AMD 8-K: Smart Summary
76% reductionOn January 16, 2026, Advanced Micro Devices, Inc. expanded its Board of Directors from eight to nine members and appointed KC McClure as a new independent director, also assigning her to the Audit and Finance Committee.
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Executive Compensation
- KC McClure — Receives compensation based on the same policies as other non-employee directors as described in the Company's definitive proxy statement filed March 28, 2025 and the Company's Outside Director Equity Compensation Policy (Exhibit 10.2 to Form 10-Q filed November 5, 2025); granted 1,278 restricted stock units on January 16, 2026, which become fully vested and exercisable on the one-year anniversary of the grant date
Elections
- Director KC McClure — Appointed to the Board effective January 16, 2026, filling a vacancy created by the Board's approved increase in size from eight to nine directors; appointed to the Audit and Finance Committee; determined to qualify as an independent director under Nasdaq Stock Market rules and applicable SEC rules; most recently served as senior advisor to Accenture and previously served as Chief Financial Officer of Accenture from 2019 to 2024 with a more than 37-year tenure at Accenture; currently serves on the board of Goldman Sachs and the Smeal College of Business Board of Visitors; holds a Bachelor of Science in accounting and business administration from Pennsylvania State University's Smeal College of Business; expected to enter into the Company's standard form of indemnity agreement
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