Business Context and Reporting Period
This Form 6-K filing by ChipMOS TECHNOLOGIES INC. (Nasdaq: IMOS; TSE: 8150) covers the period of May 2024, with the report dated May 24, 2024. The filing discloses a material change in corporate governance regarding the resignation of an independent director.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of a corporate event rather than a financial results announcement.
Material Changes
- Director Resignation: Ms. Hui-Fen Chan resigned as an independent director, audit committee member, and nomination committee member for personal reasons.
- Effective Date: The resignation became effective on May 25, 2024.
- Turnover Rate: The turnover rate for same-term directors is 1 out of 9, and for same-term independent directors, it is 1 out of 5.
- Board Composition: The Company retains four other independent directors to continue executing duties.
Outlook, Risks, and Management Commentary
Management states that the operations of the board of directors, audit committee, and nomination committee will not be affected by this resignation. The Company has scheduled the re-election of all directors at its Annual Shareholder's Meeting on May 30, 2024, as the terms of the current independent directors are expiring.
Key Facts for Investor Verification
- Verify the appointment of a replacement independent director at the Annual Shareholder's Meeting on May 30, 2024.
- Confirm that the audit and nomination committees maintain a quorum with the remaining four independent directors.
- Review the upcoming Annual Shareholder's Meeting materials for the full slate of director nominees.