---
schema_version: "secwatch.filing_event.v1"
accession: "0000002488-23-000003"
form_type: "8-K"
ticker: "AMD"
cik: "0000002488"
company_name: "ADVANCED MICRO DEVICES INC"
filed_at: "2023-01-11T23:59:59+00:00"
generated_at: "2026-06-20T16:43:43.044103+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AMD announces CFO transition: Devinder Kumar retiring, Jean Hu appointed effective Jan 23, 2023

## Summary
- Devinder Kumar retires as CFO effective Jan 23, 2023; will stay as EVP for transition until Apr 14, 2023.
- Jean Hu appointed CFO; previously CFO of Marvell Technology since 2016, also held senior roles at QLogic and Conexant.
- Hu's compensation: base salary $725,000, bonus target 125%, sign-on RSU $5M, make-whole RSU $12M, and $2M cash bonus with two-year clawback.
- Recommendation for annual equity award target of $7.5M for FY2023 under AMD's 2004 Equity Incentive Plan.
- Resignation not due to any dispute or disagreement; transition is planned and orderly.

## SEC filing metadata
- accession: 0000002488-23-000003
- form_type: 8-K
- ticker: AMD
- cik: 0000002488
- company_name: ADVANCED MICRO DEVICES INC
- filed_at: 2023-01-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2488/000000248823000003/0000002488-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2488/000000248823000003/amd-20230108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002488-23-000003
- JSON: https://secwatch.observer/filing/0000002488-23-000003.json
- Plain text: https://secwatch.observer/filing/0000002488-23-000003.txt

## Key facts
- Executive change
  Devinder Kumar retired as Chief Financial Officer and Treasurer at ADVANCED MICRO DEVICES INC.
  - Action: retired
  - Role: Chief Financial Officer and Treasurer
  source text: On January 8, 2023, Mr. Devinder Kumar, announced his retirement as Chief Financial Officer and Treasurer of Advanced Micro Devices, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000000248823000003/0000002488-23-000003-index.htm
- Executive change
  Jean Hu was appointed as Chief Financial Officer at ADVANCED MICRO DEVICES INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On January 11, 2023, the Company announced that Ms. Jean Hu was appointed as Chief Financial Officer of the Company effective January 23, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000000248823000003/0000002488-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.