Magnachip (MX) investors approve equity plan, director slate and auditor
Rhea-AI Filing Summary
Magnachip Semiconductor Corporation held its 2026 Annual Meeting of Stockholders on June 11, 2026. Stockholders approved an Amended and Restated 2020 Equity and Incentive Compensation Plan that increases by 3,000,000 the shares of common stock authorized for issuance under the plan, and executive officers are eligible to participate.
Four directors were elected to serve until the 2027 Annual Meeting. Stockholders also approved, on an advisory basis, the compensation of the named executive officers and ratified the appointment of EY Han Young as independent registered public accounting firm for the fiscal year ending December 31, 2026. A quorum was present, with 24,332,390 shares represented, or 67.18% of the 36,219,100 shares outstanding and entitled to vote as of the record date.
Positive
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8-K Event Classification
3 items: 5.02, 5.07, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Equity plan share increase: 3,000,000 shares
Shares outstanding on record date: 36,219,100 shares
Shares present at meeting: 24,332,390 shares
+4 more
7 metrics
Equity plan share increase
3,000,000 shares
Additional common stock authorized for issuance under Amended and Restated 2020 Equity and Incentive Compensation Plan
Shares outstanding on record date
36,219,100 shares
Common stock outstanding and entitled to vote as of April 21, 2026
Shares present at meeting
24,332,390 shares
Common stock present in person or by proxy at the 2026 Annual Meeting, representing 67.18% of entitled shares
Meeting quorum percentage
67.18%
Portion of outstanding shares entitled to vote that were present at the Annual Meeting
Say-on-pay votes for
14,602,034 shares
Votes in favor of named executive officer compensation on an advisory basis
Auditor ratification votes for
22,467,959 shares
Votes in favor of ratifying EY Han Young as independent registered public accounting firm for fiscal 2026
Equity plan approval votes for
13,328,072 shares
Votes in favor of the Amended and Restated 2020 Equity and Incentive Compensation Plan
Key Terms
Amended and Restated 2020 Equity and Incentive Compensation Plan, advisory vote, broker non-votes, independent registered public accounting firm, +1 more
5 terms
Amended and Restated 2020 Equity and Incentive Compensation Plan financial
"stockholders of the Company approved the Company’s Amended and Restated 2020 Equity and Incentive Compensation Plan"
advisory vote financial
"Proposal 2 – Advisory Vote on the Compensation of the Named Executive Officers"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
broker non-votes financial
"For | Against | Abstained | Broker Non-Votes 14,602,034 | 2,791,527 | 146,935 | 6,791,894"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratified the appointment of EY Han Young as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
Definitive Proxy Statement on Schedule 14A regulatory
"set forth under the caption “Proposal Four” in the Company’s Definitive Proxy Statement on Schedule 14A"
FAQ
What did Magnachip Semiconductor (MX) stockholders approve at the 2026 Annual Meeting?
Stockholders approved the Amended and Restated 2020 Equity and Incentive Compensation Plan, adding 3,000,000 shares authorized for issuance. They also elected four directors, approved executive compensation on an advisory basis, and ratified EY Han Young as independent auditor for the 2026 fiscal year.
Which directors were elected at Magnachip Semiconductor’s 2026 Annual Meeting?
Stockholders elected Camillo Martino, Gilbert Nathan, Cristiano Amoruso, and Kyo-Hwa (Liz) Chung to serve as directors until the 2027 Annual Meeting. Each director will serve until that meeting and until a successor is elected and qualified, based on the vote totals disclosed.
How did Magnachip (MX) stockholders vote on executive compensation in 2026?
On an advisory basis, 14,602,034 shares voted for the named executive officers’ compensation, 2,791,527 voted against, and 146,935 abstained. There were 6,791,894 broker non-votes, and the compensation described in the 2026 proxy materials was approved by stockholders.
Which auditor did Magnachip Semiconductor (MX) stockholders ratify for fiscal 2026?
Stockholders ratified EY Han Young as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The vote totals were 22,467,959 shares for, 1,175,489 against, and 688,942 abstaining, with no broker non-votes on this proposal.
What were the voting results for Magnachip’s amended 2020 equity plan?
For the Amended and Restated 2020 Equity and Incentive Compensation Plan, 13,328,072 shares voted for, 4,058,795 against, and 153,629 abstained. There were 6,791,894 broker non-votes. The plan increases shares of common stock authorized for issuance under the company’s equity program by 3,000,000.
AI-generated analysis. How Rhea-AI works. Not financial advice.
