Intel

(e) Amendment and Restatement of 2006 Equity Incentive Plan The Board of Directors (the "Board") of Intel Corporation (the "Company") previously approved, subject to stockholder approval, an amendment and restatement of the Company's 2006 Equity Incentive Plan (the “EIP”). As described below under

(d) Election of New Director. On November 17, 2022, the Board elected Barbara G. Novick to the Board, effective December 1, 2022 (the “Effective Date”). The Board determined that Ms. Novick qualifies as “independent” in accordance with the published listing requirements of Nasdaq, and she has been appointed to the Audit & Finance Committee and Compensation Committee as of the Effective Date. Ms. Novick, 62, co-founded BlackRock, Inc. in 1988 and continued as its Vice Chairman until February 2021 when she transitioned to Senior Advisor. From 1988 to 2009, Ms. Novick headed the Global Account Management Group at Blackrock and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide.

(d) Election of New Director. On August 8, 2022, the Board of Directors (“Board”) of Intel Corporation (“Intel”) elected Lip-Bu Tan to the Board, effective September 1, 2022 (the “Effective Date”). Mr. Tan has been appointed to the Board’s M&A committee. Lip-Bu Tan, 62, has served as the Executive Chair of the Board of Cadence Design Systems, Inc. (“Cadence”), a computational software company, since December 2021 and as a member of its board since 2004. Mr. Tan served as Chief Executive Officer of Cadence from 2009 to December 2021, and as President from 2009 to 2017. He founded Walden International, an international venture capital firm, in 1987, and has served as its Chairman since its founding, and is the founding managing partner of two other venture capital firms: Celesta Capital and Walden Catalyst Ventures. Mr.

(c) Appointment of Chief Accounting Officer Scott Gawel has been appointed as Corporate Vice President and Chief Accounting Officer of Intel Corporation (“Intel”), effective as of July 6, 2022 (the “Effective Date”). In this role, he will serve as Intel’s principal accounting officer. Mr. Gawel, 51, will join Intel from Oracle Corporation, a software and technology company. From December 2020 to June 2022, he served as Senior Vice President and Corporate Controller of Oracle. He served as Oracle’s Senior Vice President and Assistant Controller from September 2017 to December 2020, Vice President and Corporate Accounting from June 2009 to September 2017, and Senior Director and Corporate Accounting from 2004 to June 2009. In connection with his appointment as Chief Accounting Officer, Intel entered into an offer letter with Mr.

(e) Amendment and Restatement of the 2006 Equity Incentive Plan The Board of Directors of Intel Corporation (“Intel”) previously approved, subject to stockholder approval, an amendment and restatement of Intel’s 2006 Equity Incentive Plan (the “EIP”). As described below under

(b) Departure of Certain Officers On February 5, 2022, Steven R. Rodgers, Executive Vice President and General Counsel of Intel Corporation (“Intel”), notified Intel of his decision to retire from the company on May 31, 2022. Susie Giordano, Corporate Vice President and Corporate Secretary, will serve as the interim General Counsel effective immediately.

(b), (c), (e) Appointment of Chief Financial Officer On January 10, 2022, Intel Corporation (“Intel”) announced that its Board of Directors (the “Board”) appointed David A. Zinsner as Executive Vice President and Chief Financial Officer, effective as of January 17, 2022 (the “Effective Date”). In this role, he will oversee Intel’s global finance organization. He will also serve as Intel’s principal accounting officer. Mr. Zinsner, 53, will join Intel from Micron Technology, Inc., a manufacturer of memory and storage products, where he most recently served as Executive Vice President and Chief Financial Officer. From February 2018 to October 2021, he served as Senior Vice President and Chief Financial Officer of Micron. Previously, from April 2017 to February 2018, he served as the President and Chief Operating Officer of Affirmed Networks, Inc.

below. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The attached press release includes non-GAAP financial measures relating to our operations and forecasted outlook. Certain of these non-GAAP measures will be used in Intel’s earnings conference for the third quarter of 2021. In addition, the attached press release includes reconciliations of these non-GAAP measures to GAAP measures, as well as an explanation of how management uses these non-GAAP measures and the reasons why management views these measures as providing useful information for investors. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to these results should be carefully evaluated.

