Magnachip Executive Chan Ho Park to Exit with Severance Deal

An update from Magnachip Semiconductor Corp. (MX) is now available.

Chan Ho Park, a key executive of Magnachip Semiconductor Corporation, will leave his position at the end of April 2024. Following his resignation, he will receive a severance package that includes six months of salary and his earned annual bonus, along with a specific treatment of his outstanding unvested equity awards. This agreement, contingent on Park releasing all claims against the company, ensures he adheres to confidentiality and non-compete terms.

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