The company entered into a compensation letter agreement with Peter Osvaldik, its Executive Vice President and Chief Financial Officer, on September 12, 2024, and his employment will continue until July 2, 2026.

1. 01

   The company entered into a compensation letter agreement with Peter Osvaldik, its Executive Vice President and Chief Financial Officer, on September 12, 2024, and his employment will continue until July 2, 2026.

2. 02

   The company agreed to pay Peter Osvaldik an annual base salary of at least $975,000, a short-term cash incentive target of at least 200%, and a long-term incentive target value of at least 250% of the sum of his base salary and target short-term incentive.

3. 03

   The company said that if Peter Osvaldik's employment ends because it is not extended, he will receive a lump-sum payment equal to 2.5x the target grant-date value of his 2023 Special PRSU Award, minus the value of the portion vesting as of July 1, 2026, with the payment not to exceed $10,000,000. He will also receive Company-paid health and dental coverage for up to 18 months.

4. 04

   The company said that if a termination without cause or resignation for good reason occurs before July 2, 2026, Peter Osvaldik will receive a pro-rated lump-sum payment, capped at a pro-rated portion of $10,000,000, and that if such a termination occurs before July 1, 2026, a portion of his 2023 Special PRSU Award will vest.

Analysis scope · Filing bodyWe 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.