secwatch.observer — SEC 8-K summary
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Issuer:     MICRON TECHNOLOGY INC (MU)
CIK:        0000723125
Form:       8-K
Filed at:   2022-04-08T23:59:59+00:00
Accession:  0000723125-22-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723125/000072312522000020/0000723125-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723125/000072312522000020/mu-20220408.htm
  HTML page:      https://secwatch.observer/filing/0000723125-22-000020

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