Micron reduces CEO salary 20%, NEO salaries 10-15%, suspends bonuses for fiscal 2023

MICRON TECHNOLOGY INC

CEO base salary reduced 20%; Executive VPs 15%; Senior VP 10% effective Feb 5, 2023 through fiscal 2023.
All NEO bonuses suspended for fiscal 2023; target total cash compensation reduced by 53% to 75%.
Non-employee board cash compensation reduced 20% for remainder of fiscal 2023.
Severance agreements amended to use pre-reduction base salary for calculating benefits.
Broad group of executive-level employees also receiving base salary reductions.

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