The company said the Amended Charter, which was approved by shareholders, took effect on June 12, 2025, and that starting with the 2030 annual meeting the classified Board will be fully terminated and all directors will be elected to 1-year terms.

1. 01

   The company said the Amended Charter, which was approved by shareholders, took effect on June 12, 2025, and that starting with the 2030 annual meeting the classified Board will be fully terminated and all directors will be elected to 1-year terms.

2. 02

   The company said that until directors are elected at the 2030 annual meeting, while the Board remains classified, directors may be removed only for cause, and that starting with 2030, they may be removed with or without cause. The Amended Bylaws did not require shareholder approval.

3. 03

   The company said shareholders approved the declassification proposal with 42,120,982 votes for, 52,600 against and 54,882 abstaining. The shareholder proposal to allow shareholders to call a special shareholder meeting was approved on an advisory basis with 24,592,391 votes for and 17,610,520 against.

4. 04

   The company said it announced in a press release on June 13, 2025 a Q2 cash dividend of $1.56 per common share. The dividend is payable to stockholders of record as of the close of business on June 30, 2025, and will be paid on July 15, 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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