Intel elects Lip-Bu Tan, executive chairman of Cadence, to its board effective Sept. 1, 2022

INTEL CORP

Lip-Bu Tan elected to Intel's Board of Directors, effective September 1, 2022; will join the M&A Committee.
Tan is executive chairman of Cadence Design Systems and chairman of Walden International.
Standard non-employee director compensation: $90,000 annual cash retainer plus pro-rated RSU award of ~$146,667.
No material interest in any related-party transactions reported.
Tan brings extensive semiconductor, software, and venture capital experience to the board.

item 5.02 item 7.01 item 9.01

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Appointed

Lip-Bu Tan

Director

INTC · INTEL CORP

Effective: 2022-09-01
Filed: August 11, 2022, 7:59 PM ET

On August 8, 2022, the Board of Directors (“Board”) of Intel Corporation (“Intel”) elected Lip-Bu Tan to the Board, effective September 1, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Lip-Bu Tan was elected as Director at INTEL CORP.

Action: elected
Role: Director

Exact text from the filing

On August 8, 2022, the Board of Directors (“Board”) of Intel Corporation (“Intel”) elected Lip-Bu Tan to the Board, effective September 1, 2022

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Source: SEC EDGAR

accession 0001193125-22-218541

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