---
schema_version: "secwatch.filing_event.v1"
accession: "0001045810-23-000039"
form_type: "8-K"
ticker: "NVDA"
cik: "0001045810"
company_name: "NVIDIA CORP"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:11:12.600105+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001045810-23-000039
- form_type: 8-K
- ticker: NVDA
- cik: 0001045810
- company_name: NVIDIA CORP
- filed_at: 2023-03-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1045810/000104581023000039/0001045810-23-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1045810/000104581023000039/nvda-20230302.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001045810-23-000039
- JSON: https://secwatch.observer/filing/0001045810-23-000039.json
- Plain text: https://secwatch.observer/filing/0001045810-23-000039.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1045810/000104581023000039/0001045810-23-000039-index.htm

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