AMD Appoints New CAO, CFO Transitions Role
Ticker: AMD · Form: 8-K · Filed: Jul 2, 2024 · CIK: 2488
| Field | Detail |
|---|---|
| Company | Advanced Micro Devices Inc (AMD) |
| Form Type | 8-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $1,200,000, $1,260,000, $725,000, $760,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, board-departure
Related Tickers: AMD
TL;DR
AMD CFO Jean Hu moves to new role, Steven Wood is new CAO, board member Rivelle departs.
AI Summary
Advanced Micro Devices, Inc. (AMD) announced on June 27, 2024, the appointment of Steven J. Wood as its new Chief Accounting Officer, effective July 1, 2024. Wood will succeed Jean L. Hu, who will transition to a new role as Executive Vice President, Chief Financial Officer, and Treasurer. The company also reported the departure of board member, Robert J. Rivelle, effective June 27, 2024.
Why It Matters
This filing indicates a significant shift in AMD's financial leadership, which could impact investor confidence and the company's financial reporting and strategy moving forward.
Risk Assessment
Risk Level: medium — Changes in key financial officers and board members can introduce uncertainty regarding future financial strategy and execution.
Key Players & Entities
- Advanced Micro Devices, Inc. (company) — Registrant
- Steven J. Wood (person) — Appointed Chief Accounting Officer
- Jean L. Hu (person) — Transitioning CFO to new role
- Robert J. Rivelle (person) — Departing Board Member
- June 27, 2024 (date) — Date of earliest event reported
- July 1, 2024 (date) — Effective date for new CAO
FAQ
Who has been appointed as the new Chief Accounting Officer at AMD?
Steven J. Wood has been appointed as the new Chief Accounting Officer, effective July 1, 2024.
What is Jean L. Hu's new role at AMD?
Jean L. Hu will transition from her role as CFO to Executive Vice President, Chief Financial Officer, and Treasurer.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated June 27, 2024.
Who is departing from AMD's board of directors?
Robert J. Rivelle is departing from AMD's board of directors, effective June 27, 2024.
What is AMD's principal executive office address?
AMD's principal executive offices are located at 2485 Augustine Drive, Santa Clara, California 95054.
Filing Stats: 1,347 words · 5 min read · ~4 pages · Grade level 15 · Accepted 2024-07-02 16:24:40
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AMD The Nasdaq Global Selec
- $1,200,000 — , President and Chief Executive Officer $1,200,000 $1,260,000 Jean Hu, Executive Vice Pre
- $1,260,000 — and Chief Executive Officer $1,200,000 $1,260,000 Jean Hu, Executive Vice President, Chi
- $725,000 — , Chief Financial Officer and Treasurer $725,000 $760,000 Philip Guido, Executive Vice
- $760,000 — inancial Officer and Treasurer $725,000 $760,000 Philip Guido, Executive Vice President
- $750,000 — ent, Chief Commercial Officer $725,000 $750,000 Forrest Norrod, Executive Vice Preside
- $710,000 — General Manager, Data Center Solutions $710,000 $750,000 Long-Term Incentive Awards
- $28,680,000 — , President and Chief Executive Officer $28,680,000 Jean Hu, Executive Vice President, Chi
- $8,000,000 — , Chief Financial Officer and Treasurer $8,000,000 Philip Guido, Executive Vice President
- $6,000,000 — ce President, Chief Commercial Officer $6,000,000 Forrest Norrod, Executive Vice Preside
- $7,000,000 — General Manager, Data Center Solutions $7,000,000 For Dr. Su, her Target Value will be
Filing Documents
- amd-20240627.htm (8-K) — 43KB
- amd-20240627_g1.jpg (GRAPHIC) — 9KB
- 0000002488-24-000109.txt ( ) — 175KB
- amd-20240627.xsd (EX-101.SCH) — 2KB
- amd-20240627_lab.xml (EX-101.LAB) — 21KB
- amd-20240627_pre.xml (EX-101.PRE) — 12KB
- amd-20240627_htm.xml (XML) — 3KB
SIGNATURES
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. Date: July 2, 2024 ADVANCED MICRO DEVICES, INC. By: /s/ Ava Hahn Name: Ava Hahn Title: Senior Vice President, General Counsel and Corporate Secretary