---
schema_version: "secwatch.filing_event.v1"
accession: "0000002488-24-000109"
form_type: "8-K"
ticker: "AMD"
cik: "0000002488"
company_name: "ADVANCED MICRO DEVICES INC"
filed_at: "2024-07-02T23:59:59+00:00"
generated_at: "2026-05-31T23:51:05.413666+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# AMD approves base salary increases and new long-term incentive awards for CEO and three other executives

## Summary
- CEO Lisa Su base salary rises to $1.26M from $1.2M effective July 1, 2024.
- CFO Hu, CCO Guido, Data Center GM Norrod get salary increases to $760K, $750K, $750K.
- Target equity award values: Su $28.68M, Hu $8M, Guido $6M, Norrod $7M; mix of PRSUs, options, RSUs.
- PRSUs vest based on relative TSR vs S&P 500 (0-200% of target) and non-GAAP EPS growth (0-50% adder).
- Stock options and RSUs vest quarterly over 4 years starting August 2025.

## SEC filing metadata
- accession: 0000002488-24-000109
- form_type: 8-K
- ticker: AMD
- cik: 0000002488
- company_name: ADVANCED MICRO DEVICES INC
- filed_at: 2024-07-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2488/000000248824000109/0000002488-24-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2488/000000248824000109/amd-20240627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000002488-24-000109
- JSON: https://secwatch.observer/filing/0000002488-24-000109.json
- Plain text: https://secwatch.observer/filing/0000002488-24-000109.txt

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