MAGNACHIP SEMICONDUCTOR Corp DEF 14A, filed Apr 17, 2023

About this DEF 14A

MAGNACHIP SEMICONDUCTOR Corp (MX)

DEF 14A 2023-04-17

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Added on June 12, 2026

What We Do

Pay-for-Performance Philosophy

A significant portion of our named executive officers’ compensation is directly linked to corporate performance. We structure target total direct compensation with a significant long-term equity component in the form of RSUs and PSUs, thereby making a vast majority of each named executive officer’s target total direct compensation dependent upon our corporate performance, stock price and/or total shareholder return.

Performance-Based Equity Awards

Our CEO and our other named executive officers receive performance-based equity awards in the form of PSUs that vest based on the achievement of financial goals and relative TSR performance.

“Double Trigger” Change in Control Arrangements

With the exception of our PSU awards that vest at target level upon a change in control, our change in control compensation arrangements include a “double trigger” provision that requires both a change in control of the Company plus a qualifying termination of employment before payments and benefits are paid. It is our expectation that all future RSUs and PSUs will be structured with the same format.

MAGNACHIP SEMICONDUCTOR Corp filed this DEF 14A on April 17, 2023.

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☐			Preliminary Proxy Statement
☐			Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒			Definitive Proxy Statement
☐			Definitive Additional Materials
☐			Soliciting Material Pursuant to Section 240.14a-12.

☒			No fee required.
☐			Fee paid previously with preliminary materials.
☐			Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

			Sincerely,

			/s/ Young-Joon Kim
			Young-Joon Kim
			Chief Executive Officer

			April 17, 2023

			By Order of the Board of Directors

			/s/ Theodore Kim
			Theodore Kim
			Chief Compliance Officer, Executive Vice President, General Counsel and Secretary

			Page
GENERAL INFORMATION			1
PROPOSAL ONE: ELECTION OF DIRECTORS			5
THE BOARD OF DIRECTORS AND CORPORATE GOVERNANCE			8
Director Independence			8
Board Meetings			8
Attendance at Annual Meeting			8
Committees			8
Board Leadership Structure			10
Board Role in Risk Oversight			11
Director Orientation and Continuing Education			12
Code of Business Conduct and Ethics			12
Report of the Audit Committee			12
Communications with Directors			13
Human Capital Management			13
2022 Director Compensation			15
Compensation Committee Interlocks and Insider Participation			17
EXECUTIVE COMPENSATION			18
Compensation Discussion and Analysis			18
COMPENSATION COMMITTEE REPORT			32
Summary Compensation Table			33
Grants of Plan-Based Awards Table for Fiscal Year 2022			34
Outstanding Equity Awards at Fiscal Year End 2022			35
Option Exercises and Stock Vested			37
Pension Benefits for the Fiscal Year Ended December 31, 2022			37
Nonqualified Deferred Compensation			38
Potential Payments Upon Termination or Change in Control			38
Equity Compensation Plan Information			43
Equity Compensation Plan Summary			43
Pay Versus Performance			46
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS			50
Related Person Transactions Policy			50
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT			51
PROPOSAL TWO: ADVISORY (NON-BINDING) VOTE ON THE COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS AS DESCRIBED IN THIS PROXY STATEMENT			53
PROPOSAL THREE: RATIFICATION OF APPOINTMENT OF OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING DECEMBER 31, 2023			54
Fees Paid to Independent Registered Public Accounting Firm			54
Policy and Procedure for Approval of Audit and Permitted Non-Audit Services			54
PROPOSAL FOUR: APPROVAL OF OUR AMENDED AND RESTATED 2020 EQUITY AND INCENTIVE COMPENSATION PLAN			55
STOCKHOLDER PROPOSALS FOR 2024 ANNUAL MEETING			68
SOLICITATION OF PROXIES			68
OTHER MATTERS			69
APPENDIX A			A-1

