-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JTcAebCCILFjdhBA+jmw+uzBSBet31XfIWNgagMr3lvh+RZs8Hx2Dx1jM7uCmkcb IPCfupxKm1AySrr7hvYC7w== 0000950134-07-009073.txt : 20070426 0000950134-07-009073.hdr.sgml : 20070426 20070426060316 ACCESSION NUMBER: 0000950134-07-009073 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070421 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20070426 DATE AS OF CHANGE: 20070426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMKOR TECHNOLOGY INC CENTRAL INDEX KEY: 0001047127 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 231722724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29472 FILM NUMBER: 07789118 BUSINESS ADDRESS: STREET 1: 1900 SOUTH PRICE ROAD CITY: CHANDLER STATE: AZ ZIP: 85248 BUSINESS PHONE: 480-821-5000 MAIL ADDRESS: STREET 1: 1900 SOUTH PRICE ROAD CITY: CHANDLER STATE: AZ ZIP: 85248 8-K 1 p73760e8vk.htm 8-K e8vk
 

 
 
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)
April 21, 2007
 
AMKOR TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
         
DELAWARE   000-29472   23-1722724
         
(State or Other Jurisdiction of   (Commission File Number)   (IRS Employer
Incorporation)       Identification No.)
1900 SOUTH PRICE ROAD
CHANDLER, AZ 85248
(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))
 
 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) On April 21, 2007, the Compensation Committee (the “Committee”) of the Board of Directors of Amkor Technology, Inc. adopted the 2007 Executive Bonus Plan (the “Bonus Plan”) and annual base salary levels for our executive officers.
     The Committee approved specific corporate performance goals and associated target bonus amounts for each executive officer under the Bonus Plan. The target bonus amounts are based on the attainment of (i) gross profit goals (weighted at 50%), (ii) pre-tax income goals (weighted at 20%) and (iii) individual performance, as determined by management at its discretion (weighted at 30%) (collectively the “Bonus Goals”). Actual bonuses payable for 2007, if any, will depend on the extent to which our actual performance meets, exceeds or falls short of the Bonus Goals approved by the Compensation Committee. If we fail to achieve the Bonus Goals, the Bonus Plan provides that management, in its discretion, may award up to 50% of the individual performance portion of the target bonus amounts.
     The Committee also approved the 2007 annual base salaries for our executive officers.
     The following table sets forth for each named executive officer: (i) base salary as of May 1, 2007, and (ii) 2007 target bonus under the Bonus Plan.
                 
    2007 Salary   2007 Target Bonus
Name   (effective as of May 1, 2007)   under Bonus Plan
 
James J. Kim
Chairman and Chief Executive Officer
   $ 1,000,000     $ 1,250,000  
Oleg Khaykin
Executive Vice President and Chief Operating Officer
     550,000       550,000  
Kenneth T. Joyce
Executive Vice President and Chief Financial Officer
     400,000       340,000  
KyuHyun Kim
President of Amkor Technology Korea and Head of Worldwide Manufacturing Operations
     435,000       350,000  
James M. Fusaro
Corporate Vice President
     375,000       275,000  

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SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
Date: April 25, 2007  Amkor Technology, Inc.
 		  
  /s/ Kenneth T. Joyce    
  Kenneth T. Joyce   
  Executive Vice President and Chief Financial Officer   
 

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