UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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(480 ) 821-5000
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EXPLANATORY NOTE
This Amendment to the Current Report on Form 8-K filed by Amkor Technology, Inc. (the “Company”) on September 17, 2021 (the “Original Report”) is being filed to provide information regarding the Separation and Release Agreement entered into between John C. Stone and the Company on September 27, 2021 (the “Agreement”) that was not available at the time that the Original Report was filed. The information previously reported in the Original Report is incorporated herein by reference.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
As previously disclosed, on September 14, 2021, John C. Stone informed the Company that he intends to retire on March 31, 2022 (the “Retirement Date”).
On September 27, 2021, the Company and Mr. Stone finalized the terms of the Agreement. Under the Agreement, Mr. Stone will receive: (i) continued base salary for a period of 15 months after the Retirement Date; (ii) a pro rata bonus for 2022 under the Amkor Technology, Inc. Amended and Restated Executive Incentive Bonus Plan (the “Bonus Plan”), if earned, when payments are made to participants generally under the Bonus Plan; (iii) costs of outplacement services for up to six months; and (iv) a subsidy for 15 months of COBRA continuation coverage under the Company’s group health insurance plan after the Retirement Date. Mr. Stone’s vested and unvested stock options and unvested shares of time-based restricted stock and performance-vested restricted stock will be treated in accordance with the terms of the applicable award agreements. The Agreement also contains a general release by Mr. Stone and confidentiality, non-competition, non-solicitation, non-disparagement, and other customary provisions.
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/ Mark N. Rogers | |||||||||||||
| Mark N. Rogers | ||||||||||||||
| Executive Vice President, General Counsel and Corporate Secretary | ||||||||||||||
Date: September 28, 2021