Securities Registration: Employee Benefit Plan (s-8)
February 22 2018 - 4:57PM
Edgar (US Regulatory)
As filed with the Securities and Exchange Commission on February 22, 2018
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
S-8
REGISTRATION STATEMENT
UNDER
THE
SECURITIES ACT OF 1933
MagnaChip Semiconductor Corporation
(Exact name of registrant as specified in its charter)
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Delaware
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83-0406195
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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c/o MagnaChip Semiconductor S.A.
1, Allée Scheffer,
L-2520
Luxembourg, Grand Duchy of Luxembourg
(Address of principal executive offices)
MAGNACHIP
SEMICONDUCTOR CORPORATION 2011 EQUITY INCENTIVE PLAN (as amended, the 2011 Plan)
(Full title of plans)
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(Copy to:)
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Theodore S. Kim
Chief Compliance Officer, EVP, General Counsel and Secretary
c/o MagnaChip Semiconductor, Inc.
60 South Market Street, Suite 750
San Jose, CA 95113
Tel:
(408)
625-5999
Fax: (408)
625-5990
(Name, address and telephone number, including area code, of agent for
service)
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Micheal J. Reagan, Esq.
W. Stuart Ogg, Esq.
Jones
Day
1755 Embarcadero Road
Palo Alto, CA 94303
Tel:
(650)
739-3939
Fax: (650)
739-3900
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Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a
non-accelerated
filer, or a smaller reporting company. (Check one):
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Large accelerated filer
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☐
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Accelerated filer
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☒
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Non-accelerated filer
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☐ (Do not check if a smaller reporting company)
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Smaller reporting company
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☐
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Emerging growth company
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☐
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
CALCULATION
OF REGISTRATION FEE
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Title of Securities to be Registered
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Amount
to be
Registered(1)
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Proposed
Maximum
Offering Price
Per
Share(3)
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Proposed
Maximum
Aggregate
Offering Price(3)
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Amount of
Registration Fee(3)
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Common Stock, par value $0.01 per share
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- Shares available for future awards
under the 2011 Plan
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683,917(2)
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$9.63
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$6,586,120.71
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$819.97
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(1)
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The amount being registered also includes an indeterminate number of shares of Common Stock that may be offered or issued by reason of stock splits, stock dividends and anti-dilution provisions and other terms pursuant
to Rule 416 under the Securities Act of 1933, as amended.
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(2)
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Represents shares of Common Stock that were automatically added to the shares authorized for issuance under the Registrants 2011 Plan on January 1, 2018 pursuant to an evergreen provision
contained in the 2011 Plan. Pursuant to such provision, on January 1st of each calendar year commencing in 2012 and ending on (and including) January 1, 2021, the number of shares authorized for issuance under the 2011 Plan is automatically
increased by a number equal to the smaller of (i) two percent (2%) of the number of shares of Common Stock issued and outstanding on December 31
st
of the preceding calendar year or
(ii) an amount determined by the Registrants Board of Directors. Also represents 126 shares that were automatically added to the shares authorized for issuance under the Registrants 2011 Plan on January 1, 2017 pursuant to the
evergreen provision that were not previously registered under the Registration Statement on Form
S-8
filed by the Registrant with the Securities and Exchange Commission on February 23, 2017 (No.
333-21604).
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(3)
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Determined solely for purposes of calculating the registration fee pursuant to Rule 457(c) and (h). The proposed maximum offering price per share, proposed maximum aggregate offering price and the amount of the
registration fee are based on $9.63, which is the average of the high and low prices for the Registrants Common Stock as reported on the New York Stock Exchange on February 16, 2018.
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INCORPORATION BY REFERENCE OF CONTENTS OF
REGISTRATION STATEMENTS ON FORM
S-8
NOS.
333-172864,
333-180696,
333-186789,
333-202120,
333-209756
AND
333-216204
This Registration Statement is being filed for the purpose of increasing the
number of securities of the same class as other securities for which a Registration Statement on Form
S-8
relating to the same benefit plan is effective pursuant to the automatic increase provisions of such
plan. The Registrant previously registered shares of its Common Stock for issuance under the 2011 Plan under the following registration statements: a Registration Statement on Form
S-8
filed with the
Securities and Exchange Commission (SEC) on March 16, 2011 (File
No. 333-172864);
a Registration Statement on Form
S-8
filed with the SEC on
April 13, 2012 (File
No. 333-180696);
a Registration Statement on Form
S-8
filed with the SEC on February 22, 2013 (File
No. 333-186789);
a Registration Statement on Form
S-8
filed with the SEC on February 17, 2015 (File
No. 333-202120);
a Registration Statement on Form
S-8
filed with the SEC on February 26, 2016 (File
No. 333-209756);
and a Registration Statement on Form
S-8
filed with the SEC on February 23, 2017 (File
No. 333-216204).
Pursuant to General Instruction E to Form
S-8,
this Registration Statement hereby incorporates by reference the contents of the Registration Statements referenced above with respect to the shares of common stock registered under the 2011 Plan.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form
S-8
and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in Seoul, Republic of Korea
on February 22, 2018.
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MAGNACHIP SEMICONDUCTOR CORPORATION
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By:
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/s/ Young-Joon Kim
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Young-Joon Kim
Chief Executive Officer (Principal Executive Officer)
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Young-Joon Kim and Jonathan W. Kim
and each or either of them, as his or her true and lawful
attorney-in-fact
and agent, with full power of substitution and resubstitution, for him and in his name, place
and stead, in any and all capacities, to sign any and all amendments to this registration statement on
Form S-8,
including any and all post-effective amendments and amendments thereto, and to file the
same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact
and agent,
full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact
and agent, or his substitutes or substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement on Form
S-8
has been signed below by the following persons on behalf of MagnaChip Semiconductor Corporation and in the capacities and on the dates indicated:
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Date
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/s/ Young-Joon Kim
Young-Joon Kim,
Chief Executive Officer (Principal Executive Officer) and Director
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February 22, 2018
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/s/ Jonathan W. Kim
Jonathan W. Kim,
Chief Financial Officer, Executive Vice President and Chief Accounting Officer (Principal Financial and Accounting Officer)
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February 22, 2018
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/s/ Melvin Keating
Melvin Keating,
Director
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February 22, 2018
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/s/ Randal Klein
Randal Klein,
Director
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February 22, 2018
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/s/ Ilbok Lee
Ilbok Lee,
Director
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February 22, 2018
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/s/ Camillo Martino
Camillo Martino,
Director
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February 22, 2018
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/s/ Gary Tanner
Gary Tanner,
Non-
Executive Chairman of the Board of Directors
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February 22, 2018
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/s/ Nader Tavakoli
Nader Tavakoli,
Director
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February 22, 2018
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