SK hynix Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission on October 28, 2026, disclosing that its board of directors approved the acquisition of up to 14,920,000 common treasury shares for an estimated aggregate value of Won 20,007,720,000,000.

Key Highlights

  • Shares to be acquired: 14,920,000 common shares, with no other share classes included.
  • Estimated aggregate acquisition value: Won 20,007,720,000,000.
  • Planned acquisition period: October 29, 2026 to January 28, 2027, via open-market purchase.
  • Split purpose: Approximately Won 10 trillion is designated for improving shareholder value and approximately Won 10 trillion for equity-based compensation, including bonuses for executive officers and employees.
  • Brokerage agents: SK Securities Co., Ltd. and NH Investment & Securities Co., Ltd.
  • Maximum daily purchase order: 1,492,000 common shares.
  • Treasury shares held before this decision: 25,318,968 common shares (3.47% of shares) under the dividends-payable limit, plus 73 shares from other acquisition.

SK hynix Board Authorizes Won 20 Trillion Treasury Share Repurchase Program

According to the filing, the board of directors of SK hynix Inc. (NASDAQ:SKHY) resolved on October 28, 2026 to acquire treasury shares for two stated purposes: improving shareholder value and providing equity-based compensation to executive officers and employees. The company disclosed that the share count of 14,920,000 was calculated by dividing the estimated aggregate acquisition value of Won 20,007,720,000,000 by the closing price of the company's common shares on October 27, 2026, which the filing states was Won 1,341,000. The filing notes that "the actual number of treasury shares acquired may change depending on future movements in the Company's share price."

The repurchase is to be conducted through open-market purchases on the stock exchange, with SK Securities Co., Ltd. and NH Investment & Securities Co., Ltd. acting as investment brokerage agents. The filing states that the maximum daily purchase order is 1,492,000 common shares, calculated as the lesser of 10% of the shares reported for acquisition (1,492,000 shares) and 1% of total issued shares (7,304,923 shares), as the former exceeded the 25% of average daily trading volume figure of 864,904 shares.

The filing further discloses that as of October 28, 2026, the company held 25,319,041 common treasury shares in total. Regarding the approximately Won 10 trillion allocated for compensation purposes, the filing states that "the amount allocated for compensation for executive officers and employees purposes remains subject to change depending on the Company's future determination of the size of such compensation." The total limit on treasury share acquisition amount, as calculated in the filing, is Won 49,441,280,750,708. All six independent directors were present at the board meeting, with none absent, according to the filing.

What Was Disclosed

SK hynix Inc. disclosed a board-approved plan to repurchase up to 14,920,000 common shares for an estimated Won 20,007,720,000,000 between October 29, 2026 and January 28, 2027, split approximately evenly between shareholder value improvement and employee compensation purposes.