Intel Corporation · NASDAQ:INTC
Intel — Shareholder Meeting (April 2025)
14 slides from Intel's shareholder meeting presentation, Apr 25, 2025
Slide 1: Intel Corporation
INTEL CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (check all boxes that apply): ☒ No fee required. ☐ Fee paid previously with preliminary materials. ☐ Fee computed on table in exhibit requ
Slide 2: 2025 Spring Stockholder Outreach, April/May 2025
2025 Spring Stockholder Outreach April/May 2025
Slide 3: Executive Summary
2025 Spring Stockholder Outreach 2 Strategic Transformation and Leadership Transition ▪ Intel is at a critical point in its history, and delivering results for our customers and stockholders is our top priority ▪ We are very pleased to welcome experienced semiconductor expert Lip-Bu Tan as CEO to le
Slide 4: Driving Execution and Innovation
2025 Spring Stockholder Outreach 3 Driving Execution and Innovation Refocus on Core Product Franchise Valuable & durable client and data center computing ecosystem 1 Refine Our AI Strategy Focus on emerging areas of disruption 2 Build Trust with Foundry Customers Deliver on time across power, perfor
Slide 5: Leadership Transition
2025 Spring Stockholder Outreach 4 Leadership Transition We are very pleased to have appointed Lip-Bu Tan as our new CEO as we work to accelerate our turnaround and capitalize on the significant growth opportunities ahead Interim Leadership Supported the Transition Michelle Johnston Holthaus CEO of
Slide 6: Highly Qualified and Engaged Board, Refreshed with Industry Experts
2025 Spring Stockholder Outreach 5 Highly Qualified and Engaged Board, Refreshed with Industry Experts Our Board is working hard to oversee our strategic transformation, and has recently added significant semiconductor experience to complement its existing skillsets Frank D. Yeary Independent Chair
Slide 7: Skills & Expertise Aligned With Our Strategic Transformation
2025 Spring Stockholder Outreach 6 St ra te gi c Sk ill s Semiconductor, Industry, and IT/Technical 8 Operating and Manufacturing 5 Emerging Technologies and Business Models 9 Business Development and M&A 10 Global/International 10 Sales, Marketing, and Brand Management 7 Human Capital 9 C o re C o
Slide 8: 2025 CEO Target Compensation
2025 Spring Stockholder Outreach 7 Pay Element Target Value Vesting Terms Notable Characteristics 2025 CEO Target Compensation ($27,000,000) Base Salary $1,000,000 (Annualized) -- -- Annual Cash Bonus 200% of Salary -- • Payout is determined by financial and operational performance, based on the sam
Slide 9: 2024 pay outcomes reflected performance; 2025 refinements align with stockholder feedback
2025 Spring Stockholder Outreach 8 2024 pay outcomes reflected our performance results, and refinements for 2025 align with stockholder feedback 2024 COMPENSATION PROGRAMS OVERVIEW 2025 COMPENSATION ACTIONS Pay Element Performance Metric and Vesting 2024 Payouts FI X ED Base Salary -- -- -- A T R IS
Slide 10: Compensation Related to Departure of Prior CEO
2025 Spring Stockholder Outreach 9 Compensation Related to Departure of Prior CEO The Board had discussions with Pat Gelsinger regarding his resignation and ultimately decided to provide severance equal to: $7,031,250 Represents the following severance payments, consistent with the benefits he would
Slide 11: Equity Incentive Plan Refresh
2025 Spring Stockholder Outreach 10 ✓ No liberal share recycling ✓ No evergreen provision ✓ No automatic grants ✓ No tax gross-ups ✓ No discounted stock options or stock appreciation rights ✓ No repricing without stockholder approval ✓ No reload grants ✓ Clawback policy ✓ Individual limits on awards
Slide 12: Stockholder Proposals
2025 Spring Stockholder Outreach 11 Stockholder Proposals Stockholder proposal requesting a report on an ethical impact assessment ■ Intel has significant investments and presence in Israel; any divestment from or operational downsizing within Israel would likely cause significant harm to the compan
Slide 13: Voting Roadmap
2025 Spring Stockholder Outreach 12 Voting Roadmap Management Proposals 1 Election of the 11 director nominees 🗹 FOR EACH DIRECTOR NOMINEE 2 Ratification of selection of Ernst & Young LLP as our independent registered public accounting firm for 2025 🗹 FOR 3 Advisory vote to approve executive…
Slide 14: Forward-looking statements
2025 Spring Stockholder Outreach 13 Statements in these materials that refer to forecasts, business outlooks and beliefs, strategic ambitions and resulting initiatives, future plans or expectations, Intel’s transformation, growth, cost reduction and efficiency improvement plans, talent and compensat