secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0000002488-22-000031
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMD completes $49B all-stock acquisition of Xilinx; Lisa Su becomes board chair
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- Each Xilinx share converted into 1.7234 AMD shares; Xilinx delisted from NASDAQ.
- Combined company targets ~$135B market opportunity across cloud, edge, and devices.
- Deal expected to be accretive to non-GAAP margins, EPS, and free cash flow in first year.
- Lisa Su appointed board chair; John Caldwell named lead director; Xilinx directors Olson and Vanderslice join board.
- Victor Peng named president of new Adaptive and Embedded Computing Group; AMD guarantees Xilinx senior notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248822000031/0000002488-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248822000031/amd-20220214.htm
  HTML page:      https://secwatch.observer/filing/0000002488-22-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer