Magnachip appoints Chae Lee as CEO effective July 1, 2026; Martino remains Chairman

MAGNACHIP SEMICONDUCTOR Corp

Chae Lee appointed CEO, effective July 1, 2026; succeeds Camillo Martino who continues as Chairman.
Lee's compensation: $560,000 base salary, target bonus 100% of base (up to 200%), initial equity award of 875,000 shares (RSUs, PSUs, options) with four-year vesting.
Martino's interim CEO role ends; receives lump sum payment equal to 30 days fees and acceleration of 105,484 RSUs.
Lee previously CEO of Tagore Technology, senior roles at NXP and Maxim; brings 30+ years semiconductor experience.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Chae Lee

Chief Executive Officer

MX · MAGNACHIP SEMICONDUCTOR Corp

Effective: 2026-07-01
Filed: June 30, 2026, 6:10 AM ET

appointed Chae Lee to serve as the Company’s Chief Executive Officer and as its principal executive officer, effective July 1, 2026.

Appointed

Chae Lee

Director

MX · MAGNACHIP SEMICONDUCTOR Corp

Effective: 2026-07-01
Filed: June 30, 2026, 6:10 AM ET

appointed Mr. Lee as a director effective July 1, 2026

Role change

Camillo Martino

Interim Chief Executive Officer

MX · MAGNACHIP SEMICONDUCTOR Corp

Effective: 2026-07-01
Successor: Chae Lee
Filed: June 30, 2026, 6:10 AM ET

Camillo Martino resigned from his position as Interim Chief Executive Officer of the Company as of the effective date of Mr. Lee’s appointment

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Chae Lee was appointed as Chief Executive Officer at MAGNACHIP SEMICONDUCTOR Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Chae Lee to serve as the Company’s Chief Executive Officer and as its principal executive officer, effective July 1, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Chae Lee was appointed as Director at MAGNACHIP SEMICONDUCTOR Corp.

Action: appointed
Role: Director

Exact text from the filing

appointed Mr. Lee as a director effective July 1, 2026

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Camillo Martino resigned as Interim Chief Executive Officer at MAGNACHIP SEMICONDUCTOR Corp.

Action: resigned
Role: Interim Chief Executive Officer

Exact text from the filing

Camillo Martino resigned from his position as Interim Chief Executive Officer of the Company as of the effective date of Mr. Lee’s appointment

View on SEC.gov

MAGNACHIP SEMICONDUCTOR Corp filing history →

Source: SEC EDGAR

accession 0001193125-26-289285

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