secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K/A
Filed at:   2025-09-09T23:59:59+00:00
Accession:  0001193125-25-198733
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312525198733/0001193125-25-198733-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312525198733/d873929d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-198733

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer