AMD CFO Devinder Kumar to retire, signs transition agreement with accelerated equity vesting

ADVANCED MICRO DEVICES INC

Kumar resigned as CFO effective Jan 23, 2023, remains as EVP through April 14, 2023.
Retirement agreement provides 12-month accelerated vesting of RSUs and stock options.
PRSU awards for 2020-2022 will be prorated or settled based on actual performance.
Kumar receives 12 months of COBRA premium payments and a general release of claims.
Agreement includes non-disparagement, cooperation, and return of AMD property.

item 5.02 item 9.01

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Departed

Devinder Kumar

Chief Financial Officer and Treasurer

AMD · ADVANCED MICRO DEVICES INC

Effective: 2023-01-23
Filed: February 21, 2023, 6:59 PM ET

On January 11, 2023, Advanced Micro Devices, Inc. (“ AMD ”) filed a Current Report on Form 8-K disclosing that Mr. Devinder Kumar would retire as Chief Financial Officer and Treasurer on January 23, 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Devinder Kumar retired as Chief Financial Officer and Treasurer at ADVANCED MICRO DEVICES INC.

Action: retired
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On January 11, 2023, Advanced Micro Devices, Inc. (“ AMD ”) filed a Current Report on Form 8-K disclosing that Mr. Devinder Kumar would retire as Chief Financial Officer and Treasurer on January 23, 2023.

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Source: SEC EDGAR

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