Sk Telecom Co Ltd 6-K, filed Mar 27, 2020
Sk Telecom Co Ltd (SKM)
About this 6-K
Sk Telecom Co Ltd filed this 6-K on March 27, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF MARCH 2020
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrant’s name into English)
65, Eulji-ro, Jung-gu
Seoul 04539, Korea
(Address of principal executive office)
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 ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Decision on Stock Option Grant
| 1. | Structure |
| A. | Recipients |
| Name |
Position |
Number of shares issuable |
||||||
| Type of shares |
Number of shares |
|||||||
| Park, Jung Ho |
Representative Director and Chief Executive Officer |
Registered common shares |
111,106 | |||||
| Ryu, Young Sang |
Executive Director and Head of MNO Business |
Registered common shares |
2,353 | |||||
| Kang, Jong Ryeol |
Head of ICT Infra Center |
Registered common shares |
2,048 | |||||
| Ha, Hyung Il |
Head of Corporate Center 2 |
Registered common shares |
1,961 | |||||
| Kim, Yoon |
Head of AIX Center |
Registered common shares |
1,874 | |||||
| Huh, Seok Joon |
Head of Private Placement Group |
Registered common shares |
1,852 | |||||
| Yoon, Poong Young |
Head of Corporate Center 1 |
Registered common shares |
1,743 | |||||
| Ha, Seong Ho |
Head of Corporate Relations Center |
Registered common shares |
1,656 | |||||
| Cho, Dong Hwan |
Head of IT Innovation Center |
Registered common shares |
1,525 | |||||
| Lee, HyunA |
Head of AI Service Unit |
Registered common shares |
1,525 | |||||
| Total: |
Registered common shares |
127,643 | ||||||
| B. | Share Type : Common Share (treasury shares), cash settlement |
| C. | Grant date: March 26, 2020 |
| D. | Number of Shares : 127,643 shares |
| E. | Exercise period: March 27, 2023 – March 26, 2027 |
| F. | Exercise price: Won 192,260 (This price was calculated as the arithmetic mean of volume weighted average closing prices from the following periods prior to the grant date: two months, one month, one week.) |
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| 2. | Overview of Conditions |
| • | The exercise price and the number of the stock options may be adjusted through the stock option grant agreement or by resolution by the Board in the event of any capital increase, stock dividend, capital transfer of reserves or changes in stock value due to a stock split or a merger after the grant date. |
| • | If the recipient leaves the company before the second anniversary of the grant date, all of his or her stock options will be cancelled. |
| • | If the recipient leaves the company on or after the second anniversary of the grant date and before the third anniversary of the grant date, only two-thirds of his or her options will be exercisable. |
| • | If the recipient remains employed by the company on the third anniversary of the grant date, all of his or her options will be exercisable. |
| • | Other terms of the grant of stock options shall be governed by applicable law, the Company’s articles of incorporation and the stock option grant agreement. |
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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.
| SK TELECOM CO., LTD. | ||
| (Registrant) | ||
| By: /s/ Jung Hwan Choi | ||
| (Signature) | ||
| Name: | Jung Hwan Choi | |
| Title: | Senior Vice President | |
Date: March 26, 2020
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