(b), (c) On October 4, 2021, Kevin T. McBride, Vice President of Finance, Corporate Controller, and principal accounting officer of Intel Corporation (“Intel”) notified Intel of his decision to resign, effective as of October 31, 2021 (the “Effective Date”), in order to pursue another career opportunity. After the Effective Date, George S. Davis, Intel’s Executive Vice President and Chief Financial Officer, will serve as principal accounting officer in addition to his current role as principal financial officer. Mr. Davis, 63, has served as Intel’s Executive Vice President and Chief Financial Officer since April 2019. He oversees Intel’s global finance and information technology organizations, as well as its M&A function. Prior to joining Intel, Mr.

(d) Election of New Director. On July 14, 2021, the Board of Directors (“Board”) of Intel Corporation (“Intel”) elected Dr. Andrea J. Goldsmith to the Board, effective September 1, 2021. The Board determined that Dr. Goldsmith qualifies as “independent” in accordance with the published listing requirements of Nasdaq. Dr. Goldsmith has not been appointed to any Board committees at this time. Dr. Goldsmith, 57, served for over two decades on the faculty of Stanford University before she was named Dean of Engineering and Applied Science and the Arthur LeGrand Doty Professor of Electrical and Computer Engineering at Princeton University in 2020. From 2012 to 2020, Dr. Goldsmith served as the Stephen Harris Professor of Engineering and a Professor of Engineering at Stanford University.

(e) Compensatory Arrangements of Certain Officers. On June 22, 2021, Intel Corporation (“Intel”) announced that Navin Shenoy would separate from Intel, effective as of July 6, 2021. Mr. Shenoy’s separation from Intel was in connection with the restructuring of the Data Platforms Group. On July 9, 2021, Intel entered into a Separation Agreement and General Release of Claims (“Agreement”) with Mr. Shenoy, pursuant to which he provided a customary release in favor of Intel, reconfirmed his obligations under existing agreements pertaining to confidentiality and intellectual property ownership, and committed to non-disparagement and cooperation provisions, and pursuant to which he will receive a separation payment of $1,800,000 and certain other benefits.

(b) Departure of Certain Officers. On June 17, 2021, Intel Corporation (“Intel”) determined that Navin Shenoy, Intel’s Executive Vice President and General Manager, Data Platforms Group (“DPG”), will separate from Intel effective as of July 6, 2021.

(b) On March 10, 2021, Andrew Wilson informed Intel Corporation (“Intel”) that he will not stand for re-election to Intel’s Board of Directors (“Board”) at Intel’s 2021 Annual Stockholders’ Meeting. Mr. Wilson’s decision not to stand for re-election is not due to any disagreement with Intel. Mr. Wilson, a member of the Board since 2017, will continue to serve as a director until the expiration of his current term at the 2021 Annual Stockholders’ Meeting.

(e) Adoption of Inducement Plan On February 11, 2021, Intel Corporation’s (“Intel’s”) Board of Directors (the “Board”) approved and adopted the Intel Corporation 2021 Inducement Plan (the “Inducement Plan”). The Inducement Plan provides for the grant of equity or equity-based awards in the form of non-qualified stock options, restricted stock units (“RSUs”), and other stock-based awards. The Inducement Plan’s terms are substantially similar to the terms of Intel’s 2006 Equity Incentive Plan, as amended and restated, with the addition of certain terms and conditions intended to comply with the Nasdaq inducement award exception. The Inducement Plan was adopted by the Board without stockholder approval pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.

(b) On January 19, 2021, Todd M. Underwood, Corporate Vice President, Chief Financial Officer of the Client Computing Group and former interim Chief Financial Officer, informed Intel Corporation (“Intel”) of his resignation, effective February 2, 2021.

(b), (c), (d), (e) Appointment of Chief Executive Officer On January 13, 2021, Intel announced that its Board of Directors (the “Board”) appointed Patrick (“Pat”) Gelsinger as Chief Executive Officer of Intel (“CEO”), effective as of February 15, 2021 (the “Effective Date”). Mr. Gelsinger also was appointed as a member of the Board and the Executive Committee of the Board, effective as of the Effective Date. Mr. Gelsinger, 59, will join Intel from VMware, Inc. (“VMware”), where he has served as Chief Executive Officer and a director of VMware’s board since September 2012. Prior to joining VMware, Mr. Gelsinger served as President and Chief Operating Officer, EMC Information Infrastructure Products at EMC from September 2009 to August 2012. Mr.

