UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF MARCH 2018
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrant’s name into English)
Euljiro 65(Euljiro2-ga), Jung-gu
Seoul 04539, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Results of the Annual General Meeting of Shareholders
| 1. | Approval of Financial Statements for the 34th Fiscal Year : Approved as originally submitted |
The 34th Fiscal Year (Fiscal Year ended December 31, 2017)
(in millions of Won, except for basic earnings per share)
| Consolidated |
• Total Assets |
33,428,669 | • Operating Revenue |
17,520,013 | ||||||||
| • Total Liabilities |
15,399,474 | • Operating Income |
1,536,626 | |||||||||
| • Share Capital |
44,639 | • Profit for the Year |
2,657,595 | |||||||||
| • Total Equity |
18,029,195 | • Basic Earnings per Share (Won) |
36,582 | |||||||||
| Separate |
• Total Assets |
25,557,522 | • Operating Revenue |
12,468,035 | ||||||||
| • Total Liabilities |
10,550,131 | • Operating Income |
1,697,709 | |||||||||
| • Share Capital |
44,639 | • Profit for the Year |
1,331,114 | |||||||||
| • Total Equity |
15,007,391 | • Basic Earnings per Share (Won) |
18,613 | |||||||||
| (1) | Prepared in accordance with International Financial Reporting Standards as adopted in Korea |
| (2) | Opinion of independent auditors: Unqualified |
< Approval of Cash Dividends>
(in Won, except for percentages)
| Cash Dividends |
Dividend per Share | Common Stock | Year-end Dividend | 9,000 | ||||||
| Interim Dividends | 1,000 | |||||||||
|
Total Cash Dividend |
|
708,091,600,000 |
| |||||||
|
Market Dividend Rate (%) (including interim dividend) |
Common Stock |
|
3.6 |
| ||||||
| Preferred Stock | — | |||||||||
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| 2. | Stock Option Grant : Approved as originally submitted |
1. Recipients : Suh, Sung Won, Lee, Sang Ho and Ryu, Young Sang
| Recipients |
Title |
Number of Shares |
||||
| Suh, Sung Won |
Head of MNO Business | 2,755 | ||||
| Lee, Sang Ho |
Head of Service Platform Business | 1,594 | ||||
| Ryu, Young Sang |
Head of Corporate Center | 1,358 | ||||
2. Share Type : Common Share (treasury shares)
3. Grant Date : February 20, 2018
4. Total Number of Shares : 5,707 shares
5. Exercise Period : February 21, 2020 ~ February 20, 2023
6. Exercise Price : Won 254,120. This price is calculated as the arithmetic mean of the volume weighted average closing prices from the following periods prior to the grant date: two months, one month and one week.
7. Other Noteworthy Matters
a. The recipient’s right to exercise all or part of the stock options, as the case may be, shall automatically terminate if the recipient is not continuously employed by the Company for a period of two years from the date of the stock option grant or if the recipient is not employed by the Company at the commencement of the exercise period.
b. Other terms of this stock option grant shall be governed by applicable laws and regulations, the Company’s articles of incorporation and the stock option grant agreement.
c. The total number of common shares granted as stock options to date (including this stock option grant) is 72,211 shares.
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| 3. | Approval of the Appointment of Directors : Approved as originally submitted |
(3-1) Elected Executive Director(Ryu, Young Sang)
| Name |
Term |
Profile |
Remarks | |||
|
Ryu, Young Sang |
3 years |
☐ Education
• Bachelor in Industrial Engineering, Seoul National University (’92)
• Master in Industrial Engineering, Seoul National University (’94)
• M.B.A., Washington University (’07)
☐ Career
• Head of Corporate Center, SK Telecom (’17 ~ Present)
• EVP of Business Development Group, SK Holdings Co., Ltd. (’15~ ’16)
• SVP of Business Development Office, SK Telecom Co., Ltd (’12~’14) |
New Appointment | |||
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(3-2) Elected Independent Non-Executive Director(Yoon, Young Min)
| Name |
Term |
Profile |
Remarks | |||
| Yoon, Young Min | 3 years |
☐ Education
• Bachelor in English Literature, Korea University (’86)
• Master in Advertising, Syracuse University (’93)
• Ph.D. in Mass Communication, Syracuse University (’04)
☐ Career
• Dean of School of Media and Communication and Graduate School of Journalism & Mass Communication, Korea University (’17 ~ Present)
• Professor, School of Media & Communication, Korea University (’06 ~ Present)
• Vice-Chairwoman, Korean Academic Society for Public Relations (’15~ ’16)
• Advisor, Ministry of Land, Infrastructure and Transport (’15~ ’16)
• Advisor, Korea Media Rating Board (’13~ ’14) |
New Appointment |
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| 4. | Approval of the Appointment of member of the Audit Committee : Approved as originally submitted |
| Name |
Term |
Profile |
Remarks | |||
| Yoon, Young Min | 3 years |
☐ Education
• Bachelor in English Literature, Korea University (’86)
• Master in Advertising, Syracuse University (’93)
• Ph.D. in Mass Communication, Syracuse University (’04)
☐ Career
• Dean of School of Media and Communication and Graduate School of Journalism & Mass Communication, Korea University (’17 ~ Present)
• Professor, School of Media & Communication, Korea University (’06 ~ Present)
• Vice-Chairwoman, Korean Academic Society for Public Relations (’15~ ’16)
• Advisor, Ministry of Land, Infrastructure and Transport (’15~ ’16)
• Advisor, Korea Media Rating Board (’13~ ’14) |
New Appointment |
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| 5. | Approval of Ceiling Amount of the Remuneration for Directors : Approved as originally submitted. |
The number of directors and total amount and maximum authorized amount of compensation of directors are as follows:
| Fiscal year 2017 |
Fiscal year 2018 | |||
| Number of directors (Number of independent non-executive directors) |
6 persons (4 persons) | 8 persons (5 persons) | ||
| Total amount and maximum authorized amount of compensation of directors |
Won 12 billion | Won 12 billion | ||
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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, thereunto duly authorized.
| SK TELECOM CO., LTD. | ||
| (Registrant) | ||
| By: | /s/ Kim, Jinwon | |
| (Signature) | ||
| Name: | Kim, Jinwon | |
| Title: | Senior Vice President | |
Date: March 21, 2018
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