secwatch.observer — SEC 8-K summary
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Issuer:     MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK:        0001325702
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001193125-26-015926
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnachip appoints Cristiano Amoruso as independent director effective Jan 14, 2026
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- Mr. Amoruso joins Audit, Compensation, and Nominating & Corporate Governance committees.
- Compensation: annual RSU grant $165,000 for Board, $10,000 per committee; quarterly cash retainers of $18,750 (Board), $3,750 (Audit), $2,500 (Compensation), $1,250 (Nominating).
- He is Co-Founder and CIO of Byreforge LLC and also serves on Navitas Semiconductor's board.
- No transactions with the Company exceeding $120,000 in the past year; no arrangement exists for his selection.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1325702/000119312526015926/0001193125-26-015926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1325702/000119312526015926/d75112d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-015926

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