Intel Corp Reports Officer and Director Changes

Ticker: INTC · Form: 8-K · Filed: 2024-08-22T00:00:00.000Z

Sentiment: neutral

Topics: management-change, officer-appointment, director-election, compensation

Related Tickers: INTC

TL;DR

Intel's board and execs are shuffling, with new appointments and compensation details filed.

AI Summary

Intel Corporation filed an 8-K on August 22, 2024, reporting changes effective August 19, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers.

Why It Matters

Changes in corporate leadership and compensation structures can signal shifts in company strategy or governance, impacting investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in key personnel and executive compensation can introduce uncertainty regarding future strategy and operational stability.

Key Players & Entities

FAQ

What specific roles have seen changes in officers or directors?

The filing indicates changes related to the departure of directors or certain officers, election of directors, and appointment of certain officers, but does not specify the exact roles within this excerpt.

Are there any details on new compensatory arrangements for officers?

The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of report, suggesting such details are included, though not provided in this excerpt.

When were these changes officially reported?

The Form 8-K was filed as of August 22, 2024.

What is Intel Corporation's principal executive office address?

Intel Corporation's principal executive offices are located at 2200 Mission College Boulevard, Santa Clara, California 95054-1549.

What is the SIC code for Intel Corporation?

The Standard Industrial Classification (SIC) code for Intel Corporation is 3674, Semiconductors & Related Devices.

From the Filing

0000050863-24-000134.txt : 20240822 0000050863-24-000134.hdr.sgml : 20240822 20240822162422 ACCESSION NUMBER: 0000050863-24-000134 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240819 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240822 DATE AS OF CHANGE: 20240822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEL CORP CENTRAL INDEX KEY: 0000050863 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 941672743 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06217 FILM NUMBER: 241232271 BUSINESS ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4087658080 MAIL ADDRESS: STREET 1: 2200 MISSION COLLEGE BLVD STREET 2: RNB-4-151 CITY: SANTA CLARA STATE: CA ZIP: 95054 8-K 1 intc-20240819.htm 8-K intc-20240819 0000050863 false 0000050863 2024-08-19 2024-08-19 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 Date of Report (Date of earliest event reported): August 19, 2024 INTEL CORPORATION (Exact name of registrant as specified in its charter) Delaware 000-06217 94-1672743 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.)   2200 Mission College Boulevard , Santa Clara , California 95054-1549 (Address of principal executive offices)  (Zip Code) Registrant's telephone number, including area code: (408) 765-8080 Not Applicable (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 ( see General Instruction A.2. below): ☐ 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-4c)) 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, $0.001 par value INTC 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. (b)     Departure of Director On August 19, 2024, Lip-Bu Tan informed the board of directors (the “Board”) of Intel Corporation (the “Company”) that he was resigning from the Board, effective immediately. Mr. Tan’s decision is a result of demands on his time. “I am grateful for the opportunity to serve on the Intel Board of Directors. This is a personal decision based on a need to reprioritize various commitments and I remain supportive of the company and its important work,” he said. The Board

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