Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

September 16, 2024

AMKOR TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Delaware

000-29472

23-1722724

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

2045 EAST INNOVATION CIRCLE

TEMPE, AZ 85284

(Address of principal executive offices, including zip code)

(480) 821-5000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, $0.001 par value	AMKR	The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

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

(b) On September 16, 2024, James J. Kim informed Amkor Technology, Inc. (the “Company”) that he will step down as Executive Chairman of the Company’s Board of Directors (the “Board”), effective October 31, 2024. On that date, Mr. Kim will be appointed Chairman Emeritus of the Company, and Susan Y. Kim will become the Chairman of the Board.

The size of the Board will be reduced to ten Directors effective upon Mr. Kim’s retirement. Mr. Kim’s decision to retire from the Board was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

Item 7.01. Regulation FD Disclosure.

A copy of the Company’s announcement relating to Mr. Kim’s retirement is attached as Exhibit 99.1 hereto.

The information in Item 7.01 of this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report on Form 8-K shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit						Description
99.1						Press Release dated September 18, 2024, which is furnished (not filed) herewith.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMKOR TECHNOLOGY, INC.

By:

/s/ Mark N. Rogers

Mark N. Rogers

Executive Vice President, General Counsel and Corporate Secretary

Date: September 18, 2024

News Release

James J. Kim to Retire as Executive Chairman

Susan Y. Kim to become Chairman of the Board

TEMPE, Ariz. – September 18, 2024 -- Amkor Technology, Inc. (Nasdaq: AMKR), a leading provider of semiconductor packaging and test services, announced today that James Kim will be stepping down as Executive Chairman of Amkor and retiring from the company effective October 31, 2024. Susan Kim, Amkor’s Executive Vice Chairman, will become Chairman of the Board at that time.

Mr. Kim founded Amkor in 1968 and has been a pioneer in the outsourced semiconductor assembly and test services industry during his more than 56 years of service to the company. In recognition of his extraordinary contributions, the Board will recognize Mr. Kim with the honorary title of Chairman Emeritus upon his retirement.

“After more than 50 years, I have decided that now is the appropriate time for me to retire,” said Mr. Kim. “Amkor is financially sound, and with our strong technology leadership in advanced packaging, a uniquely diversified global footprint, and partnerships with lead customers, we are well positioned for growth. I have full confidence in our president and chief executive officer, Giel Rutten, my daughter, Susan, as Chairman of the Board, and our other Board members to help lead the company to great success in the future.”

“I congratulate Mr. Kim on his remarkable achievements in this industry, and, on behalf of Amkor’s management team and the company’s employees, I thank him for his guidance and leadership,” said Giel Rutten, Amkor’s president and chief executive officer. “He had an entrepreneur’s vision of what Amkor could become, and he devoted immeasurable efforts to turn that vision into a strategic manufacturing partner for the world’s leading semiconductor companies, foundries and electronics OEMs. We welcome Susan Kim in her new role as Chairman of the Board. With this clear demonstration of continuing support from the Kim family, we will continue to follow Mr. Kim’s example of dedication and commitment as we work to extend Amkor’s position as a global advanced packaging leader.”

About Amkor Technology, Inc.

Amkor Technology, Inc. is the world's largest US headquartered OSAT (outsourced semiconductor assembly and test) service provider. Since its founding in 1968, Amkor has pioneered the outsourcing of IC packaging and test services and is a strategic manufacturing partner for the world's leading semiconductor companies, foundries, and electronics OEMs. Amkor provides turnkey manufacturing services for the communication, automotive and industrial, computing, and consumer industries, including but not limited to smartphones, electric vehicles, data centers, artificial intelligence and wearables. Amkor's operational base includes production facilities, research and development centers, and sales and support offices located in key electronics manufacturing regions in Asia, Europe and the United States. For more information visit amkor.com.

News Release

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements within the meaning of the federal securities laws, including statements about financial condition, growth and competitive position. You are cautioned not to place undue reliance on forward-looking statements. All forward-looking statements in this press release are made based on our current expectations, forecasts, estimates, and assumptions. Because such statements include risks and uncertainties, actual results may differ materially from those anticipated in such forward-looking statements. Risk factors that could affect the outcome of the events set forth in these statements include the factors discussed in the company’s reports filed with or furnished to the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. We assume no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release except as may be required by applicable law.

Investor Relations

Jennifer Jue

Vice President, Investor Relations and Finance

480-786-7594

jennifer.jue@amkor.com

Media Relations

Christina Parsons

Director, Marketing Communications

480-786-7823

christina.parsons@amkor.com

Social media: @amkortechnology

Cover Page	Sep. 16, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Sep. 16, 2024
Entity Registrant Name	AMKOR TECHNOLOGY, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	000-29472
Entity Tax Identification Number	23-1722724
Entity Address, Address Line One	2045 EAST INNOVATION CIRCLE
Entity Address, City or Town	TEMPE
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85284
City Area Code	480
Local Phone Number	821-5000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	AMKR
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0001047127
Amendment Flag	false