Who is Tim Teter and what is his role at NVIDIA?

Tim Teter has been appointed as NVIDIA's Senior Vice President, General Counsel, and Secretary, effective January 23, 2017. He is a seasoned legal professional with over two decades of experience in patent and technology litigation, and a background in engineering.

What is the significance of this appointment for NVIDIA?

This appointment signifies a leadership change in NVIDIA's legal department. Mr. Teter's expertise in technology law is expected to be valuable for the company, especially given its focus on innovation. It also marks a transition for David M. Shannon, who is moving to focus on human resources before his retirement.

What is Tim Teter's compensation package?

Mr. Teter's compensation includes an annual base salary of $850,000, an annual incentive compensation target of $250,000 starting in fiscal year 2018, an anniversary bonus of $450,000 after one year of employment, and a significant Restricted Stock Unit (RSU) grant valued at $5,800,000 that vests over four years.

How does Tim Teter's background align with NVIDIA's business?

Mr. Teter's extensive experience in litigating patent and technology-related matters, coupled with his prior career as an engineer, directly aligns with NVIDIA's core business in advanced technology and intellectual property. This background suggests he can provide insightful legal counsel on complex technical and IP issues.

NVDA 8-K: Leadership Changes

Summary

NVIDIA Corporation announced on January 18, 2017, the appointment of Tim Teter as its new Senior Vice President, General Counsel, and Secretary, effective January 23, 2017. This appointment marks a transition in the company's legal leadership, with Mr. Teter succeeding David M. Shannon, who will continue to oversee human resources and assist with legal matters until his planned retirement. Mr. Teter brings over two decades of experience in patent and technology litigation from his tenure as a partner at Cooley LLP, along with an engineering background from Lockheed Missiles and Space Company, providing a strong foundation for his role at NVIDIA. The compensation package for Mr. Teter is substantial, reflecting his senior role. It includes a base salary of $850,000, an annual incentive target of $250,000 starting in fiscal year 2018, and a significant anniversary bonus of $450,000 payable after one year of employment. Additionally, he will receive a substantial Restricted Stock Unit (RSU) grant valued at $5,800,000, vesting over four years, indicating a long-term alignment with the company's performance. These details are crucial for investors to understand the company's investment in key executive talent and its associated financial commitments.

Key Highlights

1Appointment of Tim Teter as Senior Vice President, General Counsel, and Secretary, effective January 23, 2017.
2Mr. Teter's extensive legal background includes over 20 years of patent and technology litigation experience.
3Mr. Teter's prior experience as an engineer at Lockheed Missiles and Space Company provides a technical perspective for his legal role.
4David M. Shannon will transition from legal responsibilities to focus solely on human resources before his retirement.
5Mr. Teter's compensation includes an annual base salary of $850,000.
6A significant equity grant of Restricted Stock Units (RSUs) valued at $5,800,000, vesting over four years, is part of his compensation package.
7Mr. Teter is eligible for an annual incentive bonus targeted at $250,000 starting in fiscal year 2018.

NVIDIA CORP 8-K Report, Executive Changes (Jan 19, 2017)

Summary

Key Highlights

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