ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Committee of the Board of Directors (the Board) of Advanced Micro
Devices, Inc. (the Company) approved the following annual cash
performance bonuses under the Companys Executive Incentive Plan
(the EIP) to the Named Executive Officers (as defined in the
Companys most recent proxy statement filed with the U.S.
Securities and Exchange Commission on March 24, 2016). to the
EIP, the annual cash performance bonuses were based on the
Companys performance during the 2016 fiscal year (i.e., December
26, 2015 to December 31, 2016) as evaluated against the following
pre-established Company-wide financial measures: adjusted
non-GAAP net income, revenue and adjusted non-GAAP free cash
flow.
|
Named Executive Officer
|
Annual Cash Performance Bonuses
|
|||
|
Devinder Kumar, Senior Vice President, Chief Financial
Officer and Treasurer |
$
|
172,250
|
||
|
Jim Anderson, Senior Vice President and General
Manager, Computing and Graphics Business Group |
$
|
162,500
|
||
|
Forrest E. Norrod, Senior Vice President and General
Manager, Enterprise, Embedded and Semi-Custom Business Group |
$
|
172,250
|
||
|
Mark D. Papermaster, Chief Technology Officer and
Senior Vice President, Technology and Engineering |
$
|
178,750
|
||
annual cash performance bonus under the EIP for the Companys
President and Chief Executive Officer:
|
Lisa T. Su, President and Chief Executive Officer
|
$
|
432,656
|
the Companys President and Chief Executive Officer and each of
the other Named Executive Officers listed above is approximately
33% of their respective 2016 target cash bonus opportunity. These
bonus awards will be paid in April 2017.
the 2016 annual cash performance bonuses in the Companys proxy
statement for the 2017 Annual Meeting of Stockholders of the
Company, which is expected to be filed with the Securities and
Exchange Commission in March 2017.
About ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD)
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. Its desktop PC product brands for microprocessors are AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU. ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD) Recent Trading Information
ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD) closed its last trading session up +0.87 at 14.00 with 40,887,978 shares trading hands.
