AMD Reports Director Changes and Officer Compensation
Ticker: AMD · Form: 8-K · Filed: Nov 18, 2024 · CIK: 2488
| Field | Detail |
|---|---|
| Company | Advanced Micro Devices Inc (AMD) |
| Form Type | 8-K |
| Filed Date | Nov 18, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $400,000, $250,000, $375,000, $1,125,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-changes
Related Tickers: AMD
TL;DR
AMD board shakeup: new director elected, exec pay details disclosed.
AI Summary
Advanced Micro Devices, Inc. (AMD) filed an 8-K on November 18, 2024, reporting on the departure of a director, election of a new director, and compensatory arrangements for certain officers. The filing date for the earliest event reported was November 13, 2024.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial or operational risks indicated.
Key Numbers
- 20241113 — Earliest Event Date (Date of earliest event reported)
- 20241118 — Filing Date (Date of report)
Key Players & Entities
- ADVANCED MICRO DEVICES, INC. (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- Santa Clara, California (location) — Principal executive offices
FAQ
Who departed from the board of directors?
The filing indicates the departure of a director, but the specific name is not provided in the excerpt.
Who was elected to the board of directors?
The filing states that a director was elected, but the specific name is not detailed in the provided text.
What other items are covered in this 8-K filing?
Besides director changes, the filing also covers compensatory arrangements of certain officers.
What is the principal business address of Advanced Micro Devices, Inc.?
The principal executive offices are located at 2485 Augustine Drive, Santa Clara, California 95054.
What is the fiscal year end for Advanced Micro Devices, Inc.?
The fiscal year end for Advanced Micro Devices, Inc. is December 28.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-11-18 16:17:24
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value AMD The Nasdaq Global Selec
- $400,000 — ter"), Mr. Carter's base salary will be $400,000, and he will be eligible for an annual
- $250,000 — ll also receive a cash sign-on bonus of $250,000, as well as an award of performance-bas
- $375,000 — cted stock units with a target value of $375,000 and a restricted stock unit award with
- $1,125,000 — stock unit award with a target value of $1,125,000 to be granted under AMD's 2023 Equity I
Filing Documents
- amd-20241113.htm (8-K) — 30KB
- exh-10_1xofferletterphilip.htm (EX-10.1) — 32KB
- amd-20241113_g1.jpg (GRAPHIC) — 9KB
- amd.jpg (GRAPHIC) — 26KB
- 0000002488-24-000172.txt ( ) — 237KB
- amd-20241113.xsd (EX-101.SCH) — 2KB
- amd-20241113_lab.xml (EX-101.LAB) — 21KB
- amd-20241113_pre.xml (EX-101.PRE) — 12KB
- amd-20241113_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Offer Letter, dated October 9, 2024 by and between Advanced Micro Devices, Inc. and Philip Carter 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: November 18, 2024 ADVANCED MICRO DEVICES, INC. By: /s/ Jean Hu Name: Jean Hu Title: Executive Vice President, Chief Financial Officer and Treasurer