Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

September 17, 2011

Date of Report (Date of earliest event reported)

 

 

ADVANCED MICRO DEVICES, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-07882   94-1692300
(State of Incorporation)  

(Commission

File Number)

  

(IRS Employer

Identification Number)

One AMD Place

P.O. Box 3453

Sunnyvale, California 94088-3453

(Address of principal executive offices) (Zip Code)

(408) 749-4000

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 17, 2011, the Compensation Committee of the Board of Directors of Advanced Micro Devices, Inc. (the “Company”) approved a discretionary bonus award for Mr. Thomas Seifert, the Company’s Senior Vice President and Chief Financial Officer, consisting of a cash payment in the amount of $746,000 in connection with his service as the Company’s interim Chief Executive Officer from January 10, 2011 through August 25, 2011. The Company will record the bonus payment as an expense in MG&A during the third fiscal quarter of 2011.

On September 22, 2011, the Company announced that Rick Bergman has resigned as the Company’s Senior Vice President and General Manager of the Products Group, effective as of September 27, 2011. Also, effective September 27, 2011, Mr. Bergman will no longer serve as an executive officer of the Company.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 22, 2011   ADVANCED MICRO DEVICES, INC.
  By:  

/s/ Faina Roeder

  Name:   Faina Roeder
  Title:   Assistant Secretary