Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Executive Incentive Plan Bonuses for Fiscal 2020 OnFebruary 16, 2021 , theCompensation and Leadership Resources Committee of the Board of Directors ofAdvanced Micro Devices, Inc. (the "Company") approved the following annual cash performance bonuses under the Company's Executive Incentive Plan (the "EIP") to the Named Executive Officers listed below: Fiscal 2020 Annual Cash Named Executive Officer
Performance Bonuses
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(1)Mr. Grasby's Fiscal 2020 Annual Cash Performance Bonus of £582,200 was converted from British pounds toU.S. dollars using an exchange rate of1.356 U.S. dollars per1.00 British pound , which was the exchange rate reported by Bloomberg Financial as ofDecember 26, 2020 .
On
Pursuant to the EIP, the annual cash performance bonuses based on the Company's (a) corporate financial performance (weighted 80%) for the 2020 fiscal year (i.e.,December 28, 2019 toDecember 26, 2020 ), as evaluated against pre-established performance goals for revenue, adjusted non-GAAP net income and adjusted free cash flow, and (b) achievement of pre-established strategic milestones (weighted 20%) with respect to new product tape outs, launches, and commercial/operational metrics. These bonus awards are expected to be paid inMarch 2021 .
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