secwatch.observer — SEC 8-K summary
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Issuer:     NVIDIA CORP (NVDA)
CIK:        0001045810
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001045810-22-000023
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NVIDIA sets FY2023 executive variable comp targets tied to revenue; adopts majority vote standard for director elections
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- CEO Jen-Hsun Huang gets $2M target (200% base); other NEOs $250K-$650K based on FY2023 revenue.
- Payouts range from 0% to 200% of target depending on threshold, base, or stretch revenue goals.
- Board amended bylaws to require majority vote for uncontested director elections; plurality for contested.
- Resignation policy for directors failing plurality vote remains unchanged; changes effective March 3, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045810/000104581022000023/0001045810-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045810/000104581022000023/nvda-20220303.htm
  HTML page:      https://secwatch.observer/filing/0001045810-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer