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.