AGM/EGMJun 17, 2026, 06:36 AM
Magnachip Stockholders Approve 3M Share Increase for Equity Plan
AI Summary
Magnachip Semiconductor Corporation announced the results of its 2026 Annual Meeting of Stockholders held on June 11, 2026. Key approvals included the Amended and Restated 2020 Equity and Incentive Compensation Plan, which increases authorized shares for issuance by 3,000,000. Stockholders also elected four directors, approved the advisory vote on executive compensation, and ratified the appointment of EY Han Young as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
Key Highlights
- Stockholders approved an increase of 3,000,000 shares for the Amended and Restated 2020 Equity and Incentive Compensation Plan.
- The Annual Meeting was held on June 11, 2026, with 67.18% of outstanding shares present.
- Four directors were elected to serve until the 2027 Annual Meeting.
- Stockholders approved, on an advisory basis, the compensation of named executive officers with 14,602,034 votes For.
- The appointment of EY Han Young as the independent auditor for 2026 was ratified with 22,467,959 votes For.
- The Amended and Restated 2020 Equity and Incentive Compensation Plan was approved with 13,328,072 votes For.
Price Impact
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