Intel sets compensation for Intel Products CEO Holthaus: $1M base, $16M LTI target, $5M one-time RSU

INTEL CORP

Annual base salary increased to $1,000,000 effective Jan 1, 2025; bonus target 200% of base.
Annual long-term incentive equity target ~$16M, mix of RSUs and PSUs over 3 years.
One-time promotion RSU award of ~$5M, vesting equally over 3 years.
Enhanced severance: eligible for benefits if resigns for good reason within 2 years of new Intel CEO.
CEO of Intel Products appointment effective Dec 1, 2024; compensation formalized Feb 28, 2025.

item 5.02 item 9.01

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Appointed

Michelle Johnston Holthaus

Chief Executive Officer of the Intel Products business

INTC · INTEL CORP

Effective: 2024-12-01
Filed: February 28, 2025, 6:59 PM ET

On December 1, 2024, Intel Corporation (“Intel”) appointed Michelle Johnston Holthaus as Chief Executive Officer of the Intel Products business.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle Johnston Holthaus was appointed as Chief Executive Officer of the Intel Products business at INTEL CORP.

Action: appointed
Role: Chief Executive Officer of the Intel Products business

Exact text from the filing

On December 1, 2024, Intel Corporation (“Intel”) appointed Michelle Johnston Holthaus as Chief Executive Officer of the Intel Products business.

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Source: SEC EDGAR

accession 0000050863-25-000024

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