Susan Y. Kim
AMKOR TECHNOLOGYAbout Susan Y. Kim
Susan Y. Kim (age 62) is Chairman of the Board of Amkor Technology, Inc., serving as a director since February 2015; she became Chairman in October 2024 after serving as Executive Vice Chairman (August 2020–October 2024) and Vice Chairman (May–August 2020) . She holds a B.A. in Sociology from Hamilton College and has board experience across philanthropic and educational institutions and an international publicly traded consumer electronics company, alongside experience in the semiconductor industry and human capital management .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Amkor Technology, Inc. | Chairman of the Board | Oct 2024–present | Board leadership; liaison with independent directors via Lead Independent Director structure |
| Amkor Technology, Inc. | Executive Vice Chairman | Aug 2020–Oct 2024 | Board leadership (non-employee director by year end 2024) |
| Amkor Technology, Inc. | Vice Chairman | May 2020–Aug 2020 | Board leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Catholic Foundation of Greater Philadelphia | Board of Trustees | Not disclosed | Current trustee |
| National Constitution Center | Director | Past | Prior board service |
| The Franklin Institute | Director | Past | Prior board service |
| Gesu School | Director | Past | Prior board service |
| The Shipley School | Director | Past | Prior board service |
| EB Games | Director | Past | Prior board service |
| International publicly traded consumer electronics company | Director | Past | Unspecified name; cited in biography |
Board Governance
- Independence: The Board determined nine independent directors; Ms. Kim is not listed among the independent directors under Nasdaq/SEC rules .
- Board/Committee meetings: The Board met six times in 2024; all directors attended at least 75% of Board and applicable committee meetings .
- Annual meeting attendance: All but one director attended the 2024 Annual Meeting .
- Board leadership: Ms. Kim serves as Chairman; Winston J. Churchill serves as Lead Independent Director coordinating independent director activities .
- Executive sessions: Non-employee directors regularly hold executive sessions; committees meet separately as appropriate .
| Committee | Members | Chair | 2024 Meetings |
|---|---|---|---|
| Audit | Roger A. Carolin; MaryFrances McCourt; Robert R. Morse | Roger A. Carolin | Nine |
| Compensation | Winston J. Churchill; Roger A. Carolin; Robert R. Morse; David N. Watson | Winston J. Churchill | Eight |
| Nominating & Governance | Winston J. Churchill; Douglas A. Alexander; Roger A. Carolin; Gil C. Tily | Winston J. Churchill | Five |
| Chairman (Board) | Susan Y. Kim | N/A | N/A |
Ms. Kim is not listed as a member of the standing committees; her role is Board Chairman .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual Board retainer (non-employee directors) | $85,000 | Paid quarterly; pro-rated if service <1 year |
| Chairman additional retainer | $150,000 | Paid quarterly; applies to Ms. Kim |
| Lead Independent Director additional retainer | $30,000 | For Lead Independent Director (Churchill) |
| Committee chair retainers | Audit $25,000; Compensation $15,000; Nominating $10,000 | For chair roles |
| Committee member retainers | Audit $12,000; Compensation $10,000; Nominating $7,500 | Including chair |
| Expense reimbursement | Actuals | Travel and reasonable out-of-pocket expenses |
| Anti-hedging/pledging | Prohibited | No hedging or pledging of company securities |
| 2024 Director Compensation (Ms. Kim) | Amount ($) | Detail |
|---|---|---|
| Fees earned or paid in cash | 143,500 | Quarterly; reflects role change in Oct 2024 |
| Stock awards (RSUs) | 194,972 | Annual grant; time-vested RSUs |
| All other compensation | 1 | Fractional DEU cash payment |
| Total | 338,473 | Sum of components |
Performance Compensation
| Item | Terms | Metrics | Vesting |
|---|---|---|---|
| Annual director equity grant (RSUs) | $195,000 grant-date fair value (rounded to whole shares) | None (time-based only); DEUs accrue on cash dividends | Vest in full on earlier of 1-year anniversary or next annual meeting |
No performance-based equity (e.g., PSUs) or cash bonus metrics are disclosed for non-employee directors; annual RSU grants are time-vested and not linked to financial/ESG performance .
