AMD Files 8-K on Officer Changes, Compensation, and Bylaw Amendments

Ticker: AMD · Form: 8-K · Filed: 2024-02-20T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-changes, bylaws, compensatory-arrangements

TL;DR

**AMD just dropped an 8-K about leadership changes and potential bylaw tweaks, keep an eye on executive shifts!**

AI Summary

Advanced Micro Devices, Inc. (AMD) filed an 8-K on February 20, 2024, reporting events from February 13, 2024. The filing addresses changes related to the departure or election of directors or officers, their compensatory arrangements, and potential amendments to the company's articles of incorporation or bylaws. The company, headquartered in Santa Clara, California, operates under the SIC code 3674 for Semiconductors & Related Devices.

Why It Matters

This filing signals potential shifts in AMD's leadership structure and governance, which could influence strategic direction and investor confidence.

Risk Assessment

Risk Level: medium — Changes in leadership and corporate governance can introduce uncertainty, but the specific details are not yet fully disclosed in this summary.

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on February 13, 2024.

What items were reported in this 8-K filing by Advanced Micro Devices Inc.?

The 8-K reported on the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, and Financial Statements and Exhibits.

What is the business address of Advanced Micro Devices, Inc.?

The business address of Advanced Micro Devices, Inc. is 2485 Augustine Drive, Santa Clara, California 95054.

What is the SIC code for Advanced Micro Devices, Inc.?

Advanced Micro Devices, Inc.'s Standard Industrial Classification (SIC) code is 3674, which pertains to Semiconductors & Related Devices.

When was this 8-K filed with the SEC?

This 8-K was filed with the SEC on February 20, 2024.

From the Filing

0001628280-24-005593.txt : 20240220 0001628280-24-005593.hdr.sgml : 20240220 20240220163226 ACCESSION NUMBER: 0001628280-24-005593 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240213 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED MICRO DEVICES INC CENTRAL INDEX KEY: 0000002488 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 941692300 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07882 FILM NUMBER: 24654016 BUSINESS ADDRESS: STREET 1: 2485 AUGUSTINE DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: (408) 749-4000 MAIL ADDRESS: STREET 1: 2485 AUGUSTINE DRIVE CITY: SANTA CLARA STATE: CA ZIP: 95054 8-K 1 amd-20240213.htm 8-K amd-20240213 0000002488 false --12-28 0000002488 2024-02-13 2024-02-13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 February 13, 2024 Date of Report (Date of earliest event reported) ADVANCED MICRO DEVICES, INC. (Exact name of registrant as specified in its charter) Delaware 001-07882 94-1692300 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification Number) 2485 Augustine Drive Santa Clara , California 95054 (Address of principal executive offices) (Zip Code) ( 408 ) 749-4000 (Registrant’s telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s)  Name of each exchange on which registered Common Stock, $0.01 par value AMD The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Executive Incentive Plan (EIP) Bonuses for Fiscal 2023 On February 13, 2024, the Compensation and Leadership Resources Committee (the “CLRC”) of the Board of Directors of Advanced Micro Devices, Inc. (the “Company”) approved the following annual cash performance bonuses under the EIP to the following covered executive officers: Covered Executive Officer Fiscal 2023 Annual Cash Performance Bonuses Jean Hu, Executive Vice President, Chief Financial Officer and Treasurer $ 507,968 Darren Grasby, Executiv

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