Who is James (Jim) J. Goetz and what is his background?

Mr. James J. Goetz is a newly elected independent director to Intel's Board of Directors. He has a distinguished career in the technology sector, serving as a partner at the venture capital firm Sequoia Capital Operations, LLC since 2004. His experience includes co-founding VitalSigns Software and holding executive roles at Bay Networks. He also has a robust history of board service for multiple technology companies, including Palo Alto Networks, Barracuda Networks, and Nimble Storage.

What is the significance of Mr. Goetz's appointment to Intel's Board?

Mr. Goetz's appointment is significant as it brings deep industry expertise and a strategic perspective to Intel's Board. His background in venture capital and his experience with numerous technology companies are expected to provide valuable insights into innovation, growth strategies, and corporate governance for Intel as it navigates the complex and rapidly changing technology market.

How will Mr. Goetz be compensated as a director?

Mr. Goetz will receive compensation consistent with Intel's standard arrangements for non-employee directors. This includes an annual cash retainer of $90,000, which will be pro-rated for his initial year of service. Additionally, he will be granted restricted stock units (RSUs) with an approximate value of $128,333 in the first quarter of 2020, which will vest according to the standard director schedule.

Has Mr. Goetz been appointed to any board committees?

At the time of his election, Mr. Goetz had not yet been appointed to any specific Board committees. His primary role is as a general member of the Board of Directors.

INTC 8-K: Leadership Changes & Regulation FD

Summary

Intel Corporation (INTC) announced on November 14, 2019, a significant addition to its Board of Directors with the election of Mr. James (Jim) J. Goetz, effective immediately. Mr. Goetz brings extensive experience from the venture capital and technology sectors, having served as a partner at Sequoia Capital Operations, LLC since 2004. His background includes co-founding VitalSigns Software and holding executive positions at Bay Networks. He also possesses a strong track record as a board member for various technology companies, including Palo Alto Networks, Barracuda Networks, Nimble Storage, Jive Software, and Ruckus Wireless. This appointment is expected to strengthen Intel's board with strategic insights, particularly given Mr. Goetz's deep understanding of technology innovation and corporate governance. He has been deemed independent by Nasdaq standards and will receive standard compensation for non-employee directors, including an annual cash retainer and restricted stock units. The inclusion of Mr. Goetz is a move to enhance the board's expertise and oversight as Intel navigates the evolving technology landscape.

Key Highlights

1Intel Corporation elected Mr. James (Jim) J. Goetz to its Board of Directors, effective November 13, 2019.
2Mr. Goetz is considered an independent director according to Nasdaq listing requirements.
3He has a strong background in venture capital as a partner at Sequoia Capital Operations, LLC.
4Mr. Goetz brings significant experience from previous leadership roles and board memberships in various technology companies.
5His expertise spans areas such as end-user performance management, network security, and data storage.
6Mr. Goetz will receive standard compensation for non-employee directors, including an annual cash retainer and restricted stock units.
7The press release announcing this election is furnished as an exhibit to the 8-K filing.

INTEL CORP 8-K Report, Executive Changes (Nov 14, 2019)

Summary

Key Highlights

Frequently Asked Questions