DoubleDown Interactive Co., Ltd 6-K/A, filed Mar 8, 2024
DoubleDown Interactive Co., Ltd. (DDI)
About this 6-K/A
DoubleDown Interactive Co., Ltd filed this 6-K/A on March 8, 2024.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K/A
(Amendment No. 1)
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2024
Commission File Number 001-39349
DoubleDown Interactive Co., Ltd.
(Translation of registrant’s name into English)
Joseph A. Sigrist, Chief Financial Officer
c/o DoubleDown Interactive, LLC
605 5th Avenue, Suite 300
Seattle, WA 98104
+1-206-408-4545
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
EXPLANATORY NOTE
DoubleDown Interactive Co., Ltd. (the “Company”) is filing this report on Form 6-K/A to amend the Company’s previous report on Form 6-K, as filed with the Securities and Exchange Commission on March 4, 2024 (the “Initial 6-K”), solely to update the Public Notice for Convocation of the 16th Annual General Meeting of the Company, which was furnished in the Initial 6-K. Except as specifically provided herein, the information set forth in the Initial 6-K remains unchanged.
Public Notice for Convocation of the 16th Annual General Meeting of DoubleDown Interactive Co., Ltd.
| 1. | Date and Time: March 29, 2024, 11:00 a.m. (Korea Standard Time) / March 28, 2024, 9:00 p.m. (Eastern Time, US) |
| 2. | Who Can Attend: Holders of the Company’s common shares as of December 29, 2023 (the “Record Date”). Holders of American Depositary Shares (“ADSs”), each representing 0.05 share of a common share, may not attend in person or vote at the AGM. Instead, holders of record of ADSs as of the Record Date shall instruct Citibank, N.A., the depositary of the ADSs (the “Depositary”), as to how to vote the common shares represented by the ADSs. |
| 3. | Venue: Meeting room, 13th floor, 152 Teheran-Ro, Gangnam-gu, Seoul |
| 4. | Methods of Attending: Holders of the ADSs should send the Depositary their voting instructions using the ADS voting card as separately instructed. |
| 5. | Reports and Proposals to be presented and considered at the AGM: |
- Reports: audit report, business report, and the report on the operating status of the internal accounting management system
- Proposals
| Proposal No. 1: |
Approval of the 16th financial statements and consolidated financial statements for the fiscal year ended December 31, 2023 | |
| Proposal No. 2: |
Approval of the remuneration limit for independent directors and executive officers | |
| Proposal No. 3: |
Amendment to the Regulations on Executive Retirement Payment | |
| 6. | Proposal Details |
Proposal No. 2: To approve the continuance of the aggregate remuneration limit for independent directors and executive officers at 5 billion won for the fiscal year ending December 31, 2024.
| Title |
2023 |
2024 | ||
| Independent Directors and Executive Officers’ remuneration limit | 5 billion won | 5 billion won |
Proposal No. 3: Amendment to the Regulations on Executive Retirement Payment
| Before |
After |
Note | ||
| Article 4 [Calculation of Executive Retirement Payment]
...elision...
② The average annual salary shall be the average annualized amount of the total salary paid in the last three years retroactive to the date of retirement. If the period of service is less than 3 years, it shall be the period of service
...elision... |
Article 4 [Calculation of Executive Retirement Payment]
...elision...
② The average annual salary shall be the average annualized amount of the base salary paid in the last three years retroactive to the date of retirement. If the period of service is less than 3 years, it shall be the period of service. This Article also applies to the period of service prior to the enforcement date of Article 3 of the Supplementary Provisions of this Regulation during the recent three-year period retroactive to the date of retirement. <Amended on March 29, 2024>
...elision... |
Change in severance pay calculation standards | ||
| Supplementary Provisions | ||||
| <New article> | Article 3 [Effective Date] These rules are effective March 29, 2024. |
Establishment of supplementary provisions such as effective date | ||
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, thereunto duly authorized.
| DOUBLEDOWN INTERACTIVE CO., LTD. | ||||||
| Date: March 8, 2024 | By: | /s/ Joseph A. Sigrist | ||||
| Name: Joseph A. Sigrist | ||||||
| Title: Chief Financial Officer | ||||||