Other Directorships & Interlocks
| Company/Institution | Public/Private | Role | Notes |
|---|---|---|---|
| Catholic Foundation of Greater Philadelphia | Non-profit | Trustee | Active role |
| National Constitution Center; The Franklin Institute; Gesu School; The Shipley School | Non-profit | Director | Prior board service |
| EB Games | Corporate | Director | Prior board service |
| International publicly traded consumer electronics company | Public | Director | Unspecified entity; prior service |
Compensation Committee interlocks: None—no Amkor executive served on another company’s compensation committee where Amkor executives served as directors; no member of Amkor’s Compensation Committee was an Amkor officer/employee in 2024 .
Expertise & Qualifications
- Semiconductor industry and human capital management experience cited by the Board as qualifying attributes .
- Extensive board service across corporate and educational/non-profit institutions .
- Education: B.A., Sociology, Hamilton College .
Equity Ownership
| Measure | Amount | Notes |
|---|---|---|
| Beneficial ownership (shares) | 64,922,570 | As of Mar 20, 2025 |
| Beneficial ownership (%) | 26.3% | As of Mar 20, 2025 |
| Options outstanding (as of Dec 31, 2024) | 120,000 | Director stock options outstanding |
| Unvested RSUs (as of Dec 31, 2024) | 5,991 | Includes rounded DEUs accrued; annual grant from 2024 meeting |
| Stock ownership guideline (directors) | 5× annual cash retainer | Expected within five years; 50% post-tax retention until met |
| Guideline compliance (as of Dec 31, 2024) | In compliance | All non-employee directors in compliance/met minimums |
| Anti-pledging/hedging status | Prohibited | Company policy prohibits hedging and pledging |
Kim Family Group ownership concentration: The Kim Family Group beneficially owns 53.6% of Amkor; Ms. Kim individually is reported at 26.3% .
Governance Assessment
- Independence and control: Ms. Kim is Chairman and not an independent director under Nasdaq/SEC standards; combined with 26.3% individual ownership and the Kim Family Group’s 53.6% stake, this indicates significant influence/control, warranting monitoring of board independence balance and committee structures as mitigating mechanisms .
- Committee separation: Ms. Kim is not listed on standing committees; the Audit, Compensation, and Nominating & Governance Committees are fully independent and chaired by the Lead Independent Director (Compensation; Nominating) or an independent director (Audit), which mitigates potential conflicts from concentrated ownership .
- Attendance and engagement: Board met six times in 2024 with at least 75% attendance by all directors; non-employee executive sessions regularly occur, supporting board effectiveness and independent oversight .
- Director pay alignment: Compensation is a mix of cash retainer plus time-vested RSUs with DEUs; no performance metrics for directors, but strong stock ownership guidelines (5× retainer) and Ms. Kim’s substantial beneficial ownership align interests with shareholders .
- Related-party oversight: No related-party transactions requiring disclosure since January 1, 2024; Audit Committee oversees related-party approvals per policy .
- Clawback and trading policies: Company maintains a clawback policy for executives and prohibits hedging/pledging for directors/officers/employees, addressing alignment and risk controls; while clawback targets executives, anti-hedging/pledging applies to directors .
- Shareholder signals: Say-on-pay for 2023 NEO compensation received >98% support at the 2024 Annual Meeting, suggesting investor confidence in compensation governance, though this pertains to executives rather than directors .
RED FLAGS: Concentrated control (Kim Family Group 53.6%; Ms. Kim 26.3%) increases potential for perceived conflicts or influence; continued reliance on independent committees and Lead Independent Director structures is critical to investor confidence . No pledging permitted and no related-party transactions disclosed in 2024 are mitigating factors .