---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-177958"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:15:22.938892+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Magnachip CEO YJ Kim steps down; Chairman Camillo Martino named interim; CAPEX cut 50%+

## Summary
- CEO YJ Kim resigned effective Aug 11, 2025; Chairman Camillo Martino appointed interim CEO.
- Separation agreement: 24-month base salary severance; Kim remains liquidator of Magnachip Mixed-Signal, Ltd.
- CAPEX forecast reduced from $65-70M to $30-35M through 2027; net cash outlay expected $12-13M.
- Targeting $2-3M annual cost savings from headcount reduction in shared corporate functions.
- Board to review strategic alternatives including potential sale; focus on pure-play power semiconductor transition.

## SEC filing metadata
- accession: 0001193125-25-177958
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312525177958/0001193125-25-177958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312525177958/d49163d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-177958
- JSON: https://secwatch.observer/filing/0001193125-25-177958.json
- Plain text: https://secwatch.observer/filing/0001193125-25-177958.txt

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