Business Context and Reporting Period
This Form 6-K filing by LG.Philips LCD Co., Ltd. (NYSE: LPL) was submitted on January 16, 2007. The document announces the Board of Directors' resolution to convene the 22nd Annual General Meeting of Shareholders for the fiscal year 2006.
Financial Metrics
The filing text does not provide specific financial values for revenue, profit, cash flow, margins, debt, or liquidity. The document serves as a procedural notice regarding the upcoming shareholder meeting where the 2006 non-consolidated financial statements will be presented for approval.
Material Changes
No material financial changes or operational updates are detailed in this filing. The primary content concerns corporate governance actions, specifically the scheduling of the annual meeting and the nomination of directors.
Guidance, Outlook, and Corporate Actions
Annual General Meeting Details:
- Date: February 28, 2007, at 10:00 A.M.
- Venue: Auditorium of the A building, LG.Philips LCD Paju Display Cluster, Paju-si, Gyeonggi-do, Korea.
- Agenda Items for Approval: Non-consolidated financial statements for 2006, amendment of Articles of Incorporation, appointment of directors and audit committee members, and the remuneration limit for directors in 2007.
Director Nominations:
- Young Soo Kwon: New appointment for a 3-year term. Formerly CFO of LG Electronics Inc.
- Bart van Halder: Reappointment as Outside Director and Audit Committee Member for a 3-year term.
- Ingoo Han: Reappointment as Outside Director and Audit Committee Member for a 3-year term.
Board Resolution: The resolution was passed on January 16, 2007, with full attendance (5 out of 5) of outside directors.
Key Facts for Investor Verification
- Verify the final approval of the 2006 non-consolidated financial statements at the February 28, 2007 meeting.
- Confirm the specific details of the proposed amendment to the Articles of Incorporation.
- Review the approved remuneration limits for directors for the 2007 fiscal year.
- Monitor the integration of new director Young Soo Kwon and the continued oversight by reappointed outside directors.