form_type":"8-K","ticker":"MX","cik":"0001325702","company_name":"MAGNACHIP SEMICONDUCTOR Corp","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.923190+00:00","generated_at":"2026-05-23T02:05:22.886380+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Magnachip CEO cuts salary 20%, CFO cuts 10% until operating income positive for 2 quarters","bullets":["CEO Young-Joon Kim reduces annual base salary by 20% effective April 1, 2025 until operating income >$0 for two consecutive fiscal quarters.","CFO Shin Young Park reduces annual base salary by 10% under same condition; salary reverts on change of control or profitability.","CFO also gets raise to $360k (from $350k) in amended agreement and enhanced severance during change-of-control periods.","CEO and CFO salary reductions are voluntary; original salary used for bonus and severance calculations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-107531","json":"https://secwatch.observer/filing/0001193125-25-107531.json","markdown":"https://secwatch.observer/filing/0001193125-25-107531.md","text":"https://secwatch.observer/filing/0001193125-25-107531.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1325702/000119312525107531/0001193125-25-107531-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1325702/000119312525107531/d926180d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T02:05:22.886380+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}