AMD 8-K: Smart Summary

Advanced Micro Devices, Inc. disclosed the retirement of director Joe Householder effective August 19, 2026, and the concurrent appointment of Tim Ryan as a new independent director to the Board, also effective August 19, 2026, along with related Board committee changes.

• Tim Ryan — Will receive compensation based on the same policies as the Company's other non-employee directors, as described in the Company's definitive proxy statement filed on March 27, 2026 with the SEC and in the Company's Outside Director Equity Compensation Policy attached as Exhibit 10.2 to the Company's Quarterly Report on Form 10-Q filed with the SEC on November 5, 2025; expected to enter into the Company's standard form of indemnity agreement in the form filed as Exhibit 10.1 to the Company's Current Report on Form 8-K filed with the SEC on October 10, 2008

• Director Joe Householder — Retired from the Board effective August 19, 2026; provided notice on August 17, 2026; had served as a director since 2014 (more than 11 years); retirement is not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices; previously served as Chair of the Audit and Finance Committee

• Director Tim Ryan — Appointed to the Board effective August 19, 2026; determined to qualify as an independent director under Nasdaq Stock Market rules and applicable SEC rules; serves as Head of Technology and Business Enablement at Citi; joined Citi in 2024 after more than three decades at PwC, including serving as U.S. Chair and Senior Partner from 2016 to 2024; certified public accountant; holds a bachelor's degree in accounting and communications from Babson College; no family relationships with any director or executive officer of the Company; no material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K; committee assignments not yet specified in the filing
• Director (committee changes) KC McClure — Existing Board member; will succeed Mr. Householder as Chair of the Audit and Finance Committee effective August 19, 2026; will also be appointed to the Nominating and Corporate Governance Committee
• Director (committee changes) Nora Denzel — Lead Independent Director; will join the Audit and Finance Committee effective August 19, 2026