AMKOR TECHNOLOGY, INC. (NASDAQ:AMKR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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AMKOR TECHNOLOGY, INC. (NASDAQ:AMKR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02.>Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.

(e) At our Annual Meeting on May 2, 2017, our stockholders
approved the Second Amended and Restated 2007 Equity Incentive
Plan (the Restated Equity Plan) and the Amended and Restated
Executive Incentive Bonus Plan (the Restated Bonus Plan).
Second Amended and Restated 2007 Equity Incentive Plan
In 2012, our stockholders approved the Amkor Technology, Inc.
Amended and Restated 2007 Equity Incentive Plan, which provides
for, among other matters, tax deductibility of certain
performance-based compensation under the Internal Revenue Code of
1986, as amended. Section 162(m) of the Internal Revenue Code
requires that the material terms of the performance goals be
disclosed to and approved by our stockholders every five years.
The Restated Equity Plan amends and restates the Amended and
Restated 2007 Equity Incentive Plan to comply with this
requirement and ensure that awards to certain of our executives
will continue to be eligible for deductibility under Section
162(m) of the Internal Revenue Code, and to further extend the
term of the plan. The Restated Equity Plan does not authorize any
additional shares and the same number of shares authorized and
remaining available for issuance with respect to awards under the
previous plan are authorized and remain available for issuance
with respect to awards under the Restated Equity Plan.
The Restated Equity Plan is described in detail in our 2017 proxy
statement on Schedule 14A filed with the Securities and Exchange
Commission on April 4, 2017 in connection with the annual meeting
of stockholders held on May 2, 2017. The descriptions of the
Restated Equity Plan set forth herein and in the proxy statement
do not purport to be complete and are qualified in their entirety
by reference to the full text of the Restated Equity Plan, which
is filed as an exhibit hereto.
Amended and Restated Executive Incentive Bonus Plan
In 2012, our stockholders approved the Amkor Technology, Inc.
Executive Incentive Bonus Plan, which provides for, among other
matters, tax deductibility of certain performance-based
compensation under the Internal Revenue Code. Section 162(m) of
the Internal Revenue Code requires that the material terms of the
performance goals be disclosed to and approved by our
stockholders every five years. The Restated Bonus Plan was
adopted to replace the Executive Incentive Bonus Plan to ensure
that bonus awards to certain of our executives will continue to
be eligible for deductibility under Section 162(m) of the
Internal Revenue Code. As with the previous plan, the maximum
bonus payment that any participant may receive under the Restated
Bonus Plan in any year with respect to an award that is intended
to be exempt from the limitations of Section 162(m) of the
Internal Revenue Code is the lesser of $3,000,000 or 200% of the
participants base salary.
The Restated Bonus Plan is described in detail in our 2017 proxy
statement on Schedule 14A filed with the Securities and Exchange
Commission on April 4, 2017 in connection with the annual meeting
of stockholders held on May 2, 2017. The descriptions of the
Restated Bonus Plan set forth herein and in the proxy statement
do not purport to be complete and are qualified in their entirety
by reference to the full text of the Restated Bonus Plan, which
is filed as an exhibit hereto.
Item 5.07.>Submission of Matters to a Vote of Security
Holders.
At our Annual Meeting of Stockholders held on May 2, 2017, the
following proposals were adopted by the votes indicated.
1.
Election of a Board of Directors to hold office until
the next Annual Meeting of Stockholders or until their
respective successors have been elected or appointed.
Voted For
Withheld
Non-Votes
James J. Kim
209,076,656
5,707,996
9,166,204
Roger A. Carolin
212,093,052
2,691,600
9,166,204
Winston J. Churchill
210,685,991
4,098,661
9,166,204
Stephen D. Kelley
213,070,299
1,714,353
9,166,204
John T. Kim
206,651,035
8,133,617
9,166,204
Susan Y. Kim
209,510,696
5,273,956
9,166,204
Robert R. Morse
212,445,425
2,339,227
9,166,204
John F. Osborne
212,974,516
1,810,136
9,166,204
David N. Watson
213,530,070
1,254,582
9,166,204
James W. Zug
211,640,075
3,144,577
9,166,204
2.
Advisory Vote on the Compensation of our Named Executive
Officers.
Voted For
Against
Abstain
Non-Votes
213,329,439
1,078,559
376,654
9,166,204
3.
Advisory Vote on the frequency of Future Advisory Votes on
Named Executive Officer Compensation.
Voted For
Voted For
Voted For
1 Year
2 Years
3 Years
Abstained
Non-Votes
184,856,284
93,698
29,795,498
39,172
9,166,204
4.
Approval of the Second Amended and Restated 2007 Equity
Incentive Plan.
Voted For
Against
Abstain
Non-Votes
210,953,032
3,755,055
76,565
9,166,204
5.
Approval of the Amended and Restated Executive Incentive
Bonus Plan.
Voted For
Against
Abstain
Non-Votes
212,548,782
2,144,701
91,169
9,166,204
6.
Ratification of the appointment of PricewaterhouseCoopers
LLP as our independent registered public accounting firm
for the year ending December 31, 2017.
Voted For
Against
Abstain
Non-Votes
222,674,378
1,168,367
108,111
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1
Second Amended and Restated 2007 Equity Incentive Plan
10.2
Amended and Restated Executive Incentive Bonus Plan


About AMKOR TECHNOLOGY, INC. (NASDAQ:AMKR)

Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company’s packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology employed, size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services, including semiconductor wafer bump, wafer probe, wafer backgrind, package design, packaging, test and drop shipment services. The Company provides its services to integrated device manufacturers (IDMs), fabless semiconductor companies and contract foundries. IDMs design, manufacture, package and test semiconductors in their own facilities. Fabless semiconductor companies focuses on the semiconductor design process and manufacturing process. Its packages employ wirebond, flip chip, copper clip and other interconnect technologies. It uses leadframe and substrate package carriers, and performs a range of test services.

AMKOR TECHNOLOGY, INC. (NASDAQ:AMKR) Recent Trading Information

AMKOR TECHNOLOGY, INC. (NASDAQ:AMKR) closed its last trading session down -0.18 at 11.78 with 1,139,476 shares trading hands.