UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
April 14, 2005
AMKOR TECHNOLOGY, INC.
| DELAWARE | 000-29472 | 23-1722724 | ||
| (State or Other Jurisdiction of | (Commission File Number) | (IRS Employer | ||
| Incorporation) | Identification No.) |
1345 ENTERPRISE DRIVE
WEST CHESTER, PA 19380
(Address of Principal Executive Offices, including Zip Code)
(610) 431-9600
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||
| Item 1.01. Entry Into a Material Definitive Agreement. | ||||||||
| SIGNATURES | ||||||||
Item 1.01. Entry Into a Material Definitive Agreement.
On April 14, 2005 Amkor Technology, Inc. (“Amkor”) reached resolution with Seagate Technology LLC with respect to pending litigation involving allegedly defective epoxy mold compound. As part of a broader settlement agreement among all parties to this matter, Amkor has agreed to pay $5.0 million in consideration of a release from all claims related to this litigation. Amkor will continue to incur legal expenses in defense of the other pending cases related to the mold compound litigation matter. These other pending cases are more fully discussed in Amkor’s December 31, 2004 Form 10-K.
As a result of the settlement, Amkor will record a charge of $5.0 million (with no associated tax benefit), or $0.03 per share, in the Consolidated Statement of Operations for the three months ended March 31, 2005.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| AMKOR TECHNOLOGY, INC. |
||||
| By: | /s/ Kenneth T. Joyce | |||
| Kenneth T. Joyce | ||||
| Chief Financial Officer | ||||
Date: April 20, 2005