Sk Telecom Co Ltd 6-K, filed Mar 25, 2021
Sk Telecom Co Ltd (SKM)
About this 6-K
Sk Telecom Co Ltd filed this 6-K on March 25, 2021.
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 2021
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 | |||||||
| Ryu, Young Sang |
Executive Director and President of Mobile Network Operations Division |
Registered common shares |
5,990 | |||||
| Kang, Jong Ryeol |
Head of ICT Infra Center |
Registered common shares |
2,350 | |||||
| Yoon, Poong Young |
Head of Corporate Center 1 |
Registered common shares |
3,360 | |||||
| Ha, Hyung Il |
Head of Corporate Center 2 |
Registered common shares |
3,760 | |||||
| Cho, Dong Hwan |
Head of Cloud Transformation Center |
Registered common shares |
1,770 | |||||
| Kim, Yoon |
Head of T3K |
Registered common shares |
2,110 | |||||
| Lee, HyunA |
Head of AI&CO |
Registered common shares |
2,880 | |||||
| Ha, Seong Ho |
Head of Corporate Relations Center |
Registered common shares |
1,920 | |||||
| Shin, Sang Kyu |
Head of Corporate Culture Center |
Registered common shares |
1,530 | |||||
| Huh, Seok Joon |
Head of Private Placement Group |
Registered common shares |
2,260 | |||||
| Song, Jae Seung |
Head of Corp Development Group |
Registered common shares |
2,650 | |||||
| Han, Myung Jin |
Head of Subscription Service CO |
Registered common shares |
1,450 | |||||
| Ryu, Byung Hoon |
Head of Business Strategy Group |
Registered common shares |
1,250 | |||||
| Total: |
Registered common shares |
33,280 | ||||||
| B. | Share Type : Common Share (treasury shares), cash settlement |
| C. | Grant date: March 25, 2021 |
| D. | Number of Shares : 33,280 shares |
| E. | Exercise period: March 26, 2023 - March 25, 2026 |
| F. | Exercise price: Won 251,380 (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 stock options granted as described above will be cancelled if the recipient does not remain employed by the Company for at least two years from the grant date. |
| • | If the exercise price of the stock options is lower than the market price of common shares at the time of exercise, cash settlement of the difference is possible. |
| • | The exercise price and the number of stock options may be adjusted pursuant to the relevant stock option grant agreement or by resolution of the Board in the event of a change in the stock value due to the reasons of any capital increase, stock dividend, capital transfer of reserves, stock split, merger or spin-off after the grant date. |
| • | 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/ Joong Suk Oh | |
| (Signature) | ||
| Name: | Joong Suk Oh | |
| Title: | Senior Vice President | |
Date: March 25, 2021
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