AMD Reports Chief Accounting Officer Resignation
Summary
AMD announced the resignation of its Chief Accounting Officer. • Item 5.02: Mr. Philip Carter resigned as Corporate Vice President and Chief Accounting Officer, effective September 5, 2025, to accept a Chief Financial Officer position at another company. His resignation is not due to any dispute with AMD's accounting practices or financial reporting. Ms. Jean Hu, AMD's Executive Vice President, Chief Financial Officer and Treasurer, will assume interim Chief Accounting Officer responsibilities while AMD conducts a search for a successor. Quantitative results: not disclosed.
Why It Matters
The departure of a key financial officer like the Chief Accounting Officer can be a material event for investors, signaling potential changes in financial leadership. However, AMD explicitly stated Mr. Carter's resignation was not due to any dispute regarding accounting practices or financial reporting, and an interim appointment ensures continuity.
Key Quote
“Departure of Chief Accounting Officer On August 22, 2025, Mr. Philip Carter informed Advanced Micro Devices, Inc. ("AMD") of his resignation as Corporate Vice President and Chief Accounting Officer of AMD, effective September 5, 2025.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000002488
- Filing Date
- Monday, August 25, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral