secwatch.observer — SEC 8-K summary
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Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0000050863-24-000033
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intel adopts policy requiring stockholder vote for executive cash severance over 2.99x base salary plus bonus
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- Policy adopted Feb. 15, 2024; applies to new employment/severance agreements with executive officers.
- Cash severance benefits capped at 2.99x base salary plus target annual bonus without stockholder ratification.
- Excludes equity awards, legal settlements, perquisites, deferred comp, earned bonuses, accrued pay, and expense reimbursements.
- Executive officers defined as Section 16 officers under Rule 16a-1(f).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000033/0000050863-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000033/intc-20240215.htm
  HTML page:      https://secwatch.observer/filing/0000050863-24-000033

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