---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-198733"
form_type: "8-K/A"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:14:29.553232+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-198733
- form_type: 8-K/A
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312525198733/0001193125-25-198733-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312525198733/d873929d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-198733
- JSON: https://secwatch.observer/filing/0001193125-25-198733.json
- Plain text: https://secwatch.observer/filing/0001193125-25-198733.txt

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