MagnaChip Semiconductor Corporation (NYSE:MX) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07.
MagnaChip Semiconductor Corporation (the “Company”) held its 2017 Annual Meeting of Stockholders on July12, 2017. As of the close of business on the record date of May25, 2017, there were 33,956,021 shares of the Company’s common stock outstanding and entitled to vote at the Annual Meeting. The number of shares of the Company’s common stock present at the meeting, in person or by proxy, was 30,285,503, or 89.2% of the outstanding shares.
At the meeting, the following proposals were submitted to a vote of the Company’s stockholders, with the final voting results indicated below:
Proposal 1 – Election of Directors. The Company’s stockholders elected the following seven directors to serve until the 2018 Annual Meetings of Stockholders and until their respective successors are elected and qualified.
| For | Withheld | BrokerNon-Votes | |
|
Gary Tanner |
22,617,658 | 409,348 | 7,258,497 |
|
Melvin L. Keating |
22,638,318 | 388,688 | 7,258,497 |
|
Young-Joon Kim |
22,640,363 | 386,643 | 7,258,497 |
|
Randal Klein |
22,637,908 | 389,098 | 7,258,497 |
|
Ilbok Lee |
22,640,273 | 386,733 | 7,258,497 |
|
Camillo Martino |
22,639,408 | 387,598 | 7,258,497 |
|
Nader Tavakoli |
22,638,363 | 388,643 | 7,258,497 |
Proposal 2 – Ratification of the Appointment of Samil PricewaterhouseCoopers. The Company’s stockholders ratified the appointment of Samil PricewaterhouseCoopers as the Company’s independent registered public accounting firm for the fiscal year ending December31, 2017.
|
For |
Against |
Abstained |
| 29,888,496 | 64,858 | 332,149 |
There were no broker non-votes with respect to Proposal 2.
About MagnaChip Semiconductor Corporation (NYSE:MX)
MagnaChip Semiconductor Corporation is a holding company, which designs and manufactures analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of things (IoT) applications. The Company provides technology platforms for analog, mixed-signal, power, high voltage, non-volatile memory and radio frequency applications. It operates through two segments: Foundry Services Group and Standard Products Group. Its Foundry Services Group provides specialty analog and mixed-signal foundry services for fabless and integrated device manufacturer semiconductor companies. Its Standard Products Group includes business lines: Display Solutions and Power Solutions. Its Display Solutions products provide flat panel display solutions to suppliers of large and small flat panel displays. Its Power Solutions products include discrete and integrated circuit solutions for power management in consumer, communication and industrial applications.