Micron appoints Mark J. Murphy as CFO effective April 18, 2022; compensation disclosed

MICRON TECHNOLOGY INC

Mark J. Murphy appointed EVP and CFO, effective April 18, 2022; replaces interim CFO Sumit Sadana.
Base salary $700,000; target bonus 110% of base; sign-on bonus $250,000 repayable if leaves within 2 years.
Fiscal 2022 equity target $7M prorated; one-time new hire equity award valued at ~$10M.
Severance includes 1x salary (1.5x in change of control), continued equity vesting, subject to non-compete.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change (interim)

Sumit Sadana

Interim Chief Financial Officer

MU · MICRON TECHNOLOGY INC

Effective: 2022-04-18
Successor: Mark J. Murphy
Filed: April 8, 2022, 7:59 PM ET

Sumit Sadana will cease serving as Interim Chief Financial Officer and will continue to serve in his role as Executive Vice President and Chief Business Officer.

Appointed

Mark J. Murphy

Executive Vice President and Chief Financial Officer

MU · MICRON TECHNOLOGY INC

Effective: 2022-04-18
Filed: April 8, 2022, 7:59 PM ET

The Board of Directors of Micron Technology, Inc. (the “Company”) has appointed Mark J. Murphy (54) to serve as Executive Vice President and Chief Financial Officer effective as of April 18, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Sumit Sadana changed role as Interim Chief Financial Officer at MICRON TECHNOLOGY INC.

Action: ceased serving as
Role: Interim Chief Financial Officer

Exact text from the filing

Sumit Sadana will cease serving as Interim Chief Financial Officer and will continue to serve in his role as Executive Vice President and Chief Business Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark J. Murphy was appointed as Executive Vice President and Chief Financial Officer at MICRON TECHNOLOGY INC.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

The Board of Directors of Micron Technology, Inc. (the “Company”) has appointed Mark J. Murphy (54) to serve as Executive Vice President and Chief Financial Officer effective as of April 18, 2022

View on SEC.gov

MICRON TECHNOLOGY INC filing history →

Source: SEC EDGAR

accession 0000723125-22-000020

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