secwatch.observer — SEC 8-K summary
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Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2025-03-14T23:59:59+00:00
Accession:  0000050863-25-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000005086325000036/0000050863-25-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000005086325000036/intc-20250310.htm
  HTML page:      https://secwatch.observer/filing/0000050863-25-000036

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