AI English summary of an SEC filing — figures as filed
Advanced Micro Devices AMDThe company said the Compensation and Leadership Resources Committee approved fiscal 2023 annual cash performance bonuses under the EIP on February 13, 2024. The bonuses were $507,968 for Jean Hu, $499,403 for Darren Grasby, $587,672 for Mark Papermaster and $682,819 for Victor Peng.
Key points
AI summaryThe company said the Compensation and Leadership Resources Committee approved fiscal 2023 annual cash performance bonuses under the EIP on February 13, 2024. The bonuses were $507,968 for Jean Hu, $499,403 for Darren Grasby, $587,672 for Mark Papermaster and $682,819 for Victor Peng.
The company said the Board of Directors approved an annual cash performance bonus of $1,432,800 under the EIP for Lisa T. Su, Chair, President and Chief Executive Officer, on February 14, 2024. It said the bonus awards are expected to be paid in March 2024.
AMD said Darren Grasby's fiscal 2023 annual cash performance bonus of £391,781 was converted from British pounds to U.S. dollars. The company said it used the exchange rate reported by Bloomberg Financial as of 12/30/23, which was 1.2747 U.S. dollars per 1.00 British pound.
The company said the Board of Directors approved an amendment and restatement of its bylaws on February 13, 2024. The amendments set the requirements and procedures for stockholders who hold not less than 20% of the voting power of outstanding stock and have held it continuously for at least 1 years before the request is delivered to call a special meeting of stockholders.
Summary
AI-writtenAnalysis 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.
Fiscal 2023 EIP Annual Cash Bonuses Approved for 4 Executives
The company said the Compensation and Leadership Resources Committee approved fiscal 2023 annual cash performance bonuses under the EIP on February 13, 2024. The bonuses were $507,968 for Jean Hu, $499,403 for Darren Grasby, $587,672 for Mark Papermaster and $682,819 for Victor Peng.
Source · Based on the filing body and exhibits
Lisa T. Su's Chair, President and CEO Bonus and Payment Timing
The company said the Board of Directors approved an annual cash performance bonus of $1,432,800 under the EIP for Lisa T. Su, Chair, President and Chief Executive Officer, on February 14, 2024. It said the bonus awards are expected to be paid in March 2024.
Source · Based on the filing body and exhibits
Exchange Rate Used for Darren Grasby's Bonus in British Pounds
AMD said Darren Grasby's fiscal 2023 annual cash performance bonus of £391,781 was converted from British pounds to U.S. dollars. The company said it used the exchange rate reported by Bloomberg Financial as of 12/30/23, which was 1.2747 U.S. dollars per 1.00 British pound.
Source · Based on the filing body and exhibits
Bylaws Amended to Set Requirements for Special Meeting Calls
The company said the Board of Directors approved an amendment and restatement of its bylaws on February 13, 2024. The amendments set the requirements and procedures for stockholders who hold not less than 20% of the voting power of outstanding stock and have held it continuously for at least 1 years before the request is delivered to call a special meeting of stockholders.
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.
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