Report of Foreign Issuer (6-k)

Date : 03/22/2018 @ 6:16AM
Source : Edgar (US Regulatory)
Stock : SK Telecom Co., Ltd. (SKM)
Quote : 23.25  0.07 (0.30%) @ 4:02PM

Report of Foreign Issuer (6-k)

 

 

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 2018

Commission File Number: 333-04906

 

 

SK Telecom Co., Ltd.

(Translation of registrant’s name into English)

 

 

Euljiro 65(Euljiro2-ga), 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):  ☐

 

 

 


Results of the Annual General Meeting of Shareholders

 

1. Approval of Financial Statements for the 34 th Fiscal Year : Approved as originally submitted

The 34 th Fiscal Year (Fiscal Year ended December 31, 2017)

(in millions of Won, except for basic earnings per share)

 

Consolidated

  

•  Total Assets

       33,428,669       

•  Operating Revenue

     17,520,013  
  

•  Total Liabilities

       15,399,474       

•  Operating Income

     1,536,626  
  

•  Share Capital

       44,639       

•  Profit for the Year

     2,657,595  
  

•  Total Equity

       18,029,195       

•  Basic Earnings per Share (Won)

     36,582  

Separate

  

•  Total Assets

       25,557,522       

•  Operating Revenue

     12,468,035  
  

•  Total Liabilities

       10,550,131       

•  Operating Income

     1,697,709  
  

•  Share Capital

       44,639       

•  Profit for the Year

     1,331,114  
  

•  Total Equity

       15,007,391       

•  Basic Earnings per Share (Won)

     18,613  

 

(1) Prepared in accordance with International Financial Reporting Standards as adopted in Korea
(2) Opinion of independent auditors: Unqualified

< Approval of Cash Dividends>

(in Won, except for percentages)

 

Cash Dividends

   Dividend per Share        Common Stock    Year-end Dividend      9,000  
         Interim Dividends      1,000  
  

 

Total Cash Dividend

  

 

 

 

708,091,600,000

 

 

  

 

Market Dividend Rate (%)

(including interim dividend)

   Common Stock   

 

 

 

3.6

 

 

      Preferred Stock      —    

 

2


2. Stock Option Grant : Approved as originally submitted

1. Recipients : Suh, Sung Won, Lee, Sang Ho and Ryu, Young Sang

 

Recipients

  

Title

   Number of
Shares
 

Suh, Sung Won

   Head of MNO Business      2,755  

Lee, Sang Ho

   Head of Service Platform Business      1,594  

Ryu, Young Sang

   Head of Corporate Center      1,358  

2. Share Type : Common Share (treasury shares)

3. Grant Date : February 20, 2018

4. Total Number of Shares : 5,707 shares

5. Exercise Period : February 21, 2020 ~ February 20, 2023

6. Exercise Price : Won 254,120. This price is calculated as the arithmetic mean of the volume weighted average closing prices from the following periods prior to the grant date: two months, one month and one week.

7. Other Noteworthy Matters

a. The recipient’s right to exercise all or part of the stock options, as the case may be, shall automatically terminate if the recipient is not continuously employed by the Company for a period of two years from the date of the stock option grant or if the recipient is not employed by the Company at the commencement of the exercise period.

b. Other terms of this stock option grant shall be governed by applicable laws and regulations, the Company’s articles of incorporation and the stock option grant agreement.

c. The total number of common shares granted as stock options to date (including this stock option grant) is 72,211 shares.

 

3


3. Approval of the Appointment of Directors : Approved as originally submitted

(3-1) Elected Executive Director(Ryu, Young Sang)

 

Name

  

Term

  

Profile

  

Remarks

 

 

Ryu, Young Sang

  

 

 

3 years

  

  Education

 

•  Bachelor in Industrial Engineering, Seoul National University (’92)

 

•  Master in Industrial Engineering, Seoul National University (’94)

 

•  M.B.A., Washington University (’07)

 

  Career

 

•  Head of Corporate Center, SK Telecom (’17 ~ Present)

 

•  EVP of Business Development Group, SK Holdings Co., Ltd. (’15~ ’16)

 

•  SVP of Business Development Office, SK Telecom Co., Ltd (’12~’14)

  

 

 

New

Appointment

 

4


(3-2) Elected Independent Non-Executive Director(Yoon, Young Min)

 

Name

  

Term

  

Profile

  

Remarks

Yoon, Young Min    3 years   

 

  Education

 

•  Bachelor in English Literature, Korea University (’86)

 

•  Master in Advertising, Syracuse University (’93)

 

•  Ph.D. in Mass Communication, Syracuse University (’04)

 

  Career

 

•  Dean of School of Media and Communication and Graduate School of Journalism & Mass Communication, Korea University (’17 ~ Present)

 

•  Professor, School of Media & Communication, Korea University (’06 ~ Present)

 

•  Vice-Chairwoman, Korean Academic Society for Public Relations (’15~ ’16)

 

•  Advisor, Ministry of Land, Infrastructure and Transport (’15~ ’16)

 

•  Advisor, Korea Media Rating Board (’13~ ’14)

   New Appointment

 

5


4. Approval of the Appointment of member of the Audit Committee : Approved as originally submitted

 

Name

  

Term

  

Profile

  

Remarks

Yoon, Young Min    3 years   

 

  Education

 

•  Bachelor in English Literature, Korea University (’86)

 

•  Master in Advertising, Syracuse University (’93)

 

•  Ph.D. in Mass Communication, Syracuse University (’04)

 

  Career

 

•  Dean of School of Media and Communication and Graduate School of Journalism & Mass Communication, Korea University (’17 ~ Present)

 

•  Professor, School of Media & Communication, Korea University (’06 ~ Present)

 

•  Vice-Chairwoman, Korean Academic Society for Public Relations (’15~ ’16)

 

•  Advisor, Ministry of Land, Infrastructure and Transport (’15~ ’16)

 

•  Advisor, Korea Media Rating Board (’13~ ’14)

   New Appointment

 

6


5. Approval of Ceiling Amount of the Remuneration for Directors : Approved as originally submitted.

The number of directors and total amount and maximum authorized amount of compensation of directors are as follows:

 

    

Fiscal year 2017

  

Fiscal year 2018

Number of directors (Number of independent non-executive directors)

   6 persons (4 persons)    8 persons (5 persons)

Total amount and maximum authorized amount of compensation of directors

   Won 12 billion    Won 12 billion

 

7


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 T ELECOM C O ., L TD .
( Registrant )
By:  

/s/ Kim, Jinwon

  ( Signature )
Name:   Kim, Jinwon
Title:   Senior Vice President

Date: March 21, 2018

 

8

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