---
schema_version: "secwatch.filing_event.v1"
accession: "0000723125-23-000011"
form_type: "8-K"
ticker: "MU"
cik: "0000723125"
company_name: "MICRON TECHNOLOGY INC"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T21:07:53.503223+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000723125-23-000011
- form_type: 8-K
- ticker: MU
- cik: 0000723125
- company_name: MICRON TECHNOLOGY INC
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723125/000072312523000011/0000723125-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723125/000072312523000011/mu-20230205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000723125-23-000011
- JSON: https://secwatch.observer/filing/0000723125-23-000011.json
- Plain text: https://secwatch.observer/filing/0000723125-23-000011.txt

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