---
schema_version: "secwatch.filing_event.v1"
accession: "0000050863-25-000036"
form_type: "8-K"
ticker: "INTC"
cik: "0000050863"
company_name: "INTEL CORP"
filed_at: "2025-03-14T23:59:59+00:00"
generated_at: "2026-05-24T19:13:20.216326+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Intel appoints Lip-Bu Tan as CEO effective March 18, 2025

## Summary
- Tan, former Cadence CEO (2009–2021) and Intel board member (Sep 2022–Aug 2024), succeeds interim co-CEOs Zinsner and Holthaus.
- Base salary of $1M, 200% target bonus; equity grants include TSR PSUs ($14.4M), options ($9.6M), plus new hire awards worth $25M+$17M.
- Tan to purchase $25M in Intel shares within 30 days of start date; termination provisions detailed for cause and change-in-control.
- Yeary ceases interim executive chair, returns to independent chair; receives RSUs worth $700K for his service.
- Tan rejoins board of directors; Zinsner remains CFO, Holthaus remains CEO of Intel Products.

## SEC filing metadata
- accession: 0000050863-25-000036
- form_type: 8-K
- ticker: INTC
- cik: 0000050863
- company_name: INTEL CORP
- filed_at: 2025-03-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50863/000005086325000036/0000050863-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50863/000005086325000036/intc-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050863-25-000036
- JSON: https://secwatch.observer/filing/0000050863-25-000036.json
- Plain text: https://secwatch.observer/filing/0000050863-25-000036.txt

## Key facts
- Executive change
  Lip-Bu Tan was appointed as director at INTEL CORP.
  - Action: appointed
  - Role: director
  source text: appointed Lip-Bu Tan as Chief Executive Officer (“CEO”) and as a director of the Company, effective as of March 18, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/50863/000005086325000036/0000050863-25-000036-index.htm
- Executive change
  Lip-Bu Tan was appointed as Chief Executive Officer at INTEL CORP.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: appointed Lip-Bu Tan as Chief Executive Officer (“CEO”) and as a director of the Company, effective as of March 18, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/50863/000005086325000036/0000050863-25-000036-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.