Name	Age	Position
Camillo Martino	61	Director, Non-Executive Chairman of the Board, Chair of the Compensation Committee and Member of the Audit Committee and the Nominating and Corporate Governance Committee
Kyo-Hwa (Liz) Chung	50	Director, Member of the Compensation Committee
Melvin L. Keating	76	Director, Chair of the Audit Committee and Member of the Nominating and Corporate Governance Committee
Young-Joon (YJ) Kim	58	Director, Member of the Risk Committee and Chief Executive Officer
Ilbok Lee	77	Director, Chair of the Nominating and Corporate Governance Committee and Member of the Risk Committee
Gary Tanner	70	Director, Chair of the Risk Committee and Member of the Audit Committee and the Compensation Committee

Name	Fees Earned or Paid in Cash ($)⁽¹⁾	Stock Awards ($)⁽²⁾⁽³⁾	All Other Compensation ($)	Total ($)
Liz Chung	84,889	171,253	—	256,142
Melvin Keating	105,000	183,500	—	288,500
Ilbok Lee	90,000	183,500	—	273,500
Camillo Martino	185,000	192,920	—	377,920
Gary Tanner	110,000	192,920	—	302,920

Name	Board Retainer ($)	Chair Service Fees ($)	Committee Service Fees ($)	Total ($)
Liz Chung	75,000	—	9,889	84,889
Melvin Keating	75,000	25,000	5,000	105,000
Ilbok Lee	75,000	10,000	5,000	90,000
Camillo Martino	75,000	90,000	20,000	185,000
Gary Tanner	75,000	10,000	25,000	110,000

Name	RSUs (#)	Stock Options (#)
Liz Chung	25,236	—
Melvin Keating	93,688	49,737
Ilbok Lee	100,002	179,593
Camillo Martino	94,998	49,737
Gary Tanner	103,884	93,117

		What We Do

•	Human Capital Management and Succession Planning	We provide opportunities for training and advancement to all employees as part of our human capital management program. Furthermore, we conduct succession planning and executive assessments for all key employees to ensure orderly succession plans are in place.

•	Independent Compensation Committee	The Compensation Committee consists solely of independent directors.

•	Compensation Recovery (“Clawback”) Policy	We have a policy providing for the recovery of certain cash incentive compensation and equity or equity-based awards from our CEO and other executive officers (including our other named executive officers).

•	Stock Ownership Guidelines	We maintain stock ownership guidelines for our CEO, our other executive officers (including our other named executive officers) and the non-employee members of our Board.

•	Equity Award Grant Policy	Equity awards are granted in accordance with our Equity Award Grant Policy. We do not have any program, practice or plan to time equity awards in coordination with the release of material non-public information.

•	Retain an Independent Compensation Advisor	The Compensation Committee has engaged its own independent compensation advisor to provide information, analysis and other advice on executive compensation independent of management.

•	Annual Executive Compensation Review	The Compensation Committee conducts an annual review of our compensation strategy, including a review of our compensation used for comparative purposes.

						What We Do
•			Balanced Time Horizon for Incentive Compensation			We have a balance of time horizons for our incentive awards, including an annual cash incentive plan, a three-year performance period for our TSR PSUs and a three-year vesting period for our RSUs and Financial PSUs.

		What We Don’t Do
•	No Special Retirement Plans	We do not currently offer pension arrangements or retirement plans to our executive officers other than statutory severance benefits required under the Employee Retirement Benefit Security Act of Korea.

•	No Stock Option Re-Pricing	Our equity compensation plan does not permit stock options or stock appreciation rights (“SARs”) to be repriced to a lower exercise or strike price without the approval of our stockholders.

•	No Excise Tax Payments on Future Post-Employment Compensation Arrangements	We do not provide any excise tax reimbursement payments (including “gross-ups”) with respect to payments or benefits contingent upon a change in control of the Company. The Company does, however, have the obligation to provide tax equalization to the CEO and the CCO with respect to such payments and benefits, as a part of their expatriate benefit package because they are subject to taxation in both the U.S. and Korea.

•	No Hedging or Pledging	We prohibit our employees, including our executive officers, and the non-employee members of our Board from pledging, engaging in short sales and certain derivative transactions relating to our securities.

•	No Special Welfare or Health Benefits	We do not provide our executive officers with any welfare or health benefit programs, other than participation on the same basis as our full-time employees in the employee programs that are standard in our industry sector. The Company does provide customary international health insurance to the CEO, the CCO and the GM of Power as a part of their expatriate benefit package.

