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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2008
MIRAE CORPORATION
(Translation of registrant’s name into English)
#9-2, CHA AM-DONG, CHUN AN, CHUNG CHONG NAM-DO 330-200
REPUBLIC OF 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 ( ) No Form 40-F ( )
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ( ) No ( )
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
The registrant files with the Korea Securities Exchange the notice dated April 25, 2008. Attached is English language version of the notice.
The following table sets forth the summary of the cancellation of Stock Option.
1.Number of Grantees Cancelled | Officers and employee of Company | 14 employees | ||
| Officers and employee of affiliated Company | — | |||
| 2.Number of Shares Cancelled | Common Shares | 770,272 | ||
| Preferred Shares | — | |||
| 3.Total Stock Option Granted after this Cancellation | Common Shares | 3,355,640 | ||
| Preferred Shares | — | |||
| 4.Reasos for Cancellation | Voluntary resignation and others | |||
| 5. Date of Board of directors’ resolution (Decision date) | April 25, 2008 | |||
| - Attendance of outside directors | Present (No) | 4 | ||
| Absent (No) | — | |||
| -Attendance of auditors (members of Audit Committee) | Present | |||
6. Other references concerning investment decisions
- Details of Cancellation of Stock Option granted as of April 25, 2008 are as follow:
Stock Option Plan | Granted Date | Exercise Price | Number of Shares Cancelled | |||
2nd Stock Option | March 24, 2001 | 1,379 Won | 367,866 | |||
3rd Stock Option | June 24, 2002 | 1,261 Won | 153,208 | |||
4th Stock Option | March 21, 2003 | 988 Won | 184,764 | |||
5th Stock Option | July 16, 2003 | 1,368 Won | 64,434 | |||
Total | — | — | 770,272 |
[Details of Cancellation by Grantees]
Grantees | Relationship | Number of Shares Cancelled | Remarks | |||||
| Common shares | Preferred shares | |||||||
Kwon, Soon Do | Officer | 129,079 | — | 2nd Stock Option | ||||
Beom, Hee Rak | “ | 64,538 | — | 2nd Stock Option | ||||
Joung, Gi Hoon | “ | 44,755 | — | 2nd & 3rd Stock Option | ||||
Yang, Gun Hong | “ | 25,815 | — | 2nd Stock Option | ||||
Park, Young Seong | “ | 25,815 | — | 2nd Stock Option | ||||
Kim, Yo Hwan | Employee | 64,117 | — | 2nd & 3rd Stock Option | ||||
Kim, Heung Bok | “ | 6,453 | — | 2nd Stock Option | ||||
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Laurent Robert | Ex-officer | 125,705 | — | 2nd & 3rd & 4th Stock Option | ||||
Lee, Young Chul | Ex-employee | 87,403 | — | 2nd & 4th Stock Option | ||||
Song, Jae Myeong | “ | 87,403 | — | 2nd & 4th Stock Option | ||||
Kim, Young Joo | “ | 44,755 | — | 2nd & 3rd Stock Option | ||||
An, Jeong Ook | “ | 25,774 | — | 5th Stock Option | ||||
Lim, Jun Woo | “ | 25,774 | — | 5th Stock Option | ||||
Luke | “ | 12,886 | — | 5th Stock Option |
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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.
Date: April 29, 2008
| By | /s/ Gi-Hoon Joung | |
| Gi-Hoon Joung | ||
| Mirae Corporation | ||
| Director of Accounting Team and Acting CFO |
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