INTEL CORPORATION (NASDAQ:INTC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On August22, 2017, Intel Corporation (the “Company”) announced that Stacy J. Smith, Group President of Manufacturing, Operations and Sales, has decided to retire at the end of January 2018. Mr. Smith notified the Company of his decision on August19, 2017. The Company’s announcement and internal communication regarding Mr.Smith’s retirement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On August 23, 2017, the Company announced a separate, unrelated, leadership transition for its Sales and Marketing Group (“SMG”). Michelle Johnston Holthaus, Vice President and leader of the Company’s Client and Computing Sales Group, will become the head of SMG, effective September 6, 2017. Gregory R. Pearson, the Company’s current Senior Vice President, General Manager of SMG, will remain on the Company’s management committee and is expected to take on a new role with the Company, which will be announced at a later date.
| Item 5.02 | Financial Statements and Exhibits. |
The following exhibit is furnished as part of this Report:
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ExhibitNumber |
Description |
| 99.1 | Company’s Announcement and Internal Communication dated August22, 2017 |
INTEL CORP ExhibitEX-99.1 2 d446150dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Stacy Smith to Retire after 30 Years at Intel In an email today,…To view the full exhibit click here
About INTEL CORPORATION (NASDAQ:INTC)
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components. DCG segment includes server, network and storage platforms designed for the enterprise, cloud, communications infrastructure and technical computing segments. IOTG segment includes platforms designed for Internet of Things market segments, including retail, transportation, industrial, and buildings and home use. SSG segment includes Intel Security Group, and Software and Services group. All Other segment includes Non-Volatile Memory Solutions Group and the New Devices Group.