8-K/ALeadership Changes

INTEL CORP 8-K/A Report, Executive Changes (Jan 22, 2008)

Filed January 22, 2008For Securities:INTC

Summary

This 8-K/A filing from Intel Corporation provides an update regarding the committee appointments of Carol A. Bartz, who was previously elected to the Board of Directors on November 14, 2007. Effective January 16, 2008, Ms. Bartz has been appointed to both the Audit Committee and the Finance Committee of the Board. The filing also confirms that the Board has determined Ms. Bartz to be an independent director under NASDAQ listing standards and the company's corporate governance guidelines.

Key Highlights

  • 1Carol A. Bartz appointed to the Audit Committee of Intel's Board of Directors (effective Jan 16, 2008).
  • 2Carol A. Bartz appointed to the Finance Committee of Intel's Board of Directors (effective Jan 16, 2008).
  • 3Ms. Bartz was previously elected to the Board of Directors on November 14, 2007, with an effective date of January 16, 2008.
  • 4The Board of Directors has concluded that Ms. Bartz meets the criteria for an independent director.
  • 5Independence was assessed against NASDAQ listing standards and Intel's corporate governance guidelines.
  • 6This filing is an amendment (8-K/A) to a previous filing, providing an update on committee appointments.

Frequently Asked Questions

Carol A. Bartz is a newly elected member of Intel's Board of Directors. Her appointment to key committees like Audit and Finance is significant as it indicates her active role in the company's governance and oversight, particularly in financial matters and compliance.

An 8-K/A filing is an amendment to a previously filed 8-K Current Report. This specific amendment serves to provide updated information regarding the committee assignments of a newly appointed director, which were not detailed in the original 8-K filing.

Being an 'independent director' means that Ms. Bartz meets specific criteria, as defined by NASDAQ listing rules and Intel's own corporate governance standards, that ensure she can exercise objective judgment and act in the best interests of all shareholders, free from any material relationship with the company that could impair her independence.

The committee appointments for Ms. Bartz to both the Audit Committee and the Finance Committee were effective immediately on January 16, 2008.