Magnachip Semiconductor Corp N SEC Filings

Magnachip Semiconductor Corp (MX) reported a Form 4 showing a director acquired 6,320 shares of common stock on 11/15/2025 at a price of $0.00 per share. After this transaction, the director beneficially owns 213,013 shares directly, plus additional indirect holdings of common stock through GT Investments II Corp, a spouse, and children.

Magnachip Semiconductor (MX) reported Q3 2025 results as it transitions to a pure-play Power business. Revenue was $45.946M, all from Power solutions, with gross profit of $8.541M. Operating loss widened to $11.538M and net loss was $13.090M. Discontinued operations from the Display business contributed an additional $2.481M loss.

Cash and cash equivalents were $108.005M at September 30, 2025. Year-to-date operating cash flow was $(29.639)M, reflecting losses, inventory build and severance payments. Long-term borrowings rose to $38.935M, including CAPEX loans of $10.408M maturing in 2035.

The Board approved shutting down the Display business; management expects about $20M of cash inflow over roughly two years from EOL product sales and IP monetization, against total liquidation costs of $12–$15M, including $6.5M severance already paid and $6.5M contract termination charges to be paid over remaining terms. One customer represented 32.6% of Q3 Power sales. The company repurchased 1,093,748 shares for $3.6M year-to-date. Shares outstanding were 35,981,823 as of October 31, 2025.

Magnachip Semiconductor Corporation furnished financial information for the third quarter ended September 30, 2025. The company submitted a press release dated November 3, 2025 as Exhibit 99.1, providing results for the quarter.

The disclosure under Item 2.02, including Exhibit 99.1, is being furnished and is not deemed “filed” under the Exchange Act, nor incorporated by reference under the Securities Act except as specifically referenced.

Camillo Martino, identified as a Director and an Officer (listed as Chairman and CEO in remarks), reported an insider grant on 10/01/2025. The Form 4 shows an award of 105,484 restricted stock units (RSUs) granted with a reported price of $0.00, increasing his direct beneficial ownership to 364,611 shares. The RSUs vest in full on the earlier of August 11, 2026 or a Change of Control as defined under the company plan. The filing also discloses 40,000 shares held indirectly by trust. The form is signed and dated 10/03/2025.

Magnachip Semiconductor appointed Camillo Martino as Interim Chief Executive Officer on August 11, 2025. Mr. Martino, age 63, has served as non-executive Chairman since June 2020 and as a director since August 2016; he will continue as Chair but has stepped down from the Audit, Compensation and Nominating and Corporate Governance Committees. The prior CEO, Young-Joon Kim, resigned as Chief Executive Officer on August 11, 2025 and from the Board on August 8, 2025 and will remain the liquidator of Magnachip Mixed-Signal, Ltd. until its liquidation is complete. Under a Separation Agreement, the company agreed to pay Mr. Kim cash severance equal to twenty-four times his monthly base salary, payable ratably over 24 months with the first payment due two months after separation, plus any earned prorated 2025 bonus; outstanding unvested equity awards will be treated as if the separation were a termination without cause for purposes of the applicable equity plans. The Separation Benefits are contingent on execution and non-revocation of a release and compliance with confidentiality and other agreements. The Separation Agreement is filed as Exhibit 10.1 and a related press release is furnished as Exhibit 99.1.