secwatch.observer — SEC 8-K summary
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Issuer:     NVIDIA CORP (NVDA)
CIK:        0001045810
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001045810-23-000039
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045810/000104581023000039/0001045810-23-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045810/000104581023000039/nvda-20230302.htm
  HTML page:      https://secwatch.observer/filing/0001045810-23-000039

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