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Advanced Micro Devices logoAdvanced Micro Devices AMD

The company disclosed that on February 18, 2025, the Compensation and Leadership Resources Committee of its Board of Directors approved Fiscal 2024 annual cash performance bonuses under the Executive Incentive Plan (EIP) for 3 covered executive officers.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company disclosed that on February 18, 2025, the Compensation and Leadership Resources Committee of its Board of Directors approved Fiscal 2024 annual cash performance bonuses under the Executive Incentive Plan (EIP) for 3 covered executive officers.

  2. The company said bonuses were approved for Jean Hu, Executive Vice President, Chief Financial Officer and Treasurer, of $670,106; Phil Guido, Chief Commercial Officer, of $665,593; and Forrest Norrod, General Manager of Data Center Solutions, of $658,825.

  3. The company said its Board of Directors approved on February 19, 2025 an annual cash performance bonus under the EIP for Lisa T. Su, Chair, President and Chief Executive Officer, of Fiscal 2024 totaling $1,776,120.

  4. The company said the Fiscal 2024 EIP annual cash performance bonuses approved are expected to be paid in March 2025.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Compensation and Leadership Resources Committee Approves Fiscal 2024 EIP Bonuses

The company disclosed that on February 18, 2025, the Compensation and Leadership Resources Committee of its Board of Directors approved Fiscal 2024 annual cash performance bonuses under the Executive Incentive Plan (EIP) for 3 covered executive officers.

Source · Based on the filing body and exhibits

Bonus Amounts for Jean Hu, Phil Guido and Forrest Norrod

The company said bonuses were approved for Jean Hu, Executive Vice President, Chief Financial Officer and Treasurer, of $670,106; Phil Guido, Chief Commercial Officer, of $665,593; and Forrest Norrod, General Manager of Data Center Solutions, of $658,825.

Source · Based on the filing body and exhibits

Lisa T. Su's EIP Annual Cash Performance Bonus

The company said its Board of Directors approved on February 19, 2025 an annual cash performance bonus under the EIP for Lisa T. Su, Chair, President and Chief Executive Officer, of Fiscal 2024 totaling $1,776,120.

Source · Based on the filing body and exhibits

Timing of Bonus Payments

The company said the Fiscal 2024 EIP annual cash performance bonuses approved are expected to be paid in March 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.