UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
August 6, 2007
AMKOR TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
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| DELAWARE
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000-29472
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23-1722724 |
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| (State or Other Jurisdiction of
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(Commission File Number)
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(IRS Employer |
| Incorporation)
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Identification No.) |
1900 SOUTH PRICE ROAD
CHANDLER, AZ 85286
(Address of Principal Executive Offices, including Zip Code)
(480) 821-5000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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))
TABLE OF CONTENTS
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On June 28, 2007, the Board of Directors of Amkor Technology, Inc. (the “Company”) approved,
subject to stockholder approval, the adoption of the 2007 Executive Incentive Bonus Plan (the
“Bonus Plan”) and the 2007 Equity Incentive Plan (the “Incentive Plan”, and together with the Bonus
Plan, the “Plans”). At our annual meeting of stockholders on August 6, 2007, the
stockholders approved the Plans. The Plans will be effective on January 1, 2008.
2007 Executive Incentive Bonus Plan
The
purpose of the Bonus Plan is to increase stockholder value and the
success of the Company by motivating key executives to perform to the
best of their abilities, and achieve the Company’s objectives. The
Bonus Plan will be administered by the Compensation Committee of the Board of Directors. Under the
Bonus Plan, participants will be eligible to receive awards based upon the attainment and
certification of certain performance criteria established by the Compensation Committee. The
amounts that will be paid pursuant to the Bonus Plan are not currently determinable as awards are
determined based on actual future performance. The maximum bonus payment that any participant may
receive under the Bonus Plan in any year is the lesser of $3,000,000 or 200% of the participant’s
base salary.
The
Bonus Plan is described in detail in our 2007 proxy statement on Schedule 14-A
filed with the Securities and Exchange Commission on July 13, 2007 in connection with the annual
meeting of stockholders held on August 6, 2007. The descriptions of the Bonus Plan set forth
herein and in the proxy statement do not purport to be complete and are qualified in their entirety
by reference to the full text of the Bonus Plan, which is filed as an exhibit hereto.
2007 Equity Incentive Plan
The
purpose of the Incentive Plan is: (i) to attract and retain the
best available personnel for positions of substantial responsibility,
(ii) to provide incentives to individuals who perform services
to the Company, and (iii) to promote the success of the
Company’s business. The Incentive Plan
provides for the grant of the following types of incentive awards: (i) stock options, (ii)
restricted stock, (iii) restricted stock units, (iv) stock appreciation rights, (v) performance
units and performance shares, and (vi) other stock or cash awards. Employees, directors and
consultants who provide services to the Company or its subsidiaries will be eligible for awards
under the Incentive Plan. The Board has reserved 17,000,000 shares of our common stock for issuance
under the Incentive Plan. The shares may be authorized, but unissued, or reacquired common stock.
The Board, or committees appointed by the Board, will administer the Incentive Plan.
The
Incentive Plan will replace our 1998 Stock Plan and 1998 Director Option Plan,
effective as of January 1, 2008.
The
Incentive Plan is described in detail in our 2007 proxy statement on Schedule
14-A filed with the Securities and Exchange Commission on July 13, 2007 in connection with the
annual meeting of stockholders held on August 6, 2007. The descriptions of the Incentive Plan set
forth herein and in the proxy statement do not purport to be complete and are qualified in their
entirety by reference to the full text of the Incentive Plan, which is filed as an exhibit hereto.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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10.1 |
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2007 Executive Incentive Bonus Plan |
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10.2 |
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2007 Equity Incentive Plan |
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