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The company said Richard K. Templeton notified the Board of Directors on October 16, 2025 that he will retire as executive chairman and as a member of the Board on December 31, 2025.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said Richard K. Templeton notified the Board of Directors on October 16, 2025 that he will retire as executive chairman and as a member of the Board on December 31, 2025.

  2. The company said the Board has appointed Haviv Ilan, the company's president and chief executive officer, as the company's new chairman, effective on Mr. Templeton's retirement.

  3. In its press release, the company said the board has elected Ilan to take on the additional role as chairman beginning January 2026, and that Templeton will retire at the end of 2025 after a 45-year career with the company.

  4. The company said Ilan has been a member of the board of directors since 2021 and president and CEO since 2023, and that prior to that he was chief operating officer and held senior leadership positions across the company during his 26-year career at the company.

Summary

AI-written

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.

Richard K. Templeton Retirement Notification

The company said Richard K. Templeton notified the Board of Directors on October 16, 2025 that he will retire as executive chairman and as a member of the Board on December 31, 2025.

Source · Based on the filing body and exhibits

Haviv Ilan Appointed New Chairman

The company said the Board has appointed Haviv Ilan, the company's president and chief executive officer, as the company's new chairman, effective on Mr. Templeton's retirement.

Source · Based on the filing body and exhibits

Press Release: Chairman Role Start Date and Templeton Career

In its press release, the company said the board has elected Ilan to take on the additional role as chairman beginning January 2026, and that Templeton will retire at the end of 2025 after a 45-year career with the company.

Source · Based on the filing body and exhibits

Ilan's Board and Executive Career

The company said Ilan has been a member of the board of directors since 2021 and president and CEO since 2023, and that prior to that he was chief operating officer and held senior leadership positions across the company during his 26-year career at the company.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.