1 unchanged sentence
Our common stock is listed on The NASDAQ Global Select Market (NASDAQ) under the symbol “AMD”.
−Removed: On February 22, 2023, there were 5,014 registered holders of our common stock, and the closing price of our common stock was $76.61 per share as reported on NASDAQ.
+Added: On January 25, 2024, there were 4,909 registered holders of our common stock, and the closing price of our common stock was $180.33 per share as reported on NASDAQ.
Issuer Purchases of Equity Securities
−Removed: In May 2021, our Board of Directors approved a stock repurchase program of up to $4 billion of our common stock (Existing Repurchase Program).
−Removed: In February 2022, our Board of Directors approved a new stock repurchase program in addition to the Existing Repurchase Program to purchase up to additional $8 billion of our outstanding common stock in the open market (collectively referred to as the “Repurchase Program”).
−Removed: We expect to fund repurchases through cash generated from operations which have been strengthened by our strong operational results.
+Added: We have an approved stock repurchase program authorizing repurchases of up to $12 billion of our common stock (Repurchase Program).
+Added: We expect to fund repurchases through cash generated from operations.
Our Repurchase Program does not obligate us to acquire any common stock, has no termination date and may be suspended or discontinued at any time.
−Removed: The following table provides information relating to our repurchase of common stock for the year ended December 31, 2022:
−Removed: Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Program Maximum Dollar Value of Shares That May Yet be Purchased Under the Program
+Added: The following table provides information relating to our repurchase of common stock during the fourth quarter of fiscal year 2023:
+Added: Date of Repurchase Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet be Purchased Under the Publicly Announced Plans or Programs
(In millions)
−Removed: Repurchases during each fiscal quarter of 2022:
−Removed: December 26, 2021 - March 26, 2022 15,785,806 $ 121.03 15,785,806 $ 8,327
−Removed: March 27, 2022 - June 25, 2022 10,159,900 $ 90.58 10,159,900 $ 7,407
−Removed: June 26, 2022 - September 24, 2022 6,895,972 $ 89.52 6,895,972 $ 6,790
−Removed: September 25, 2022 - December 31, 2022 3,484,459 $ 71.75 3,484,459 $ 6,540
−Removed: 36,326,137 36,326,137
−Removed: Repurchases during last fiscal quarter of 2022:
−Removed: September 25, 2022 - October 29, 2022 — $ — — $ 6,790
−Removed: October 30, 2022 - November 26, 2022 1,455,994 $ 70.65 1,455,994 $ 6,687
−Removed: November 27, 2022 - December 31, 2022 2,028,465 $ 72.54 2,028,465 $ 6,540
+Added: Oct 1, 2023 - Oct 28, 2023 — $ — — $ 5,788
+Added: Oct 29, 2023 - Nov 25, 2023 781,106 $ 119.59 781,106 $ 5,694
+Added: Nov 26, 2023 - Dec 30, 2023 1,164,316 $ 119.99 1,164,316 $ 5,555
Total 1,945,422 1,945,422
2 unchanged sentences
Those withheld shares of common stock are not considered common stock repurchases under an authorized common stock repurchase plan.
−Removed: During fiscal year 2022, we withheld 5 million shares as payment of withholding taxes in connection with the vesting and exercise of equity awards.
+Added: During fiscal year 2023, we withheld 4 million shares at an average price of $110.51 per share as payment of withholding taxes in connection with the vesting and exercise of equity awards.
For information about our equity compensation plans, see Part III, Item 11, below.
1 unchanged sentence
Comparison of Five-Year Cumulative Total Returns
−Removed: Advanced Micro Devices, S&P 500 Index and S&P 500 Semiconductor Index
−Removed: The following graph shows a five-year comparison of cumulative total return on our common stock, the S&P 500 Index and the S&P 500 Semiconductor Index from December 30, 2017 through December 31, 2022.
+Added: Advanced Micro Devices, S&P 500 Index and S&P 500 Semiconductors Index
+Added: The following graph shows a five-year comparison of cumulative total return on our common stock, the S&P 500 Index and the S&P 500 Semiconductors Index from December 29, 2018 through December 30, 2023, assuming reinvestment of dividends.
The past performance of our common stock is no indication of future performance.
6 unchanged sentences
Unregistered Sales of Equity Securities
−Removed: On January 3, 2023, we issued warrants to purchase 300,260 shares of our common stock to a commercial partner pursuant to a strategic arrangement executed in 2018 with such partner.
−Removed: The warrants have an exercise price of $25.4994 per share and expire on January 3, 2026.
−Removed: The warrants were issued pursuant to Section 4(a)(2) of the Securities Act of 1933.
−Removed: On February 9, 2023, we issued 27,230 shares of AMD’s common stock pursuant to an exercise in full by a commercial partner of warrants to purchase up to 42,260 shares of AMD’s common stock at an exercise price of $25.4994 per share (the Warrants).
−Removed: As a result, the Warrants are no longer outstanding.
−Removed: The commercial partner acquired the Warrants on March 30, 2020 and June 29, 2020 pursuant to a strategic arrangement with such partner.
−Removed: The shares of common stock were issued pursuant to Section 3(a)(9) of the Securities Act of 1933.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.