•	No Dividends or Dividend Equivalents Payable on Unvested Equity Awards	We do not pay dividends or dividend equivalents on unvested equity awards.

Element	Purpose	Description
Annual base salary	Provides a fixed source of annual cash compensation for our named executive officers.	Based upon each individual’s skills, experience and performance as well as the criticality of the role.

Short-term cash incentives	Incentivizes achievement of key annual financial, operational and strategic goals.	Variable cash compensation based on performance.

Long-term equity incentives	Aligns the interests of our named executive officers with those of our stockholders by increasing stock ownership, incentivizing increases in stockholder value and strengthening retention.	Variable equity compensation delivered through three vehicles: - Service-based RSUs with a three-year vesting period; - PSUs with a one-year performance period and subsequent three-year vesting period; and - Relative total shareholder return PSUs (TSR PSUs) with a three-year performance period.

Expatriate and other executive benefits	Allows us to remain competitive with peer and market practices and to retain key personnel on expatriate assignments by minimizing adverse financial impacts associated with such assignments.	Benefits include housing allowances, relocation and repatriation allowances, insurance premiums, reimbursement for the use of a car, home leave flights, tax equalization payments and tax advisory services.

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Impinj

Named Executive Officer			2022 Base Salary
Young-Joon Kim			$560,100
Shin Young Park			$310,000
Theodore Kim			$350,000
Woung Moo Lee			$275,633
Chan Ho Park			$336,600

Named Executive Officer	Target Bonus (% of Base Salary)	Target Bonus Amount	Actual Amount
Young-Joon Kim	100%	$560,100	$0
Shin Young Park	50%	$155,000	$0
Theodore Kim	75%	$262,500	$0
Woung Moo Lee	60%	$165,380	$0
Chan Ho Park	50%	$168,300	$0

Named Executive Officer			Retention Awards
Young-Joon Kim			$605,538
Shin Young Park			$330,274
Theodore Kim			$528,439
Woung Moo Lee			$178,248
Chan Ho Park			$132,110

Service-Based RSUs			Financial PSUs			TSR PSUs
• Vest over three years in three equal annual installments, subject to the executive’s continued employment through each applicable vesting date.			• Annual grants with one-year performance period. • Vesting is based on (i) the achievement of financial goals that measure our performance against our business strategy, with specific performance goals established by the Compensation Committee annually, and (ii) satisfaction of the Continued Service Condition through each applicable date in the following vesting schedule: 1/3 of Vestable Units on the Certification Date; 1/3 of Vestable Units on December 31, 2023; and 1/3 of Vestable Units on December 31, 2024⁽¹⁾. • For 2022, performance goals are based on revenue (1/3 weighting), gross profit margin (1/3 weighting) and Adjusted EBITDA (1/3 weighting).⁽²⁾			• Annual grants with three-year performance period. • Performance is measured within 60 days of the end of the three-year performance period. • Vesting is based on three-year TSR of the Company relative to other entities in the S&P Semiconductor Index, determined by the percentile rank of the Company’s TSR relative to the TSR of each other entity in such index, subject to the satisfaction of the Continued Service Condition.

			RSUs
Name	Grant Date	FV of Grant Date	RSUs Granted (#)	Aggregate fair value of grant date ($)
Young-Joon Kim	2/28/2022	$18.20	43,000	782,600
Shin Young Park	2/28/2022	$18.20	15,000	273,000
Theodore Kim	2/28/2022	$18.20	25,000	455,000
Woung Moo Lee	2/28/2022	$18.20	11,747	213,795
Chan Ho Park	2/28/2022	$18.20	10,000	182,000

Performance Metrics	Goal Weighting	Threshold	Target	Maximum	2022 Achievement	Vesting Ratio by Category	Weighed Vesting Ratio
Revenue (in millions)	33.33%	$450.0	$459.0	$485.0	$301.9	0.0%	0.0%
Gross Profit Margin (as % of revenue)	33.33%	33.5%	35.0%	37.2%	33.0%	0.0%	0.0%
Adjusted EBITDA (in millions)	33.33%	$72.2	$78.6	$88.0	$19.5	0.0%	0.0%
							0.0%