(e) Compensatory Arrangements of Certain Officers. On July 27, 2020, Intel Corporation (“Intel”) announced that Dr. Venkata Renduchintala would depart from Intel, effective as of August 3, 2020. In connection with his departure, Intel entered into a Separation Agreement and General Release of Claims (“Agreement”) with Dr. Renduchintala on August 11, 2020, pursuant to which he provided a customary release in favor of Intel, reconfirmed his obligations under existing agreements pertaining to confidentiality and intellectual property ownership, and committed to non-disparagement and cooperation provisions, and pursuant to which he will receive a separation payment of $1,800,000 and certain other benefits.

(b) Departure of Certain Officers. On July 24, 2020, Intel Corporation (“Intel”) determined that as a result of organizational changes to Intel’s Technology, Systems Architecture & Client Group (“TSCG”), Dr. Venkata Renduchintala’s role as Group President, TSCG and Chief Engineering Officer would be eliminated. Dr. Renduchintala will depart from Intel, effective as of August 3, 2020.

(d) Election of New Director. On June 15, 2020, the Board of Directors (“Board”) of Intel Corporation (“Intel”) elected Mr. Dion J. Weisler to the Board, effective immediately. The Board determined that Mr. Weisler qualifies as “independent” in accordance with the published listing requirements of Nasdaq. Mr. Weisler was also appointed to the Compensation and Finance Committees. Mr. Weisler, 52, served as the President and Chief Executive Officer of HP, Inc. (“HP”), a computer, printer and related supplies technology company, from November 1, 2015 through October 31, 2019. Previously, he served at HP as Executive Vice President of the Printing and Personal Systems Group from June 2013 to November 2015 and as Senior Vice President and Managing Director, Printing and Personal Systems, Asia Pacific and Japan from January 2012 to June 2013.

(d) Election of Director. On January 21, 2020, Intel Corporation (“Intel”) filed a Form 8-K under

(d) Election of New Director. On November 14, 2019, Intel Corporation (“Intel”) filed a Form 8-K under

(e) Compensatory Arrangements of Certain Officers. On January 15, 2020, the Board of Directors (the “Board”) of Intel Corporation (“Intel”) approved a new Executive Annual Performance Bonus Plan (the “Plan”), replacing the 2014 Annual Performance Bonus Plan (the existing annual cash bonus plan for executive officers), to enhance the ability of the Compensation Committee of the Board (the “Committee”) to structure annual cash incentive compensation for Intel’s executive officers in alignment with Intel’s strategic objectives. All of Intel’s executive officers are eligible to participate in the Plan. Under the Plan, the Committee will establish, on an annual basis, the performance criteria and goals, and the relative weightings thereof, applicable to each executive officer’s bonus opportunity.

(d) Election of Director. On January 15, 2020, the Board of Directors (“Board”) of Intel Corporation (“Intel”) elected Ms. Alyssa Henry to the Board, effective immediately. The Board determined that Ms. Henry qualifies as “independent” in accordance with the published listing requirements of Nasdaq. Ms. Henry has not been appointed to any Board committees at this time. Ms. Henry, 49, has served as Seller Lead for Square, Inc. — a provider of software, hardware and financial services for small businesses and individuals — since 2014. She oversees global engineering, product management, design, sales, marketing, partnerships and support for Square’s seller-facing software and financial services products. Prior to Square, she served in various positions with Amazon.com, Inc.

(d) Election of New Director. On November 13, 2019, the Board of Directors (“Board”) of Intel Corporation (“Intel”) elected Mr. James (Jim) J. Goetz to the Board, effective immediately. The Board determined that Mr. Goetz qualifies as “independent” in accordance with the published listing requirements of Nasdaq. Mr. Goetz has not been appointed to any Board committees at this time. Mr. Goetz, age 54, has served as a partner of Sequoia Capital Operations, LLC, a venture capital firm, since June 2004. Prior to joining Sequoia, Mr. Goetz co-founded VitalSigns Software, where he assembled and led the team that pioneered end-user performance management. Prior to VitalSigns, he was the Vice President of Network Management for Bay Networks. Mr.

(b) Resignation of Director; Appointment of Independent Lead Director On September 19, 2019, Aneel Bhusri, a member of the Board of Directors (the “Board”) of Intel Corporation (“Intel”) since 2014 and the Board’s current independent Lead Director, notified the Board of his decision to resign from the Board, effective as of November 1, 2019. Mr. Bhusri’s resignation is not due to any disagreement with Intel. The Board appointed Dr. Omar Ishrak, a current member of the Board, to serve as the Board’s independent Lead Director, a member of the Executive Committee of the Board, and co-Chair of the Corporate Governance and Nominating Committee of the Board, effective as of November 1, 2019.

