secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0000002488-24-000109
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248824000109/0000002488-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248824000109/amd-20240627.htm
  HTML page:      https://secwatch.observer/filing/0000002488-24-000109

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