secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0000002488-23-000123
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

AMD boosts exec salaries, grants $24M in equity to CEO Su; Grasby named EVP Strategic Partnerships
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- Annual base salaries for CTO Mark Papermaster and President Victor Peng increased to $800K and $930K, effective July 1, 2023.
- CEO Lisa Su receives $24M long-term equity award (75% PRSUs, 25% stock options) under 2023 Equity Incentive Plan.
- CFO Jean Hu and others receive equity mix of 60% PRSUs, 20% options, 20% RSUs; Darren Grasby gets 33/67 split.
- Darren Grasby transitions from Chief Sales Officer to EVP, Strategic Partnerships, effective July 10, 2023.
- PRSUs tied to relative TSR vs S&P 500 and non-GAAP EPS growth; vesting period through August 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248823000123/0000002488-23-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248823000123/amd-20230705.htm
  HTML page:      https://secwatch.observer/filing/0000002488-23-000123

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