(e) Promotion Equity Award and Compensation Increase On September 10, 2019, the Compensation Committee of the Board of Directors of Intel Corporation (“Intel”) approved an equity award and cash compensation increase for Todd Underwood in connection with his promotion to Corporate Vice President, Chief Financial Officer of the Client Computing Group. Prior to his promotion, Mr. Underwood served as Vice President of Finance and Director, Corporate Planning, Reporting and Strategy, and he previously served as Intel’s interim Chief Financial Officer. Mr. Underwood will be granted restricted stock units (“RSUs”) with a target aggregate grant date value of approximately $1,327,000. The RSUs will vest quarterly over a 3-year period from the grant date and are subject to the terms and conditions of Intel’s 2006 Equity Incentive Plan.

(e) Amendment and Restatement of the 2006 Equity Incentive Plan The Board of Directors of Intel Corporation (“Intel”) previously approved, subject to stockholder approval, an amendment and restatement of Intel’s 2006 Equity Incentive Plan (the “EIP”). As described below under

(e) Special Equity Awards On April 8, 2019, the Compensation Committee of the Board of Directors of Intel Corporation (“Intel”) approved the grant of special equity awards to Todd Underwood, Vice President of Finance and Director, Corporate Planning and Reporting and former interim Chief Financial Officer (“Interim CFO”). To compensate Mr. Underwood for his role as Interim CFO while also serving as Vice President of Finance and Director, Corporate Planning and Reporting and his role in the Chief Financial Officer transition, he was granted equity awards with a target aggregate grant date value of approximately $800,000, granted in the form of approximately 50% time-based restricted stock units (“RSUs”) and 50% performance-based restricted stock units (“PSUs”) by value.

(b), (c), (e) Appointment of Chief Financial Officer The Board of Directors (the “Board”) of Intel Corporation (“Intel”) appointed George S. Davis as Executive Vice President and Chief Financial Officer of Intel, effective as of April 3, 2019 (the “Effective Date”). In this role, he will oversee Intel’s global finance and information technology organizations. Mr. Davis, 61, served as Executive Vice President and Chief Financial Officer of QUALCOMM Incorporated, a global provider of wireless technologies, from March 2013 to April 2019, where he led the finance, information technology, and investor relations organizations. Prior to joining Qualcomm, Mr. Davis was Chief Financial Officer of Applied Materials, Inc. from November 2006 to March 2013. Mr. Davis held several other leadership positions at Applied Materials from November 1999 to November 2006.

On March 22, 2019, the Board of Directors (the “Board”) of Intel Corporation (“Intel”) unanimously waived the provision contained in Article III, Section 12 of Intel’s Bylaws that limits the tenure of the Chairman of the Board to no more than two three-year terms, in order to allow Andy D. Bryant, Intel’s current Chairman, to serve for an additional one-year term. If Mr. Bryant is re-elected to the Board by stockholders at Intel’s 2019 Annual Stockholders’ Meeting, he would be permitted to continue serving as Chairman through the conclusion of Intel’s 2020 Annual Stockholders’ Meeting. Mr. Bryant indicated to the Board on March 22, 2019 that, if re-elected, he would not expect to stand for re-election again at Intel’s 2020 Annual Stockholders’ Meeting. The Board approved the waiver of the Chairman term limit for one additional year because it believes Mr.

(e) Special Performance-Based Equity Awards for Certain Named Executive Officers On March 13, 2019, the Compensation Committee of the Board of Directors of Intel Corporation (“Intel”) approved the grant of special performance-based equity awards (“NEO Performance Awards”) to Venkata (“Murthy”) Renduchintala, Executive Vice President, Group President, Technology, Systems Architecture and Client Group, and Chief Engineering Officer, and Navin Shenoy, Executive Vice President, General Manager, Data Center Group. The NEO Performance Awards are designed to both align the incentive opportunities of our key leaders and our Chief Executive Officer, Robert H. Swan, to further promote stockholders’ long-term interests, and to retain the executives during this period of transformation. Messrs.

