Business Context and Reporting Period
This Form 8-K Current Report was filed by Advanced Micro Devices, Inc. on August 17, 2026, regarding events occurring on August 19, 2026. The filing addresses corporate governance changes involving 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 focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Director Retirement: Mr. Joe Householder notified the Company of his intention to retire from the Board effective August 19, 2026, after serving since 2014. The retirement is not due to any disagreement with the Company.
- Committee Reassignments: Upon Mr. Householder's departure, Ms. KC McClure will succeed him as Chair of the Audit and Finance Committee. Ms. Nora Denzel, Lead Independent Director, will join the Audit and Finance Committee. Ms. McClure will also be appointed to the Nominating and Corporate Governance Committee.
- Director Appointment: The Board appointed Mr. Tim Ryan as a new independent director effective August 19, 2026.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding business operations. No risks or contingencies related to financial performance are disclosed. Mr. Ryan's compensation will align with existing policies for non-employee directors, and he is expected to enter into a standard indemnity agreement.
Key Facts for Investor Verification
- Verify the effective date of Mr. Householder's retirement and Mr. Ryan's appointment (August 19, 2026).
- Confirm the new composition of the Audit and Finance Committee, specifically the roles of Ms. McClure and Ms. Denzel.
- Review the definitive proxy statement filed on March 27, 2026, for details on director compensation policies applicable to Mr. Ryan.
- Check for any subsequent filings regarding the formal acceptance of Mr. Ryan's appointment.