Form 8-K · Current Report · Filed 2025-02-24
Advanced Micro Devices Announces Executive Compensation for Fiscal 2024
On February 18, 2025, Advanced Micro Devices, Inc.'s Compensation and Leadership Resources Committee approved annual cash performance bonuses under the Executive Incentive Plan (EIP) for several executives, including Chief Financial Officer Jean Hu, Chief Commercial Officer Phil Guido, and General Manager of Data Center Solutions Forrest Norrod, among others.
- Filer
- Advanced Micro Devices, Inc. AMD · NASDAQ
- Filed
- Accession
- 0000002488-25-000026
- CIK
- 0000002488
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Details
The Board of Directors also approved a bonus for the Chair, President, and Chief Executive Officer, Lisa T. Su. These bonuses are expected to be paid in March 2025.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$110.84
Next session
-6.2%
Since filing
+329.6%
Latest close
$476.15
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from AMD reporting the same item, with the next session's move:
About Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc., commonly known as AMD, is a prominent player in the semiconductor industry, renowned for designing and manufacturing high-performance computing and graphics solutions. The company's primary function is to develop and distribute processors and graphics technologies that power a wide range of devices, from personal computers and gaming consoles to data centers and embedded systems. AMD's products play a pivotal role in enabling cutting-edge applications across industries such as gaming, cloud computing, artificial intelligence, and virtual reality. With a focus on innovation, AMD continually advances its product offerings to increase processing power and efficiency, which are crucial for contemporary technological applications. In the financial market, AMD is a significant entity due to its competitive standing against other semiconductor giants and its influence on technology trends. This importance is reflected in the company's partnerships with leading tech firms and its consumer impact through products like the Ryzen CPUs and Radeon GPUs. Headquartered in Santa Clara, California, AMD was founded in 1969 and remains a key contributor to the technological advancements that drive today's digital world.
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