Name and Principal Position	Year	Salary ($)⁽¹⁾	Bonus ($)⁽²⁾	Option Awards ($)	Stock Awards ($)⁽³⁾	Non-Equity Incentive Plan Compensation ($)	Change in Pension Value and Non- qualified Deferred Compensation Earnings ($)⁽⁴⁾	All Other Compensation ($)	Total ($)
Young-Joon Kim Chief Executive Officer	2022	560,420	605,538	—	4,211,480	—	100,280	1,565,327⁽⁵⁾	7,043,045
	2021	557,136	1,576,245	—	2,335,967	—	68,656	1,034,781	5,572,785
	2020	556,399	125,000	—	1,486,335	—	26,089	757,844	2,951,667

Shin Young Park⁽⁶⁾ Chief Financial Officer	2022	312,048	330,274	—	673,400	—	51,264	41,548⁽⁷⁾	1,408,534
	2021	—	—	—	—	—	—	—	—
	2020	—	—	—	—	—	—	—	—

Theodore Kim Chief Compliance Officer, General Counsel and Secretary	2022	350,259	528,439	—	1,122,940	—	72,468	644,107⁽⁸⁾	2,718,213
	2021	329,846	801,724	—	875,709	—	40,016	443,141	2,490,436
	2020	329,410	74,250	—	539,350	—	16,096	333,954	1,293,060

Woung Moo Lee General Manager of Display Solutions and Worldwide Sales	2022	275,633	178,248	—	527,363	—	25,691	47,783⁽⁹⁾	1,054,718
	2021	306,158	127,203	—	471,760	—	25,827	47,360	978,307
	2020	296,913	57,527	—	406,210	—	24,350	38,645	823,644

Chan Ho Park General Manager of Power Solutions	2022	336,808	132,110	—	448,939	—	35,470	168,030⁽¹⁰⁾	1,121,358
	2021	329,846	118,306	—	202,186	—	29,353	165,052	844,743
	2020	192,203	28,943	—	166,350	—	15,344	189,747	592,586

		Estimated Future Payouts Under Equity Incentive Plan Awards (#)			All Other Stock Awards: Number of Shares of Stock or Units (#)⁽¹⁾	Grant Date Fair Value of Stock and Option Awards ($)⁽⁵⁾
Name	Grant Date	Threshold	Target	Maximum
Young-Joon Kim	2/28/2022⁽¹⁾	—	—	—	43,000	782,600
	2/28/2022⁽²⁾	74,500	149,000	223,500	—	2,711,800
	2/28/2022⁽³⁾	19,700	39,400	78,800⁽⁴⁾	—	717,080

Shin Young Park	2/28/2022⁽¹⁾	—	—	—	15,000	273,000
	2/28/2022⁽²⁾	8,750	17,500	26,250	—	318,500
	2/28/2022⁽³⁾	2,250	4,500	9,000⁽⁴⁾	—	81,900

Theodore Kim	2/28/2022⁽¹⁾	—	—	—	25,000	455,000
	2/28/2022⁽²⁾	14,600	29,200	43,800	—	531,440
	2/28/2022⁽³⁾	3,750	7,500	15,000⁽⁴⁾	—	136,500

Woung Moo Lee	2/28/2022⁽¹⁾	—	—	—	11,747	213,795
	2/28/2022⁽²⁾	6,853	13,705	20,558	—	249,431
	2/28/2022⁽³⁾	1,762	3,524	7,048⁽⁴⁾	—	64,137

Chan Ho Park	2/28/2022⁽¹⁾	—	—	—	10,000	182,000
	2/28/2022⁽²⁾	5,834	11,667	17,501	—	212,339
	2/28/2022⁽³⁾	1,500	3,000	6,000⁽⁴⁾	—	54,600

	Option Awards
Name	Grant Date	Number of Securities Underlying Unexercised Options (#) Exercisable	Number of Securities Underlying Unexercised Options (#) Unexercisable	Option Exercise Price($)	Option Expiration Date
Young-Joon Kim	5/6/2013	200,000	—	15.96	5/6/2023
	6/9/2015	90,610	—	7.64	6/9/2025
	3/11/2016	45,305	—	5.53	3/11/2026

