--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-26-226746" form_type: "8-K" ticker: "AMD" cik: "0000002488" company_name: "ADVANCED MICRO DEVICES INC" filed_at: "2026-05-15T20:12:53+00:00" generated_at: "2026-05-15T20:20:02.199810+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.6 calibrated_materiality_score: 0.6 confidence: "high" source: SEC EDGAR --- # AMD enters $5.0B revolving credit facility, increases commercial paper program to $5.5B ## Summary - New $5.0B unsecured revolving credit facility matures May 2031; replaces existing 2022 facility with JPMorgan as agent. - Commercial paper program limit raised to $5.5B from $3.0B; proceeds for general corporate purposes. - Shareholders approved amendment to 2023 equity plan: authorized shares increased by 65M to 153M. - All eight director nominees elected; say-on-pay approved; stockholder proposal to lower special meeting threshold rejected. ## SEC filing metadata - accession: 0001193125-26-226746 - form_type: 8-K - ticker: AMD - cik: 0000002488 - company_name: ADVANCED MICRO DEVICES INC - filed_at: 2026-05-15T20:12:53+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.6 - calibrated_materiality_score: 0.6 - confidence: high - sec_items: 1.01, 1.02, 2.03, 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/d118163d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-26-226746 - JSON: https://secwatch.observer/filing/0001193125-26-226746.json - Plain text: https://secwatch.observer/filing/0001193125-26-226746.txt ## Key facts - Debt Financings ADVANCED MICRO DEVICES INC incurred senior notes of $5.5 billion at rates that will vary based on market conditions at the time of the issuance of t maturing not exceed 397 days from the date of issue. - Instrument: senior notes - Principal: $5.5 billion - Rate: rates that will vary based on market conditions at the time of the issuance of t - Maturity: not exceed 397 days from the date of issue - Event: incurrence source text: the Company increased to $5.5 billion from $3.0 billion the maximum aggregate amount outstanding at any time of unsecured commercial paper notes (the “Notes”) which the Company may issue on a private placement basis under the commercial paper program it established on November 3, 2022 (the “Program”). evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - Material Agreements ADVANCED MICRO DEVICES INC entered into Credit Agreement with lenders named therein, JPMorgan Chase Bank, N.A., as administrative agent valued at $5.0 billion (effective 2026-05-14). - Action: entry - Agreement: credit facility - Counterparty: lenders named therein, JPMorgan Chase Bank, N.A., as administrative agent - Value: $5.0 billion - Effective: 2026-05-14 source text: On May 14, 2026 (the “Closing Date”), Advanced Micro Devices, Inc. (the “Company”) entered into a Credit Agreement with the lenders named therein, JPMorgan Chase Bank, N.A., as administrative agent, and the other parties from time to time party thereto (the “Credit Agreement”). evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - Material Agreements ADVANCED MICRO DEVICES INC terminated Existing Credit Agreement with Wells Fargo Bank, National Association, as administrative agent (effective 2026-05-14). - Action: termination - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association, as administrative agent - Effective: 2026-05-14 source text: In connection with the entry into the Credit Agreement, the Company terminated all remaining commitments of the lenders under the Existing Credit Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - Shareholder Votes ADVANCED MICRO DEVICES INC shareholders rejected Stockholder Proposal Requesting the Lowering of the Ownership Threshold and Removal of the Holding Requirement to Call a Special Meeting at the 2026-05-13 meeting. - Outcome: failed - Meeting: 2026-05-13 source text: Proposal No. 5: Stockholder Proposal Requesting the Lowering of the Ownership Threshold and Removal of the Holding Requirement to Call a Special Meeting. This proposal was not approved. The Company's stockholders did not approve the stockholder proposal requesting the ownership threshold be lowered and the removal of the holding requirement to call a special meeting. For Against Abstain Broker Non-Votes 375,193,701 624,384,602 3,717,705 266,537,638 evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - Shareholder Votes ADVANCED MICRO DEVICES INC shareholders approved Election of Directors at the 2026-05-13 meeting. - Proposal: director election - Outcome: passed - Meeting: 2026-05-13 source text: Proposal No. 1: Election of Directors. All Directors were elected. The Company's stockholders elected the eight director nominees listed below to serve on the Board: For Against Abstain Broker Non-Votes Nora M. Denzel 947,789,490 53,782,687 1,723,831 266,537,638 Michael P. Gregoire 981,430,100 19,802,675 2,063,233 266,537,638 Joseph A. Householder 980,818,411 20,650,951 1,826,646 266,537,638 John W. Marren 997,404,298 4,082,948 1,808,762 266,537,638 KC McClure 999,283,773 2,283,216 1,729,019 266,537,638 Lisa T. Su 930,377,752 66,844,325 6,073,931 266,537,638 Abhi Y. Talwalkar 918,133,754 83,367,669 1,794,585 266,537,638 Elizabeth W. Vanderslice 998,000,474 3,591,977 1,703,557 266,537,638 evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - Shareholder Votes ADVANCED MICRO DEVICES INC shareholders approved Ratification of the Appointment of the Independent Registered Public Accounting Firm at the 2026-05-13 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2026-05-13 source text: Proposal No. 2: Ratification of the Appointment of the Independent Registered Public Accounting Firm. This appointment was ratified. The Company's stockholders ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending December 26, 2026. For Against Abstain 1,182,240,325 85,267,454 2,325,867 evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - Shareholder Votes ADVANCED MICRO DEVICES INC shareholders approved Approval of the Amendment and Restatement of the Advanced Micro Devices, Inc. 2023 Equity Incentive Plan to: (i) Increase the Number of Authorized Shares That Can be Issued by 65 Million Shares and (ii) Update the Plan for Certain Administrative Changes at the 2026-05-13 meeting. - Proposal: equity plan - Outcome: passed - Meeting: 2026-05-13 source text: Proposal No. 4: Approval of the Amendment and Restatement of the Advanced Micro Devices, Inc. 2023 Equity Incentive Plan to: (i) Increase the Number of Authorized Shares That Can be Issued by 65 Million Shares and (ii) Update the Plan for Certain Administrative Changes. This proposal was approved. The Company's stockholders approved the amendment and restatement of the plan to (i) increase the number of authorized shares of Common Stock by 65 million shares and (ii) update the plan for certain administrative changes. For Against Abstain Broker Non-Votes 971,044,532 28,539,051 3,712,425 266,537,638 evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm - Shareholder Votes ADVANCED MICRO DEVICES INC shareholders approved Approval on a Non-Binding, Advisory Basis of the Compensation of the Company's Named Executive Officers at the 2026-05-13 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2026-05-13 source text: Proposal No. 3: Approval on a Non-Binding, Advisory Basis of the Compensation of the Company's Named Executive Officers ("Say-on-Pay"). This proposal was approved. The Company's stockholders approved, on a non-binding basis, the compensation of the Company's named executive officers as disclosed in the Proxy Statement. For Against Abstain Broker Non-Votes 924,311,642 73,373,753 5,610,613 266,537,638 evidence_url: https://www.sec.gov/Archives/edgar/data/2488/000119312526226746/0001193125-26-226746-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.