Magnachip finalizes separation of CCO/GC Theodore Kim; 12-month salary severance

MAGNACHIP SEMICONDUCTOR Corp

Theodore Kim resigns as Chief Compliance Officer, General Counsel, and Secretary effective Sept 9, 2025; employment ends Oct 21, 2025.
Severance includes 12 months base salary paid ratably over 12 months after Separation Date, plus prorated 2025 annual bonus.
Unvested equity awards treated as termination without cause; options exercisable until expiration.
Expatriate benefits (housing, insurance, tax equalization) continued through Feb 2026.

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