Shin Young Park	8/11/2015	1,000	—	8.45	8/11/2025
Shin Young Park	3/11/2016	1,500	—	5.53	3/11/2026

Theodore Kim	10/26/2013	50,000	—	21.79	10/26/2023
	6/9/2015	51,740	—	7.64	6/9/2025
	3/11/2016	25,870	—	5.53	3/11/2026

Woung Moo Lee	11/1/2013	50,000	—	19.56	11/1/2023
	6/9/2015	43,940	—	7.64	6/9/2025
	3/11/2016	25,870	—	5.53	3/11/2026

Chan Ho Park	—	—	—	—	—

		Stock Awards
Name	Grant Date	Number of Shares or Units of Stock That Have Not Vested (#)	Market Value of Shares or Units of Stock That Have Not Vested ($)⁽¹⁾	Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)⁽²⁾	Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)⁽³⁾
Young-Joon Kim	5/7/2020	—	—	29,040⁽⁴⁾	272,686
	2/19/2021	9,749⁽⁵⁾	91,543	26,126	245,323
	2/28/2022	28,667⁽⁶⁾	269,183	188,400⁽⁴⁾	1,769,076

Shin Young Park	5/7/2020	—	—	1,500⁽⁴⁾	14,085
	3/12/2020	3,333⁽⁷⁾	31,297	—	—
	2/19/2021	2,238⁽⁵⁾	21,015	2,013	18,902
	2/28/2022	10,000⁽⁶⁾	93,900	22,000⁽⁴⁾	206,580

Theodore Kim	5/7/2020	—	—	6,000⁽⁴⁾	56,340
	2/19/2021	7,269⁽⁵⁾	68,256	6,541	61,420
	2/28/2022	16,667⁽⁶⁾	156,503	36,700⁽⁴⁾	344,613

Woung Moo Lee	5/7/2020	—	—	5,250⁽⁴⁾	49,298
	2/19/2021	3,916⁽⁵⁾	36,771	3,524	33,090
	2/28/2022	7,832⁽⁶⁾	73,542	17,229⁽⁴⁾	161,780

Chan Ho Park	6/1/2020	5,000⁽⁸⁾	46,950	—	—
	2/19/2021	1,679⁽⁵⁾	15,766	1,510	14,179
	2/28/2022	6,667⁽⁶⁾	62,603	14,667⁽⁴⁾	137,723

	Stock Awards
Name	Number of Shares Withheld (#)	Value of Shares Withheld ($)
Young-Joon Kim	39,750	625,167
Shin Young Park	8,132	109,279
Theodore Kim	15,187	207,829
Woung Moo Lee	12,861	179,762
Chan Ho Park	646	12,132

Name	Plan Name	Number of Years of Credited Service (#)	Present Value of Accumulated Benefit ($)⁽¹⁾	Payments During the Last Fiscal Year($)
Young Joon Kim	Statutory Severance	10	481,288	—
Shin Young Park	Statutory Severance	4	110,226	—
Theodore Kim	Statutory Severance	10	287,788	—
Woung Moo Lee	Statutory Severance	10	213,923	—
Chan Ho Park	Statutory Severance	3	77,296	—

	Cash Severance Payment ($)⁽¹⁾	Value of Equity Award Acceleration ($)	Continuation of Benefits and Perquisites ($)⁽²⁾	Total ($)
Termination By the Company Without Cause / By Executive for Good Reason	1,120,200	1,399,035⁽⁴⁾	504,200⁽⁷⁾	3,023,435
Termination By the Company Without Cause / By Executive for Good Reason, In Connection With a Change in Control	2,240,400⁽³⁾	2,647,811⁽⁵⁾	542,687⁽⁸⁾	5,430,898
Termination By the Company for Cause / By Executive without Good Reason	—	—	—	—
Change in Control (without termination of employment)	—	2,647,811⁽⁶⁾	—	2,647,811

