Report of Foreign Issuer (6-k)

Date : 03/08/2019 @ 11:09AM
Source : Edgar (US Regulatory)
Stock : Gravity Co Ltd (GRVY)
Quote : 37.47  -0.38 (-1.00%) @ 9:30PM

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 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of March 2019

Commission File Number 000-51138

 

GRAVITY CO., LTD.
———————————————————————————————————————

(Translation of registrant’s name into English)

 

15F, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795, 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): 



PUBLIC NOTICE FOR CONVOCATION OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF GRAVITY CO., LTD. (the "Company")

 

We would like to inform the Company’s shareholders that the Annual General Meeting of Shareholders (“AGM”) will be held pursuant to Article 22 of the Articles of Incorporation and that all shareholders registered as of December 31, 2018 are cordially invited to attend the Annual General Meeting of Shareholders.

 

 

1. Date and Time: Friday, March 29, 2019, at 10:00 A.M. (Seoul Time)

 

2. Venue: Conference Room #2 located at 3F, Business Tower, 396 World Cup buk-ro, Mapo-gu, Seoul 121-795 Korea

 

3. Agenda

a) Agenda to be reported

Agendum 1: Audit results, Business reports and Management’s report on Internal Control over Financial Reporting for the Fiscal Year 2018 (from January 1, 2018 to December 31, 2018)

b) Agenda to be proposed for resolution

 

Agendum

1: Approval of Non-consolidated and Consolidated Financial Statements for the Fiscal Year 2018

 

2: Approval of Appointment of Directors

 

3: Approval of the Compensation Ceiling for Directors in 2019

 

  

 

Agendum 1: Approval of Non-consolidated and Consolidated Financial Statements for the Fiscal Year 2018

 

 

<Summary of Non-consolidated Financial Statements>

 

 

2017

 

 

2018

 

 

 

 

2017

 

 

2018

 

 

 

(In millions of Korean Won)

 

 

 

 

(In millions of Korean Won)

 

Total Assets

 

 

111,417

 

 

 

106,005

 

 

Revenues

 

 

119,423

 

 

 

198,698

 

Total liabilities

 

 

66,384

 

 

 

28,217

 

 

Operating Income

 

 

13,676

 

 

 

40,451

 

Capital stock

 

 

3,474

 

 

 

3,474

 

 

Income before income tax

 

 

13,922

 

 

 

35,139

 

Total shareholders’ equity

 

 

45,033

 

 

 

77,788

 

 

Net Income(loss)

 

 

12,982

 

 

 

32,677

 

 

 

<Summary of Consolidated Financial Statements 1 ) >

 

 

2017

 

 

2018

 

 

 

 

2017

 

 

2018

 

 

 

(In millions of Korean Won)

 

 

 

 

(In millions of Korean Won)

 

Total Assets

 

 

115,883

 

 

 

173,174

 

 

Revenues

 

 

141,623

 

 

 

286,770

 

Total liabilities

 

 

71,885

 

 

 

97,622

 

 

Operating Income

 

 

14,138

 

 

 

33,889

 

Capital stock

 

 

3,474

 

 

 

3,474

 

 

Income before income tax

 

 

14,458

 

 

 

34,439

 

Total shareholders’ equity

 

 

43,998

 

 

 

75,552

 

 

Net Income

 

 

13,314

 

 

 

31,386

 

 

 

1 ) The consolidated subsidiaries as of December 31, 2018 are NeoCyon, Inc., Gravity Interactive, Inc., Gravity Entertainment Corporation, and Gravity Communications Co., Ltd.

 

 

 

 


Agendum 2: Approval of Appointment of Directors

 

- 6 persons were nominated for reappointment as the terms expire in March 2019 and 1 person was nominated for appointment:


 

Name

 

Major experience

 

Memo

Hyun Chul Park

 

Gravity Co., Ltd., Chief Executive Officer (2011-present) , Corporate Management Office, Officer (2009-2011)

NeoCyon, Inc., Director (2009-present), Chief Operating Officer (2012-present), Chief Strategy Officer (2010-2012)

Gravity Interactive, Inc., Director (2014-present)

Gravity Communications Co., Ltd., Director (2018-present)

Gravity Games Corporation, Director (2010-2018)

GungHo Online Entertainment, Inc., G eneral Manager, GV Business Division(Formerly known as International Business Division) (2007-present)

