MAGNACHIP SEMICONDUCTOR Corp 8-K

What Happened Magnachip Semiconductor Corporation announced (8-K filed Jan 20, 2026) that on January 14, 2026 the Board appointed Cristiano Amoruso as a director to serve until the 2026 Annual Meeting of Stockholders (or until his successor is duly elected or earlier removal). The company also issued a press release on January 20, 2026 announcing the appointment.

Key Details

• Appointment date: January 14, 2026; term: until the 2026 Annual Meeting of Stockholders (or earlier if applicable).
• Committee assignments: Audit Committee, Compensation Committee, and Nominating & Corporate Governance Committee.
• Director compensation (prorated under the Company’s Director Compensation Policy):
  • Equity: annual RSU grant valued at $165,000 for Board service and $10,000 for each committee.
  • Cash: quarterly retainers of $18,750 (Board), $3,750 (Audit), $2,500 (Compensation), $1,250 (Nominating & Corp. Gov).
• Related-party disclosures: No transactions since the start of the last fiscal year (and none proposed) involving Mr. Amoruso exceeding $120,000; no arrangements or understandings regarding his selection.
• Filing/Signature: 8-K filed Jan 20, 2026 and signed by CFO Shin Young Park; press release included as Exhibit 99.1.

Why It Matters A new independent director and changes in committee membership affect Magnachip’s board composition and governance oversight—important for investors tracking management oversight and risk controls. The disclosed compensation (cash plus RSUs) represents a recurring cost for the company and indicates how the board is incentivized. The filing also confirms there are no disclosed material related-party transactions with Mr. Amoruso.