UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM 8-K
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On December 11, 2023, Amkor Technology, Inc. (the “Company”) determined to make a change in the Company’s manufacturing leadership. Sung (Steve) Shin, Executive Vice President, Worldwide Manufacturing, will leave Amkor on December 15, 2023, and JinAn Lee will lead manufacturing starting December 15, 2023.
Mr. Shin entered into a separation and release agreement with the Company’s subsidiary, Amkor Technology Korea, Inc. effective December 15, 2023. The agreement provides for Mr. Shin to receive a lump sum payment of KRW 441.7 million (approximately USD 342,000). Under the agreement, Mr. Shin is also entitled to his accrued and unpaid base salary through December 15, 2023, any unreimbursed expenses, any accrued but unused vacation pay and all payments to which he is entitled under any applicable employee benefit plan. Mr. Shin’s equity awards will be treated in accordance with the terms of the applicable award agreements. The agreement and release also contains confidentiality, non-competition, non-solicitation, and other customary provisions and includes a release of claims by Mr. Shin.
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: December 15, 2023