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Quotes & Info
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| AMKR > SEC Filings for AMKR > Form 8-K on 7-Feb-2013 | All Recent SEC Filings |
7-Feb-2013
Change in Directors or Principal Officers, Financial Statements and Exhibits
(d) On February 6, 2013, the Board of Directors (the "Board") of Amkor Technology, Inc. (the "Company") expanded the Board to eight members and appointed Robert Morse as a director of the Company.
The Board has not yet made a determination regarding the committees on which Mr. Morse will serve.
Upon his appointment to the Board, Mr. Morse became entitled to an annual retainer of $50,000, and will be paid $2,000 for each regularly scheduled Board or committee meeting he attends, and $1,000 for each telephonic Board or committee meeting he attends. Mr. Morse will also be entitled to reimbursement from the Company for travel and other reasonable out-of-pocket expenses he incurs in connection with attending Board and committee meetings. In addition, under the Company's Amended and Restated 2007 Equity Incentive Plan ("2007 Equity Plan"), upon his appointment to the Board, Mr. Morse was automatically granted an option to purchase 20,000 shares of the Company's common stock. Upon re-election to the Board by the Company's stockholders, each director automatically receives an additional option to purchase 20,000 shares of the Company's common stock, subject to the terms of the 2007 Equity Plan. Mr. Morse will become eligible for the additional option grants upon re-election by the stockholders, starting in 2014.
Additional information regarding Mr. Morse's appointment as a director is contained in the press release attached hereto as Exhibit 99.1.
(e) On February 5, 2013, the compensation committee of the Board approved an increase in the base salary of the Company's chief financial officer, Joanne Solomon, from $425,000 to $460,000.
(d) Exhibits.
Exhibit Description
99.1 Press release issued by Amkor Technology, Inc., dated February 7, 2013.
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