Summary
This 8-K filing from Advanced Micro Devices, Inc. (AMD) announces the upcoming retirement of a long-serving board member, Mr. Nicholas M. Donofrio. Mr. Donofrio, who has been on the Board since November 2009, will retire at the end of his current term and will not seek re-election at the 2018 Annual Meeting of Stockholders. His departure marks the end of his tenure, during which he played a significant role in key board committees, including Chair of the Innovation and Technology Committee.
Key Highlights
- 1Mr. Nicholas M. Donofrio, a Director on AMD's Board, will retire at the end of his current term.
- 2Mr. Donofrio will not stand for re-election at the Company's 2018 Annual Meeting of Stockholders.
- 3His retirement is in accordance with the Company's retirement policy and Principles of Corporate Governance.
- 4Mr. Donofrio has been a member of the Board since November 2009.
- 5He currently serves as the Chair of the Innovation and Technology Committee.
- 6He is also a member of the Nominating and Corporate Governance Committee and the Compensation and Leadership Resources Committee.
- 7Mr. Donofrio will continue to serve as a director until the expiration of his current term at the 2018 Annual Meeting.
Frequently Asked Questions
Mr. Nicholas M. Donofrio, a current member of the Board of Directors, is retiring.
Mr. Donofrio will retire at the end of his current term and will not stand for re-election at the 2018 Annual Meeting of Stockholders. He will continue to serve until the expiration of his term at that meeting.
Mr. Donofrio has been on the Board since November 2009 and served as the Chair of the Innovation and Technology Committee, as well as a member of the Nominating and Corporate Governance Committee and the Compensation and Leadership Resources Committee.
No, the filing states that his retirement is in accordance with the Company's retirement policy incorporated in its Principles of Corporate Governance. There is no indication of performance-related issues.