Business Context and Reporting Period
This Form 6-K filing by ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) is dated June 28, 2019. The company is an industry-leading provider of outsourced semiconductor assembly and test services (OSAT) with facilities in Taiwan. The filing primarily announces the submission of a dividend distribution form to NASDAQ following shareholder approval at the Annual General Meeting on June 10, 2019.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the reporting period. The only specific financial metric disclosed is the proposed cash dividend of NT$1.2 per common share, which is approximately US$0.77 per American Depositary Share (ADS).
Material Changes
The filing does not report material changes in financial performance compared to prior periods. The primary material event is the formalization of the cash dividend distribution previously proposed by the Board on March 7, 2019, and subsequently approved by shareholders.
Guidance, Outlook, and Management Commentary
Chairman and President S.J. Cheng stated that the distribution reflects the company's track record of building value for investors. He highlighted that successful business execution and cash flow generation have positioned ChipMOS with a strong balance sheet to support current and long-term growth drivers. The filing includes standard forward-looking statement disclaimers regarding risks and uncertainties that could cause actual results to differ from projections.
Important Facts for Investors to Verify
- Dividend Amount: Approximately US$0.77 per ADS (NT$1.2 per share), subject to conversion rates and fees.
- Ex-Dividend Date: August 7, 2019.
- Record Date: August 8, 2019.
- Payment Timing: Distribution date to be determined by Citibank NA after receiving funds on August 30, 2019.
- Book Closure: ADR books will be closed from August 6, 2019, to August 13, 2019.
- Final USD Amount: The exact dollar amount will be determined after currency conversion and deduction of taxes/fees by the depositary.