LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K was filed by LG.Philips LCD Co., Ltd. (a foreign private issuer) for the month of January 2006. The report was submitted on January 12, 2006, to disclose a specific corporate governance event regarding equity compensation.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to the disclosure of a stock option cancellation and does not contain financial performance data.
Material Changes
The primary material event disclosed is the cancellation of a granted stock option due to the resignation of the grantee.
- Grantee: Bruce I. Berkoff
- Grant Date: April 7, 2005
- Shares Cancelled: 40,000 common shares
- Reason: Resignation
- Cancellation Date: January 12, 2006
Following this cancellation, the status of remaining stock options is as follows:
- Number of Grantees: 8 persons
- Total Remaining Shares: 410,000 common shares
Management Commentary and Governance
The Board of Directors resolved this matter on January 12, 2006. The resolution was attended by 4 out of 5 outside directors. The report was signed by Ron H. Wirahadiraksa, Joint Representative Director, President, and Chief Financial Officer.
Key Facts for Investor Verification
- Verify the resignation status of Bruce I. Berkoff and the impact on executive compensation plans.
- Confirm the total outstanding stock option pool (410,000 shares) across the remaining 8 grantees.
- Note that this filing contains no financial results; investors should refer to the company's Form 20-F for financial data.