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Advanced Micro Devices | 8-K: The Board Of Directors of Advanced Micro Devices Approves 2024 Executive Incentive Plan Bonus, Amended and Restated Articles of Incorporation

SEC announcement ·  Feb 21 05:37
Summary by Futu AI
On February 13, 2024, Advanced Micro Devices, Inc. (AMD) reported significant corporate developments in a Form 8-K filing with the SEC. The company's Compensation and Leadership Resources Committee approved annual cash performance bonuses for fiscal 2023 for several executives, including Executive Vice President and CFO Jean Hu, Executive Vice President of Strategic Partnerships Darren Grasby, Executive Vice President and CTO Mark Papermaster, and President Victor Peng. Additionally, on February 14, 2024, the Board approved a substantial bonus for Chair, President, and CEO Lisa T. Su. These bonuses are slated for payment in March 2024. Furthermore, AMD's Board of Directors adopted amendments to the company's bylaws, enabling stockholders with at least 20% of the voting power and who have held shares continuously for a minimum of one year, to call a special meeting. The amendments also include technical and clarifying changes. The full text of the amended bylaws is attached to the report as Exhibit 3.1.
On February 13, 2024, Advanced Micro Devices, Inc. (AMD) reported significant corporate developments in a Form 8-K filing with the SEC. The company's Compensation and Leadership Resources Committee approved annual cash performance bonuses for fiscal 2023 for several executives, including Executive Vice President and CFO Jean Hu, Executive Vice President of Strategic Partnerships Darren Grasby, Executive Vice President and CTO Mark Papermaster, and President Victor Peng. Additionally, on February 14, 2024, the Board approved a substantial bonus for Chair, President, and CEO Lisa T. Su. These bonuses are slated for payment in March 2024. Furthermore, AMD's Board of Directors adopted amendments to the company's bylaws, enabling stockholders with at least 20% of the voting power and who have held shares continuously for a minimum of one year, to call a special meeting. The amendments also include technical and clarifying changes. The full text of the amended bylaws is attached to the report as Exhibit 3.1.
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