LG.Philips LCD Co., Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on January 15, 2008, reports on resolutions passed by the Board of Directors of LG.Philips LCD Co., Ltd. (NYSE: LPL) regarding the convening of the 23rd Annual General Meeting of Shareholders for the fiscal year ended December 31, 2007. The meeting is scheduled for February 29, 2008.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the fiscal year 2007. The primary financial disclosure relates to the proposed cash dividend:
- Total Cash Dividend Amount: KRW 268,361,775,000
- Dividend per Common Share: KRW 750
- Market Dividend Rate: 1.6%
- Record Date: December 31, 2007
Material Changes and Corporate Actions
The Board approved the appointment of new directors and audit committee members, alongside the reappointment of one director. Notable new appointments include executives from LG Electronics, Philips, Sony, and legal/industry backgrounds. The filing notes that the dividend is subject to change based on independent auditor results and shareholder approval.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on market outlook, or specific risk factors. The primary contingency noted is that the proposed cash dividend is subject to the final audit results and formal approval at the Annual General Meeting.
Investor Verification Checklist
- Confirm shareholder approval of the KRW 750 per share dividend at the February 29, 2008 meeting.
- Verify the final audited financial statements for fiscal year 2007 to confirm the dividend amount.
- Monitor the official appointment of the new Board of Directors and Audit Committee members.
- Check for subsequent filings regarding the actual payment date of the dividend (expected within one month of the AGM).