secwatch.observer — SEC 8-K summary
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Issuer:     NVIDIA CORP (NVDA)
CIK:        0001045810
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001045810-24-000069
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 adopts FY2025 variable comp plan; CEO Huang target $3M; bylaw amendment for special meetings
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- CEO Jen-Hsun Huang target award $3M (200% base salary); other NEOs: Kress $300K, Puri $650K, Shoquist $250K, Teter $250K.
- Payouts based on FY2025 revenue at threshold (50% base), base (100%), stretch (200% max); revenue adjusted for M&A.
- Bylaws amended: shareholders owning 15%+ voting power continuously for 1 year can call special meetings; list requirement removed.
- Participants must be employed through payment date; payments subject to clawback under Company's Compensation Recovery Policy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045810/000104581024000069/0001045810-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045810/000104581024000069/nvda-20240308.htm
  HTML page:      https://secwatch.observer/filing/0001045810-24-000069

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