secwatch.observer — SEC 8-K summary
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Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2021-07-13T23:59:59+00:00
Accession:  0001193125-21-214206
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intel separates from EVP Navin Shenoy; pays $1.8M severance in DPG restructuring
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- Navin Shenoy separated from Intel effective July 6, 2021, in connection with Data Platforms Group restructuring.
- Severance includes $1.8M cash payment, $22,500 outplacement payment, and $23,712 healthcare supplement.
- Shenoy signed separation agreement with release of claims, non-disparagement, and cooperation obligations.
- Intel statement thanks Shenoy for 26 years of service, including leadership of DPG, Client Computing, and Intel Asia Pacific.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000119312521214206/0001193125-21-214206-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000119312521214206/d193436d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-214206

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