---
schema_version: "secwatch.filing_event.v1"
accession: "0000002488-23-000042"
form_type: "8-K/A"
ticker: "AMD"
cik: "0000002488"
company_name: "ADVANCED MICRO DEVICES INC"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:21:39.377226+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000002488-23-000042
- form_type: 8-K/A
- ticker: AMD
- cik: 0000002488
- company_name: ADVANCED MICRO DEVICES INC
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2488/000000248823000042/0000002488-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2488/000000248823000042/amd-20230108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002488-23-000042
- JSON: https://secwatch.observer/filing/0000002488-23-000042.json
- Plain text: https://secwatch.observer/filing/0000002488-23-000042.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 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000000248823000042/0000002488-23-000042-index.htm

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