---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-289285"
form_type: "8-K"
ticker: "MX"
cik: "0001325702"
company_name: "MAGNACHIP SEMICONDUCTOR Corp"
filed_at: "2026-06-30T10:10:02+00:00"
generated_at: "2026-06-30T10:15:08.136031+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-289285
- form_type: 8-K
- ticker: MX
- cik: 0001325702
- company_name: MAGNACHIP SEMICONDUCTOR Corp
- filed_at: 2026-06-30T10:10:02+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1325702/000119312526289285/0001193125-26-289285-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1325702/000119312526289285/mx-20260630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-289285
- JSON: https://secwatch.observer/filing/0001193125-26-289285.json
- Plain text: https://secwatch.observer/filing/0001193125-26-289285.txt

## Key facts
- Executive change
  Chae Lee was appointed as Chief Executive Officer at MAGNACHIP SEMICONDUCTOR Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: appointed Chae Lee to serve as the Company’s Chief Executive Officer and as its principal executive officer, effective July 1, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312526289285/0001193125-26-289285-index.htm
- Executive change
  Chae Lee was appointed as Director at MAGNACHIP SEMICONDUCTOR Corp.
  - Action: appointed
  - Role: Director
  source text: appointed Mr. Lee as a director effective July 1, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312526289285/0001193125-26-289285-index.htm
- Executive change
  Camillo Martino resigned as Interim Chief Executive Officer at MAGNACHIP SEMICONDUCTOR Corp.
  - Action: resigned
  - Role: Interim Chief Executive Officer
  source text: Camillo Martino resigned from his position as Interim Chief Executive Officer of the Company as of the effective date of Mr. Lee’s appointment
  evidence_url: https://www.sec.gov/Archives/edgar/data/1325702/000119312526289285/0001193125-26-289285-index.htm

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