MAGNACHIP SEMICONDUCTOR Corp 8-K

What Happened
Magnachip Semiconductor Corporation (MX) filed a Form 8-K on January 14, 2026 reporting that director Dr. Ilbok Lee notified the company on January 13, 2026 that he will retire and resign from the Board of Directors, including all committee positions, effective at the Board’s next scheduled meeting on January 14, 2026. The filing states Dr. Lee’s retirement is for personal reasons and was not due to any disagreement with the company’s operations, policies or practices.

Key Details

• Filing: Form 8-K filed January 14, 2026 (Item 5.02: Departure of Directors).
• Resignation notice given: January 13, 2026; effective at Board meeting on January 14, 2026.
• Scope: Resignation includes all Board committee positions held by Dr. Lee.
• Reason: Described as retirement for personal reasons; explicitly not the result of any disagreement with the company.

Why It Matters
A board member’s departure affects corporate governance and may change committee membership or board dynamics. For investors, the immediate items to watch are any announcement of a replacement director, updates to committee assignments, and disclosures about how the board will maintain oversight. The company’s filing notes no disagreement with management, which suggests this is a routine retirement rather than a governance dispute.