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 2021
OnFebruary 22, 2022 , theCompensation and Leadership Resources Committee (the "CLRC") 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 2021 Annual Cash Named Executive Officer Performance BonusesDevinder Kumar , Executive Vice President, Chief Financial Officer and
Treasurer
Rick Bergman , Executive Vice President, Computing and Graphics
Business Group Darren Grasby , Executive Vice President andChief Sales Officer (1)
Mark D. Papermaster , Chief Technology Officer and Executive Vice
President, Technology and Engineering
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(1)Mr. Grasby's Fiscal 2021 Annual Cash Performance Bonus of £925,000 was converted from British pounds toU.S. dollars using an exchange rate of1.3396 U.S. dollars per1.00 British pound , which was the exchange rate reported by Bloomberg Financial as ofDecember 25, 2021 .
On
These bonus awards are expected to be paid in
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