Business Context and Reporting Period
This Form 8-K Current Report was filed by Advanced Micro Devices, Inc. on March 5, 2018, regarding events occurring on March 2, 2018. The filing addresses corporate governance changes specifically related to the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 regarding the departure of a director and contains no financial data.
Material Changes
The material change reported is the upcoming retirement of Nicholas M. Donofrio from the Board of Directors. Mr. Donofrio, who has served since November 2009, will not stand for re-election at the 2018 Annual Meeting of Stockholders. He currently serves as Chair of the Innovation and Technology Committee and is a member of the Nominating and Corporate Governance Committee and the Compensation and Leadership Resources Committee.
Guidance, Outlook, and Risks
The filing does not contain financial guidance, outlook, management commentary on operations, or specific risk factors. The retirement is described as being in accordance with the Company's retirement policy incorporated in its Principles of Corporate Governance. Mr. Donofrio will continue to serve as a director until the expiration of his term at the 2018 Annual Meeting.
Key Facts for Investor Verification
- Nicholas M. Donofrio will retire from the Board of Directors effective at the 2018 Annual Meeting of Stockholders.
- Mr. Donofrio has been a director since November 2009.
- He currently chairs the Innovation and Technology Committee and serves on two other board committees.
- No financial performance data or strategic outlook is included in this specific filing.