(c), (d), (e) Appointment of Chief Executive Officer On January 31, 2019, Intel Corporation (“Intel”) announced that its Board of Directors (the “Board”) appointed Robert (“Bob”) H. Swan as Chief Executive Officer of Intel, effective as of January 30, 2019 (the “Effective Date”). Mr. Swan was also appointed a member of the Board as of the Effective Date. Mr. Swan, 58, has served as the interim Chief Executive Officer and Executive Vice President, Chief Financial Officer of Intel since June 2018, and previously served as Executive Vice President, Chief Financial Officer since joining Intel in October 2016. In his capacity as Chief Financial Officer, he oversaw Intel’s global finance organization — including finance, accounting and reporting, tax, treasury, internal audit, and investor relations — IT, Intel Capital, and the Corporate Strategy Office. Prior to joining Intel, Mr.

(e) Equity Award for Interim Chief Executive Officer On August 2, 2018, the Compensation Committee (the “Committee”) of the Board of Directors of Intel Corporation (“Intel”) approved the grant of a special equity award to Robert (“Bob”) H. Swan, Intel’s interim Chief Executive Officer (“CEO”) and Executive Vice President and Chief Financial Officer, to reflect his role as interim CEO. The award will have a target aggregate value on the grant date of approximately $3,270,000 and will consist of approximately 50% time-based restricted stock units (“RSUs”) and 50% outperformance stock units (“OSUs”) by value. The RSUs will vest quarterly over a 3-year period from the grant date, and the OSUs will vest in February 2021 based on Intel’s performance during the OSUs’ performance period. In the event of Mr.

On June 21, 2018, Intel Corporation (“Intel”) announced that, on June 20, 2018, Brian M. Krzanich resigned as Chief Executive Officer and a member of Intel’s Board of Directors (the “Board”). On June 20, 2018, the Board appointed Robert (“Bob”) H. Swan, 58, Intel’s Executive Vice President and Chief Financial Officer, to serve as interim Chief Executive Officer, effective immediately. Mr. Swan also continues to serve as CFO of Intel. Mr. Swan has been Intel’s Executive Vice President, Chief Financial Officer since joining Intel in October 2016. In that capacity, he has overseen Intel’s global finance organization—including finance, accounting and reporting, tax, treasury, internal audit, and investor relations—IT, and the Corporate Strategy Office. From September 2015 to September 2016, Mr. Swan served as an Operating Partner at General Atlantic LLC, a private equity firm.

(d) Election of New Director On March 14, 2018, the Board of Directors (“Board”) of Intel Corporation (“Intel” or the “Company”) elected Dr. Risa J. Lavizzo-Mourey as a member of the Board, effective immediately. The Board determined that Dr. Lavizzo-Mourey qualifies as “independent” in accordance with the published listing requirements of Nasdaq. Dr. Lavizzo-Mourey will be appointed to the Corporate Governance and Nominating Committee in May 2018, provided she is re-elected to the Board by stockholders at the Company’s 2018 Annual Stockholders’ Meeting. Dr. Lavizzo-Mourey, 63, has served as the Robert Wood Johnson Foundation PIK Professor of Population Health and Health Equity at the University of Pennsylvania since January 2018. From 2003 to 2017, she was the President and Chief Executive Officer of the Robert Wood Johnson Foundation. Dr.

(b) On February 14, 2018, David S. Pottruck informed Intel Corporation (“Intel”) that he will not stand for re-election to Intel’s Board of Directors (“Board”) at Intel’s 2018 Annual Stockholders’ Meeting. Mr. Pottruck, a member of the Board since 1998, will continue to serve as a director until the expiration of his current term at the 2018 Annual Stockholders’ Meeting.

On May 3, 2017, Intel Corporation (“Intel”) reported that Diane Bryant would cease to serve as head of Intel’s Data Center Group and would take a personal leave of absence, which was expected to last approximately six to eight months. On November 29, 2017, Ms. Bryant notified Intel that she will not be returning to Intel and plans to retire from the company effective as of December 1, 2017. In connection with her departure, Intel expects to enter into an agreement with Ms. Bryant pursuant to which Ms. Bryant will agree to certain restrictions on the use of confidential information and on solicitation of Intel employees, and will grant a customary release, and Intel will make a separation payment of $4.5 million to Ms. Bryant. In addition, Ms.

On November 15, 2017, the Board of Directors (the “Board”) of Intel Corporation (“Intel”) appointed Kevin T. McBride as Intel’s principal accounting officer, effective immediately. Mr. McBride, age 47, is a vice president of finance and serves as corporate controller at Intel. He was previously Intel’s global accounting and financial services controller from 2013 to 2015 and was promoted to vice president in February 2015. Mr. McBride also served as Intel’s external reporting and treasury accounting controller from 2010 to 2015 and accounting policy controller from 2005 to 2009, and he has been a fellow at the Financial Accounting Standards Board. Mr. McBride joined Intel in 2000 as an accounting policy manager. He began his career at KPMG in 1993, last serving as an audit manager. Mr.

