Form 8-K/A WEBTOON Entertainment For: Mar 02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 5, 2026, WEBTOON Entertainment Inc. (the “Company”) filed a Current Report on Form 8-K (the “Initial Report”) with the Securities and Exchange Commission to report, among other things, the appointment of Yongsoo Kim as the President of the Company.
The Company is filing this Current Report on Form 8-K/A (this “Amendment”) to amend the Initial Report to disclose certain compensation information related to Mr. Kim’s appointment that was not determinable at the time of the filing of the Initial Report. Except as expressly set forth herein, this Amendment does not amend the Initial Report in any way and does not modify or update any other disclosures contained in the Initial Report. This Amendment supplements the Initial Report and should be read in conjunction with the Initial Report.
Mr. Kim entered into an amended long-term assignment letter with the Company, dated March 26, 2026, effective as of March 2, 2026, a copy of which is filed as Exhibit 10.1 to this Amendment.
In connection with his appointment as the President of the Company, on March 26, 2026, the Board of Directors (the “Board”) approved the following compensation arrangements for Mr. Kim: (i) his annual base salary will be KRW 711,110,000 (equivalent to approximately $500,000), (ii) his short-term incentive opportunity will be $500,000, and (iii) his long-term equity incentive opportunity will be $750,000 of restricted stock units and $750,000 of performance stock units.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | ||||||||||
10.1 | |||||||||||
104 | Cover Page Interactive Data File (embedded within the inline XBRL document) | ||||||||||
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.
| WEBTOON Entertainment Inc. | |||||||||||
| Date: | March 30, 2026 | By: | /s/ David J. Lee | ||||||||
| Name: | David J. Lee | ||||||||||
| Title: | Chief Financial Officer and Chief Operating Officer | ||||||||||
ATTACHMENTS / EXHIBITS
XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT