secwatch.observer — SEC 8-K summary
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Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0000050863-24-000173
Event type: leadership
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intel CEO Pat Gelsinger retires; Holthaus and Zinsner named interim co-CEOs
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- Gelsinger retired Dec 1; severance: 18-mo salary ($1.25M) + 1.5x target bonus (275% base) + pro-rata 2024 bonus.
- Holthaus and CFO Zinsner named interim co-CEOs; Holthaus also CEO of Intel Products (CCG, DCAI, NEX).
- Frank Yeary named interim Executive Chair; board forms CEO Search Committee.
- Gelsinger also resigned from Mobileye Global board effective immediately.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000173/0000050863-24-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000173/intc-20241201.htm
  HTML page:      https://secwatch.observer/filing/0000050863-24-000173

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