DELAWARE | 000-29472 | 23-1722724 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||||||
SIGNATURES |
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(e) | The Compensation Committee of the Board of Directors (the Compensation Committee) approved the award of stock option grants to certain of our executive officers pursuant to the terms of the 2007 Equity Incentive Plan (the Plan), a copy of which was previously filed with the Securities and Exchange Commission on Form 8-K dated August 10, 2007. The options were granted on February 19, 2008 (the grant date), with a fair market value exercise price of $11.29 per share, the closing price of our common stock on the grant date. Each option award has a maximum term of ten years with a vesting schedule as follows (subject to the executives continued employment): 25% of the options subject to the grant vest on the first anniversary of the grant date, and 25% of the options subject to the grant vest on each of the second, third and fourth anniversaries of the grant date, such that 100% of the options would be vested on the fourth anniversary of the grant date. | |
The following table sets forth the name of each executive officer awarded a stock option grant and the number of options awarded. |
Name | Options | |||
James J. Kim |
250,000 | |||
Chairman and Chief Executive Officer |
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Kenneth T. Joyce |
60,000 | |||
Executive
Vice President, Chief Operating
Officer and Chief Administrative Officer |
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KyuHyun Kim |
40,000 | |||
President of Amkor Technology Korea and Head
of Corporate Worldwide Manufacturing |
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James M. Fusaro |
55,000 | |||
Corporate Vice President, Wire Bond Products |
AMKOR TECHNOLOGY, INC. |
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By: | /s/ Joanne Solomon | |||
Joanne Solomon | ||||
Corporate Vice President & Chief Financial Officer | ||||