Plan Category	(a) Number of securities to be issued upon exercise of outstanding options, warrants or rights	(b) Weighted- average exercise price of outstanding options, warrants or rights	(c) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))
Equity compensation plans approved by security holders	2,605,028⁽¹⁾	$10.64⁽¹⁾	1,351,913⁽²⁾
Equity compensation plans not approved by security holders	—	—	—
Total:	2,605,028		1,351,913

					Value of Initial Fixed $100 Investment Based On:
Year⁽¹⁾	Summary Compensation Table Total for PEO	Compensation Actually Paid for PEO⁽²⁾⁽³⁾	Average Summary Compensation Table Total for Non- PEO NEOs	Average Compensation Actually Paid for Non-PEO NEOs⁽⁴⁾⁽⁵⁾	Total Shareholder Return⁽⁶⁾	Peer Group Total Shareholder Return⁽⁷⁾	Net Income⁽⁸⁾	Gross Profit Margin⁽⁹⁾
2022	$7,043,045	$2,131,915	$1,575,706	$778,297	$81	$137	$(8,036,000)	30.0%
2021	$5,572,785	$6,004,697	$1,260,484	$1,379,361	$181	$213	$56,708,000	32.4%
2020	$2,951,667	$2,943,599	$746,414	$780,349	$116	$151	$344,965,000	25.3%

NEO Average
		2020	2021	2022
	Summary Compensation Table - Total Compensation	$746,414	$1,260,484	$1,575,706
-	Grant Date Fair Value of Stock Awards and Option Awards Granted in Fiscal Year	$261,010	$454,812	$693,161
+	Fair Value at Fiscal Year End of Outstanding and Unvested Stock Awards and Option Awards Granted in Fiscal Year	$196,508	$196,048	$113,865
+	Change in Fair Value of Outstanding and Unvested Stock Awards and Option Awards Granted in Prior Fiscal Years	$(2,781)	$56,561	$(130,216)
+	Fair Value at Vesting of Stock Awards and Option Awards Granted in Fiscal Year That Vested During Fiscal Year	$105,488	$228,300	$48,314
+	Change in Fair Value as of Vesting Date of Stock Awards and Option Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year	$13,306	$121,510	$(90,215)
-	Fair Value as of Prior Fiscal Year End of Stock Awards and Option Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year	$17,576	$28,730	$45,996
=	Compensation Actually Paid	$780,349	$1,379,361	$778,297

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership⁽¹⁾	Percent of Class⁽¹⁾
Principal Stockholders
AllianceBernstein L.P.⁽²⁾	3,190,906	7.5%
Toronado Partners LLC⁽³⁾	2,692,261	6.3%
Directors and Named Executive Officers
Kyo-Hwa (Liz) Chung⁽⁴⁾	12,946	*
Melvin Keating⁽⁵⁾	139,831	*
Ilbok Lee⁽⁶⁾	269,173	*
Camillo Martino⁽⁷⁾	158,338	*
Gary Tanner⁽⁸⁾	188,012	*
Young-Joon Kim⁽⁹⁾	668,644	1.6%
Theodore Kim⁽¹⁰⁾	271,232	*
Woung Moo Lee⁽¹¹⁾	209,186	*
Chan Ho Park⁽¹²⁾	24,131	*
Shin Young Park⁽¹³⁾	30,674	*
Directors and current Executive Officers as a group (10 persons)⁽¹⁴⁾	1,972,167	4.5%

	Year Ended December 31
	2022	2021
	(in millions)
Audit fees	$1.5	$1.4
Audit Related fees	—	—
Tax fees	—	—
All other fees	—	$0
Total	$1.5	$1.4

Name and Position	Dollar Value of RSUs ($)⁽¹⁾	Number of RSUs (#)⁽¹⁾
Young-Joon Kim, Chief Executive Officer	—	—
Shin Young Park, Chief Financial Officer	—	—
Theodore Kim, Chief Compliance Officer, Executive Vice President, General Counsel and Secretary	—	—
Woung Moo Lee, Executive Vice President and General Manager of Display Solutions and Worldwide Sales	—	—
Chan Ho Park, General Manager of Power Solutions	—	—
Executive Group	—	—
Non-Executive Director Group	975,000⁽²⁾	107,382⁽³⁾
Non-Executive Officer Employee Group	—	—