Business Context and Reporting Period
This Form 8-K reports on the 2013 Annual Meeting of Stockholders held by MagnaChip Semiconductor Corporation on May 29, 2013. The record date for the meeting was April 11, 2013, with 35,408,654 shares of common stock outstanding and entitled to vote.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting results.
Material Changes and Voting Results
Shareholder participation was high, with 31,650,450 shares (89.4% of outstanding shares) present in person or by proxy. Two proposals were submitted and approved:
- Proposal 1: Election of Directors
- Randal Klein: Elected with 24,580,653 votes For, 1,429,234 Withheld, and 5,640,563 Broker Non-Votes.
- Nader Tavakoli: Elected with 25,445,485 votes For, 564,402 Withheld, and 5,640,563 Broker Non-Votes.
- Proposal 2: Ratification of Auditors
- Samil PricewaterhouseCoopers was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2013.
- Voting results: 31,401,857 For, 155,416 Against, and 93,177 Abstained. There were no broker non-votes.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Confirmation of the election of Randal Klein and Nader Tavakoli as Class II directors for a three-year term.
- Verification of Samil PricewaterhouseCoopers as the appointed auditor for the 2013 fiscal year.
- High shareholder engagement rate of 89.4% at the annual meeting.