The company said its board appointed Ashley McEvoy as President and Chief Executive Officer and as a Class III Director, effective on April 28, 2025. James R. Hollingshead, who was succeeded, had his employment end on the same day and resigned from the board, and he entered into a consulting arrangement with the company.

1. 01

   The company said its board appointed Ashley McEvoy as President and Chief Executive Officer and as a Class III Director, effective on April 28, 2025. James R. Hollingshead, who was succeeded, had his employment end on the same day and resigned from the board, and he entered into a consulting arrangement with the company.

2. 02

   The company said it granted McEvoy new hire equity awards with a total target grant date value of $15,000,000, consisting of a prorated annual equity award for fiscal 2025 of $10,000,000 and an employment inducement award of $5,000,000. It said her annual base salary will be $1,150,000 and her target annual bonus will be 130% of her base salary.

3. 03

   In a press release dated April 28, 2025, the company said it expects to exceed its previously provided revenue guidance for Q1 and intends to raise its full-year outlook. It said it has postponed its Investor Day, which was scheduled for June 5, 2025, because of the CEO transition.

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. Some paragraphs were omitted because their support in the source could not be confirmed.

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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