Tokyo College of Technology (currently, Tokyo College of Automotive Technology), Diploma in Automotive Maintenance (1998)

 

Reappointment

Yoshinori Kitamura

 

Gravity Co., Ltd., Chairman of the Board of Directors (2011-present), Executive Director and Chief Operating Officer (2008-present)

NeoCyon, Inc., Chief Executive Officer (2009-present), Director (2008-2009)

Gravity Interactive, Inc., Chief Executive Officer (2008-present)

Gravity Entertainment Corporation, Chief Executive Officer (2008-present)

Gravity Communications Co., Ltd., Chief Executive Officer (2018-present)

Gravity Games Corporation, Director (2010-2018)

GungHo Online Entertainment, Inc., Director (2006-present), Executive General Manager of GV Business Division(Formerly known as International Business Division) (2007-present), General Manager of Marketing Division (2003-2007)

Bunkyo University, B.A. in English Language and Literature (1992)

 

Reappointment

Kazuki Morishita

 

Gravity Co., Ltd., Executive Director (2008-present)

GungHo Online Entertainment, Inc., President & Chief Executive Officer (2004-present), Chief Operating Officer (2002-2004)

SUPERTRICK GAMES,Inc., President (2018-present), Director(2013-2018)

Grasshopper Manufacture, Inc., Director (2018-present)

GungHo Online Entertainment America, Inc., Director (2012-present)

Game Arts Co., Ltd., President (2008-present), Director (2005-2008)

High School affiliated with Chiba University of Commerce (1992)

 

Reappointment

Kazuya Sakai

 

Gravity Co., Ltd., Executive Director (2009-present)

GungHo Online Entertainment, Inc., Chief Financial Officer (2004-present), Director (2005-present), Investor Relations Officer (2011-2014)

Gungho Online Entertainment Asia Pacific PTE. Ltd., Director(2014-present)

SUPERTRICK GAMES,Inc., Director (2013-present)

Grasshopper Manufacture, Inc., Director (2018-present)

GungHo Online Entertainment America, Inc., Director (2012-present)

Acquire Corp., Auditor (2011-2015), Director (2015-Present)

GAME ARTS Co.,Ltd., Director(2017-present)

PlayPhone,Inc., Director(2015-present)

GungHo Gamania Co., Ltd., Director(2015-present)

Kyushu Sangyo University, B. Com.(1987)

 

Reappointment

Name

 

Major experience

 

 

Doo Hyun Ryu

 

Gravity Co., Ltd., Independent Director (2011-present)

Logos Law, LLC., Partner (2001-present), Branch Manager of Vietnam Office (2010-present, 2006-2008), Branch Manager of Cambodia Office (2007-2008)

Shanghai International Arbitration Center, Arbitrator (2013-present)

The Korean Commercial Arbitration Board, Arbitrator (2011-present)

The Korean Bar Examination (1986) , The Juridical Research and Training Institute (18th, 1989)

Seoul National University, LL.B. (1985)

 

Reappointment


Jung Yoo

 

Gravity Co., Ltd., Independent Director (2011-present)

Merry Year International, Director (2014-present)

Samhasa GP, Representative Partner (2007- present)

Euidang Foundation, Member of the Board of Trustees (2007-present)

INSEAD, MBA (1995)

Waseda University, M.A. in Commerce (1987)

University of Southern California, B.A. in East Asian Languages and Cultures (1984)

 

Reappointment

Yong Seon Kwon

 

Jeonghyeon Tax Services Company, Director (2019-present)

Sokcho Tax office, Taxpayer Advocate Manager (2015-2018)

Jungbu Regional Tax office, Litigation Officer (2012- 2014)

Jungbu Regional Tax office/ Bucheon Tax Office, Team Manager (2010-2012)

Suwon Tax office/ National Tax Service, Investigator (2000-2009)

Seocho Tax office / Anyang, Ansan Tax office, Investigator (1992-2000)

Guro, Sogong Tax office / Gangseo Tax office, Investigator (1983-1992)

University of Seoul, B.A. in Accounting (1986)

 

Appointment

 

Agendum 3: Approval of the Compensation Ceiling for the Directors in 2019

- For 2019, it is proposed to maintain KRW 1.4 billion as the total remuneration limit for Directors.


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.

 

GRAVITY CO., LTD.

 

 

By:

/s/ Heung Gon Kim

Name:

Heung Gon Kim

Title:

Chief Financial Officer

Date: March 8, 2019

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