8-K/ALeadership Changes

INTEL CORP 8-K/A Report, Executive Changes (Mar 13, 2020)

Filed March 13, 2020For Securities:INTC

Summary

Intel Corporation (INTC) filed an amendment to its 8-K filing on March 12, 2020, providing an update on the appointment of director James J. Goetz. Originally elected to the Board of Directors on November 13, 2019, Mr. Goetz has now been appointed to two key Board committees: the Corporate Governance and Nominating Committee and the Finance Committee. These appointments are effective following the company's 2020 Annual Stockholders' Meeting, contingent upon his re-election by shareholders.

Key Highlights

  • 1James J. Goetz appointed to the Corporate Governance and Nominating Committee.
  • 2James J. Goetz appointed to the Finance Committee.
  • 3Committee appointments are effective after the 2020 Annual Stockholders' Meeting.
  • 4Appointments are conditional on Mr. Goetz's re-election by stockholders.
  • 5Mr. Goetz has been determined to meet Nasdaq's independence requirements.
  • 6This filing is an amendment (8-K/A) to a previous filing dated November 14, 2019.

Frequently Asked Questions

James J. Goetz was elected to Intel's Board of Directors in November 2019. His recent appointment to the Corporate Governance and Nominating Committee and the Finance Committee indicates his increasing involvement and the Board's reliance on his expertise in key areas of corporate oversight and financial strategy.

The Corporate Governance and Nominating Committee typically oversees board structure, director nominations, and corporate governance policies. The Finance Committee generally reviews financial matters, capital structure, and significant financial transactions, advising the full board on financial strategy and oversight.

No, the appointments are not final. They are scheduled to become effective after Intel's 2020 Annual Stockholders' Meeting and are contingent upon Mr. Goetz being re-elected to the Board of Directors by the shareholders at that meeting.

This filing is an amendment because it updates information previously disclosed in an 8-K filing on November 14, 2019, specifically regarding committee assignments for Mr. Goetz, which were not determined at the time of the initial filing.