UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
June 25, 2009
AMKOR TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 000-29472 | 23-1722724 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
1900 SOUTH PRICE ROAD
CHANDLER, AZ 85286
(Address of Principal Executive Offices, including Zip Code)
CHANDLER, AZ 85286
(Address of Principal Executive Offices, including Zip Code)
(480) 821-5000
(Registrant’s telephone number, including area code)
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02.
|
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c)(d) On June 25, 2009, the Board of Directors approved a succession plan for senior
management. Under the plan, effective October 1, 2009, James Kim, the Founder, Chairman and Chief
Executive Officer of the Company, will become Executive Chairman of the Board of Directors and Ken
Joyce, the Company’s President and Chief Operating Officer, will become Chief Executive Officer and
President. Mr. Joyce will also join the Company’s Board at
that time. The size of the Board was increased from seven to eight
directors, effective October 1, 2009.
Mr. Joyce, 62, joined Amkor in 1997 and was Executive Vice President and Chief Financial Officer
for more than eight years before becoming Chief Administrative Officer in November 2007, Chief
Operating Officer in February 2008 and President in May 2008.
Additional information regarding the foregoing is contained in the press release attached hereto as
Exhibit 99.1.
Item 5.03.
|
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
(a) On June 25, 2009, the Board of Directors adopted an amendment to the Company’s Restated Bylaws (“Bylaws”), effective as of the same date. The amendment adds a provision to
Section 2.7 of the Bylaws granting the Board discretion to designate an Executive Chairman.
The text of the amendment to the Company’s Bylaws is attached hereto as Exhibit 3.1.
Item 9.01.
|
Financial Statements and Exhibits. |
(d) Exhibits.
3.1
|
Text of amendment to the Company’s Bylaws, which is filed herewith. | |
99.1
|
Text of Press Release dated June 29, 2009, which is filed herewith. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMKOR TECHNOLOGY, INC. |
||||
| By: | /s/ Gil C. Tily | |||
| Gil C. Tily | ||||
| Executive Vice President and Chief Administrative Officer | ||||
Date: June 29, 2009
EXHIBIT INDEX:
| Exhibit | Description | |
3.1
|
Text of amendment to the Company’s Bylaws | |
99.1
|
Text of Press Release dated June 29, 2009 |
Exhibit 3.1
Exhibit 3.1 — Text of amendment to the Company’s Bylaws
Insert the following as a new provision under Article 2.7:
“The corporation may have, at the discretion of the Board of Directors, an Executive Chairman of
the Board. The Executive Chairman shall, if one is designated by the Board of Directors and if
present, preside at all meetings of the stockholders and of the Board of Directors, assist the
directors and the senior officers of the corporation in the formulation of the strategy and
policies of the corporation, shall be available to the officers for consultation and advice, and
exercise and perform such other powers and duties as may be from time to time assigned by the Board
of Directors. The Executive Chairman, if so designated by the Board, shall not be considered an
officer of the corporation.”
Exhibit 99.1
News Release
[Logo]
[Logo]
Amkor Announces Management Succession Plan
James Kim to Become Executive Chairman and Ken Joyce Appointed as Chief Executive Officer Effective
October 1, 2009
Chandler,
Ariz., June 29, 2009 — Amkor Technology, Inc. (NASDAQ: AMKR) today announced a succession
plan for senior management. Under the plan, James Kim, Founder, Chairman and Chief Executive
Officer of the company, will become Executive Chairman of the Board of Directors and Ken Joyce, the
company’s President and Chief Operating Officer, will become Chief Executive Officer and President
effective October 1, 2009. Mr. Joyce will also join the Board at that time.
“As Executive Chairman, I will play an active leadership role at Amkor, collaborating with Ken on
the strategic direction for the company and key external relationships,” said Kim. “I have great
confidence in Ken and believe this is the right time to make this transition as we continue the
succession planning begun more than a year ago when Ken became President and COO.”
“I am honored by the trust that has been placed in me by Jim and the Board,” added Joyce.
“Jim and I have worked closely together for more than 12 years and we are fortunate that Jim will
stay involved in our business so that we can continue to benefit from Jim’s 40 years of experience
in our industry.”
Mr. Joyce, 62, joined Amkor in 1997 and was Executive Vice President and Chief Financial Officer for more than eight
years before becoming Chief Administrative Officer in November 2007, Chief Operating Officer in
February 2008 and President in May 2008. Prior to joining Amkor, from 1992 to 1997, he served as
CFO of Selas Fluid Processing Corporation, a wholly-owned subsidiary of Linde
AG, Munich, Germany. Mr. Joyce is also a former Vice President,
Finance and CFO of Selas Corporation of America. Mr. Joyce joined Selas Corporation of America in 1981
holding various senior finance positions and was promoted to CFO in 1984.
About Amkor
Amkor is a leading provider of semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronics design and manufacturing services. More information on Amkor is available from the company’s SEC filings and on Amkor’s website: www.amkor.com.
Amkor is a leading provider of semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronics design and manufacturing services. More information on Amkor is available from the company’s SEC filings and on Amkor’s website: www.amkor.com.
Contact:
Joanne Solomon
Corporate Vice President & CFO
480-821-5000 ext. 5416
jsolo@amkor.com
Joanne Solomon
Corporate Vice President & CFO
480-821-5000 ext. 5416
jsolo@amkor.com