Intel said on March 12, 2024 that its board appointed Stacy J. Smith as a director, effective immediately. The board determined that he qualifies as an independent director under Nasdaq listing requirements, and he was assigned to the Audit & Finance Committee.

1. 01

   Intel said on March 12, 2024 that its board appointed Stacy J. Smith as a director, effective immediately. The board determined that he qualifies as an independent director under Nasdaq listing requirements, and he was assigned to the Audit & Finance Committee.

2. 02

   The company said Smith worked at Intel from 1988 until his retirement in 2018, and served as chief financial officer for 9 years, from 2007 to 2016. He was Executive Vice President, Group President, Manufacturing, Operations & Sales from 2017 to 2018.

3. 03

   The company said Smith, age 61, is Executive Chairman of Kioxia Corporation and Chairman of Autodesk, Inc., and also serves on the board of Wolfspeed, Inc. The press release said he has served at Kioxia since 2018, at Autodesk since 2011 and at Wolfspeed since 2023.

4. 04

   The company said Smith will receive the standard compensation for non-employee directors. Under that arrangement, he will be granted time-based restricted stock units in Q2 2024 with a grant-date value of about $36,667. The award will vest on the earlier of May 11, 2024 and the date of Intel's 2024 Annual Stockholders' Meeting, subject to his continued service on the Board.

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

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

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