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Intel | 8-K: Intel Appoints Stacy Smith to Board of Directors

SEC announcement ·  Mar 13 16:40
Summary by Moomoo AI
Intel Corporation announced the appointment of Stacy J. Smith as a new independent director to its Board, effective March 12, 2024. The Board, confirming his independence according to Nasdaq's listing requirements, also appointed him to the Audit & Finance Committee. Smith brings extensive experience from his tenure in the semiconductor industry, including over 30 years at Intel, where he served in various leadership roles, most notably as Executive Vice President and CFO. His current positions include Executive Chairman at Kioxia Corporation and Chairman of Autodesk, Inc. Smith also contributes to several other boards and advisory committees. He will receive standard compensation for non-employee directors, including a pro-rated annual cash retainer and time-based restricted stock units. Intel has also entered into...Show More
Intel Corporation announced the appointment of Stacy J. Smith as a new independent director to its Board, effective March 12, 2024. The Board, confirming his independence according to Nasdaq's listing requirements, also appointed him to the Audit & Finance Committee. Smith brings extensive experience from his tenure in the semiconductor industry, including over 30 years at Intel, where he served in various leadership roles, most notably as Executive Vice President and CFO. His current positions include Executive Chairman at Kioxia Corporation and Chairman of Autodesk, Inc. Smith also contributes to several other boards and advisory committees. He will receive standard compensation for non-employee directors, including a pro-rated annual cash retainer and time-based restricted stock units. Intel has also entered into a standard indemnification agreement with Smith, who has no familial ties with any current Intel directors or executive officers, nor any material interest in transactions requiring disclosure under Regulation S-K. The formal announcement was made through a press release dated March 13, 2024, as disclosed in Intel's Form 8-K filing with the SEC.

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