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Kenneth T. Joyce served as the CEO of Amkor Technology, a major player in the semiconductor industry, from 2009 until his retirement in 2013. He has a strong background in finance, starting his career at Amkor in 1997 as the...

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Kenneth T. Joyce

Ex-CEO of Amkor Technology

Education

Bachelor's Degree in Finance

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Technology

Born

May 10, 1947 - 78 years ago

CEO of Amkor Technology for

3 years 9 months (Oct 2009 - Jul 2013)

Previous Experience

Chief Operating Officer, Executive Vice President and Chief Financial Officer at Amkor Technology Inc.

Holdings

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Kenneth T. Joyce's holdings saw interesting activity particularly in the years following his retirement. His insider trading activities included remarkable fluctuations that peaked in 2021, where he consistently traded shares valued between $3.67M to $4.78M per month. By the end...

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Insider Trading

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AMKR

60,000 shares

AMKR

Nov 6, 2012

Received

AMKR

80,000 shares

AMKR

Feb 14, 2011

Received

Compensation History

See how much did Kenneth T. Joyce make over time.

Kenneth T. Joyce's compensation during his time as CEO of Amkor Technology reflected a blend of salary and performance-based incentives. In 2013, his total compensation hit a high of $2.2 million, largely due to a lucrative retirement package. His base salary started at $675,000 in 2009 and saw increases over the years based on performance metrics like gross profit and market share. In 2011, he received a significant bonus of $391,500, which was tied to exceeding set targets. Overall, his compensation strategy was designed to keep executives aligned with the company's financial health and stock performance, ensuring that their goals matched those of shareholders.

Year

2013

Total Compensation

$2.21M

Salary

$273.27K

Board Justification

The compensation philosophy aims to attract and retain key executives while aligning their interests with those of the shareholders, focusing on performance-based compensation.

Bonus

$0.00

Board Justification

No bonus was earned for the year 2013 as he retired on May 8, 2013.

Other

$1.94M

Board Justification

This includes a lump sum cash payment of $1,450,000 and continued base salary for consulting services following retirement.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted to Kenneth T. Joyce in 2013 as he retired before any could vest.

Performance Metrics

The performance metrics for 2013 included sales growth, gross profit, and diluted earnings per share.