Advanced Micro Devices, Inc. filed a Form 8-K on August 19, 2026, disclosing the retirement of board director Joe Householder and the appointment of Tim Ryan as a new board member, both effective August 19, 2026.

Key Highlights

  • Director retirement: Joe Householder notified Advanced Micro Devices of his intention to retire from the Board of Directors effective August 19, 2026, after serving as a director since 2014.
  • No disagreement cited: According to the filing, Householder's retirement "is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices."
  • New director appointed: Tim Ryan was appointed to the Board effective August 19, 2026, and has been determined by the Board to qualify as an independent director under Nasdaq Stock Market rules and applicable SEC rules.
  • Committee changes: KC McClure will succeed Householder as Chair of the Audit and Finance Committee, and Nora Denzel, the Company's Lead Independent Director, will join that committee.
  • Additional appointment: McClure will also be appointed to the Nominating and Corporate Governance Committee of the Board.

Advanced Micro Devices Board Reshuffled Following Householder Departure

Advanced Micro Devices, Inc. (NASDAQ:AMD) disclosed a series of board-level changes through a Form 8-K filed August 19, 2026. Joe Householder, who has served as a director since 2014, provided notice on August 17, 2026, of his intention to retire from the Board effective August 19, 2026. The filing states explicitly that his retirement is not due to any disagreement with the company on matters related to its operations, policies, or practices.

In connection with Householder's retirement, the Board appointed Tim Ryan as a new board member, also effective August 19, 2026. The Board determined that Ryan qualifies as an independent director under Nasdaq Stock Market rules and applicable SEC rules. The filing states there are no family relationships between Ryan and any director or executive officer of the company, and that Ryan does not have a direct or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K. Ryan is expected to enter into the company's standard form of indemnity agreement and will receive compensation consistent with policies applicable to other non-employee directors, as described in the company's definitive proxy statement filed March 27, 2026.

The filing also details resulting committee adjustments. KC McClure, an existing board member, will become Chair of the Audit and Finance Committee, taking over from Householder. Nora Denzel, identified in the filing as the Company's Lead Independent Director, will join the Audit and Finance Committee. McClure will additionally be appointed to the Nominating and Corporate Governance Committee. A press release regarding these changes was attached as Exhibit 99.1 to the filing.

What Was Disclosed

AMD disclosed the retirement of long-serving director Joe Householder, effective August 19, 2026, the appointment of Tim Ryan as a new independent director on the same date, and related changes to the composition and leadership of the Audit and Finance Committee and the Nominating and Corporate Governance Committee.