(b) On October 30, 2017, Ambassador Charlene Barshefsky informed Intel Corporation (“Intel”) that she will not stand for re-election to Intel’s Board of Directors (“Board”) when her current term expires at Intel’s 2018 Annual Stockholders’ Meeting. Ambassador Barshefsky, a member of the Board since 2004, will continue to serve in her independent Board role and Board committee membership until the 2018 Annual Stockholders’ Meeting.

(d) Election of New Director On September 13, 2017, the Board of Directors (the “Board”) of Intel Corporation (“Intel”) elected Andrew Wilson as a member of the Board, effective immediately. The Board has determined that Mr. Wilson qualifies as “independent” in accordance with the published listing requirements of NASDAQ. Mr. Wilson has not been appointed to any Board committees at this time. Mr. Wilson, 43, joined Electronic Arts Inc. (“EA”) in May 2000 and has served as EA’s Chief Executive Officer and director of EA since September 2013. Previously, Mr. Wilson held several leadership positions at EA, including serving as Executive Vice President, EA SPORTS from August 2011 to September 2013. Mr. Wilson also serves as Chairman of the Board of Directors of the World Surf League. Mr. Wilson will receive the standard compensation amounts payable to non-employee directors of the Board.

On August 22, 2017, Intel Corporation (the “Company”) announced that Stacy J. Smith, Group President of Manufacturing, Operations and Sales, has decided to retire at the end of January 2018. Mr. Smith notified the Company of his decision on August 19, 2017. The Company’s announcement and internal communication regarding Mr. Smith’s retirement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. On August 23, 2017, the Company announced a separate, unrelated, leadership transition for its Sales and Marketing Group (“SMG”). Michelle Johnston Holthaus, Vice President and leader of the Company’s Client and Computing Sales Group, will become the head of SMG, effective September 6, 2017. Gregory R.

(e) Amendment and Restatement of 2006 Equity Incentive Plan The Board of Directors of Intel Corporation (“Intel”) previously approved, subject to stockholder approval, an amendment and restatement of Intel’s 2006 Equity Incentive Plan (the “EIP”). As described below under

On May 3, 2017, Intel Corporation (the “Company”) announced that, effective May 31, 2017, Diane Bryant, Group President of the Company’s Data Center Group (“DCG”), will take a personal leave of absence. Ms. Bryant’s leave is expected to last approximately six to eight months. Navin Shenoy, Senior Vice President and General Manager for the Client Computing Group (“CCG”), will change roles and assume responsibility for DCG, and Ms. Bryant will be appointed to a new position when she returns from her leave. Dr. Venkata (Murthy) Renduchintala, Group President of the Client and Internet of Things Businesses and Systems Architecture, whose organization includes CCG, will serve as acting head of CCG.

(d) Election of New Directors On March 21, 2017, the Board of Directors (the “Board”) of Intel Corporation (“Intel”) elected Omar Ishrak as a member of the Board, effective immediately, and elected Gregory D. Smith as a member of the Board, effective as of March 23, 2017. The Board has determined that each of Mr. Ishrak and Mr. Smith qualifies as “independent” in accordance with the published listing requirements of NASDAQ. Neither Mr. Ishrak nor Mr. Smith has been appointed to any Board committees at this time. Mr. Ishrak, 61, is the Chairman and Chief Executive Officer of Medtronic plc, serving in that role since 2011. Prior to joining Medtronic, he spent 16 years in various roles with General Electric Company, most recently as President and Chief Executive Officer of GE Healthcare Systems, a division of GE Healthcare. Mr.

(b) On March 2, 2017, John J. Donahoe informed Intel Corporation (“Intel”) that, in connection with his appointment as President and CEO of ServiceNow, Inc., a provider of enterprise cloud computing solutions, he will not stand for re-election to Intel’s Board of Directors (“Board”) when his current term expires at Intel’s 2017 Annual Stockholders’ Meeting. Mr. Donahoe, a member of the Board since 2009 and independent Lead Director since May 2016, will continue to serve as Intel’s independent Lead Director and will maintain his Board committee memberships until the 2017 Annual Stockholders’ Meeting.