secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K/A
Filed at:   2025-10-03T23:59:59+00:00
Accession:  0001193125-25-230199
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip finalizes interim CEO Martino's compensation: $387K/yr cash, 105K RSUs
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- Camillo Martino appointed interim CEO effective Aug 11, 2025; compensation finalized in Consulting and Executive Service Agreements dated Sept 30, 2025.
- Parent cash compensation: $387,504 per annum, monthly installments; plus 105,484 RSUs vesting fully on Aug 11, 2026 or upon change of control.
- Korean subsidiary Executive Service Agreement: total cash compensation of $112,500, payable monthly, contingent on work permit approval, from Nov 1, 2025 to Aug 10, 2026.
- Martino continues as Chairman of the Board but waives director compensation during the interim CEO term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312525230199/0001193125-25-230199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312525230199/d22017d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-230199

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