8-K/ALeadership Changes

ADVANCED MICRO DEVICES INC 8-K/A Report, Executive Changes (May 12, 2008)

Filed May 12, 2008For Securities:AMD

Summary

This 8-K/A filing from Advanced Micro Devices, Inc. (AMD) amends a previous report and provides an update regarding the Board of Directors. Specifically, on May 8, 2008, the Board appointed Mr. Frank Clegg to serve on both the Compensation Committee and the Nominating and Corporate Governance Committee. This appointment is effective immediately as of the reporting date. Investors should note that Mr. Clegg's compensation for his services on these committees will be consistent with the benefits provided to other non-employee independent directors, as detailed in the company's March 14, 2008, proxy statement. This amendment does not introduce any new financial results or material operational changes, but rather clarifies and formalizes committee assignments for a key board member.

Key Highlights

  • 1Appointment of Frank Clegg to the Board's Compensation Committee (effective May 8, 2008).
  • 2Appointment of Frank Clegg to the Board's Nominating and Corporate Governance Committee (effective May 8, 2008).
  • 3This filing is an amendment to a previously filed 8-K concerning Mr. Clegg's election to the Board.
  • 4Mr. Clegg's compensation for committee service aligns with that of other non-employee independent directors.
  • 5Details of director compensation are available in AMD's definitive proxy statement filed March 14, 2008.
  • 6No new financial or material operational information is disclosed in this specific amendment.

Frequently Asked Questions

The primary purpose of this 8-K/A filing is to amend a prior report and formally announce the appointment of Mr. Frank Clegg to two key committees of AMD's Board of Directors: the Compensation Committee and the Nominating and Corporate Governance Committee, effective May 8, 2008.

Mr. Clegg will receive benefits for his service on these committees that are consistent with what the Company provides to its other non-employee independent directors. Specific details regarding this compensation can be found in AMD's definitive proxy statement filed on March 14, 2008.

No, this filing is an administrative update regarding board committee assignments. It does not report any new financial results or significant changes to the company's business operations.

Mr. Frank Clegg was elected to the Board of Directors on May 31, 2007, as reported in a previous Form 8-K filing by the company.