secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2022-06-28T23:59:59+00:00
Accession:  0000002488-22-000112
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AMD increases CEO Su's base salary to $1.2M and awards $22.4M in LTI
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- Base salaries for all named executive officers increased effective July 1, 2022: CEO Su from $1.097M to $1.2M; CFO Kumar from $675k to $710k.
- Long-term incentive awards with target values: CEO Su $22.4M; CTO Papermaster $7.5M; Sales Chief Grasby $6M; CFO Kumar $5M; EVP Bergman $4.2M.
- Equity awards mix: 50% performance-based RSUs (linked to relative TSR vs S&P 500 and non-GAAP EPS), 25% stock options, 25% time-based RSUs.
- PRSUs can range from 0%-250% of target; stock options vest ratably over 4 years; RSUs also vest 1/4 annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248822000112/0000002488-22-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248822000112/amd-20220623.htm
  HTML page:      https://secwatch.observer/filing/0000002488-22-000112

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