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 2022
OnFebruary 14, 2023 , 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 to the named executive officers (as set forth in the Company's most recent definitive proxy statement filed with theSecurities and Exchange Commission onMarch 31, 2022 ): Fiscal 2022 Annual Cash Named Executive Officer Performance BonusesDevinder Kumar , Executive Vice President(1)$ 346,250 Rick Bergman , Executive Vice President, Computing and Graphics$ 318,750 Business Group Darren Grasby , Executive Vice President andChief Sales Officer (2)$ 301,650 Mark D. Papermaster , Chief Technology Officer and Executive Vice$ 375,000 President, Technology and Engineering
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(1)Mr. Kumar retired as Chief Financial Officer and Treasurer onJanuary 23, 2023 . (2)Mr. Grasby's Fiscal 2022 Annual Cash Performance Bonus of £250,000 was converted from British pounds toU.S. dollars using an exchange rate of1.2066 U.S. dollars per1.00 British pound , which was the exchange rate reported by Bloomberg Financial as of 12/31/22.
On
These bonus awards are expected to be paid in
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