secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED MICRO DEVICES INC (AMD)
CIK:        0000002488
Form:       8-K
Filed at:   2024-11-18T23:59:59+00:00
Accession:  0000002488-24-000172
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMD appoints Philip Carter as CAO, Darla Smith resigns effective Nov 18
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- Darla Smith resigned as CAO effective Nov 18, 2024; she stays as Corp VP until Jan 17, 2025 for transition.
- Philip Carter appointed CAO effective Nov 18, 2024; previously CAO at Skyworks Solutions.
- Carter's base salary is $400,000, annual bonus target 70%, and a $250,000 sign-on bonus.
- Carter receives $1.125M in time-vesting RSUs and $375,000 in performance-based RSUs.
- Smith's resignation is not due to any dispute or disagreement with AMD.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2488/000000248824000172/0000002488-24-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2488/000000248824000172/amd-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000002488-24-000172

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