The company said Chairman and Chief Executive Officer George R. Oliver has informed the Board of his plan to retire and that the Board has begun a comprehensive search for its next Chief Executive Officer. Oliver will remain in his roles until a successor is named.

1. 01

   The company said Chairman and Chief Executive Officer George R. Oliver has informed the Board of his plan to retire and that the Board has begun a comprehensive search for its next Chief Executive Officer. Oliver will remain in his roles until a successor is named.

2. 02

   The company said it increased the Board to 13 directors and appointed Patrick K. Decker as a director effective on July 31, 2024, and also assigned him to the Compensation and Talent Development Committee. His term runs until the conclusion of the next annual general meeting of shareholders.

3. 03

   The company said it will pay Decker a prorated quarterly retainer of $24,429.24 for fiscal Q4 and granted him RSUs with a grant date of August 2, 2024 and a grant date fair value of $105,000. It said the grant represents the pro-rata value of an annual non-employee director award of $180,000.

4. 04

   The company said the Compensation and Talent Development Committee approved retention RSU awards on July 30, 2024 for Executive Vice President and Chief Financial Officer Marc Vandiepenbeeck and Lei Schiltz, each with a grant date fair value of $2,750,000. The awards cliff vest after 2 years.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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