NVIDIA adopts FY2024 variable comp plan with revenue-based targets; updates bylaws on shareholder nominations

NVIDIA CORP

CEO Jensen Huang target award $2M (200% of base salary) for FY2024 variable comp.
CFO Colette Kress target $300K (33% of base); EVP Operations Debora Shoquist $250K (29%).
Payout determined by FY2024 revenue achievement: 20% of base at threshold, 100% at base target, 200% at stretch.
Bylaws amended; new requirements for stockholder nominations including Rule 14a-19 compliance and proxy card color restriction.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

NVIDIA CORP: NVIDIA amended and restated its Bylaws to update procedural mechanics and disclosure requirements for stockholder nominations and proposals (effective 2023-03-02).

Change: bylaw amendment
Effective: 2023-03-02

Exact text from the filing

On March 2, 2023, the Board of the Company amended and restated the Company’s Bylaws, or the Restated Bylaws, which became effective immediately upon adoption by the Board.

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Source: SEC EDGAR

accession 0001045810-23-000039

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