---
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"
generated_at: "2026-05-23T02:05:22.886380+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Magnachip CEO cuts salary 20%, CFO cuts 10% until operating income positive for 2 quarters

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-107531
- JSON: https://secwatch.observer/filing/0001193125-25-107531.json
- Plain text: https://secwatch.observer/filing/0001193125-25-107531.txt

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