Advanced Micro Devices, Inc. (AMD) has announced that its 2024 annual meeting of stockholders will be held virtually on May 8, 2024, at 9:00 a.m. Pacific Time. The meeting will address the election of nine director nominees, the ratification of Ernst & Young LLP as the independent registered public accounting firm for the current fiscal year, the approval of executive compensation, and a stockholder proposal requesting the right to call a special meeting. The Board has recommended votes in favor of all proposals except the stockholder proposal, which it advises against. The Board has recently amended the bylaws to allow stockholders holding no less than 20% of AMD's capital stock to call a special meeting, aligning with market practice and providing a balance between...Show More

Advanced Micro Devices, Inc. (AMD) has announced that its 2024 annual meeting of stockholders will be held virtually on May 8, 2024, at 9:00 a.m. Pacific Time. The meeting will address the election of nine director nominees, the ratification of Ernst & Young LLP as the independent registered public accounting firm for the current fiscal year, the approval of executive compensation, and a stockholder proposal requesting the right to call a special meeting. The Board has recommended votes in favor of all proposals except the stockholder proposal, which it advises against. The Board has recently amended the bylaws to allow stockholders holding no less than 20% of AMD's capital stock to call a special meeting, aligning with market practice and providing a balance between enabling stockholder action and protecting against misuse by a minority with potentially misaligned interests. The meeting will also include a non-binding advisory vote on the compensation of AMD's Named Executive Officers, with the Board recommending approval. The company's financial performance, including a 7% growth in Data Center revenue and a 17% increase in Embedded segment revenues, will be discussed, despite a decline in Client and Gaming segments leading to a 4% decrease in overall revenue compared to the previous year.