Intel’s latest shareholder meeting marked a pivotal moment in the company’s leadership transition and strategic reset. Investors approved a new equity incentive plan designed to bolster hiring and retain top-tier talent, while also signing off on a multi-million dollar compensation package for recently appointed CEO Lip-Bu Tan.
Despite the announcements, Intel stock dipped by 1.6% during early afternoon trading. The company’s share price has been under pressure, having dropped 36% over the past 12 months.
Tan officially took over as CEO in March after the board parted ways with Pat Gelsinger in late 2024. Shareholders voted to approve the board of directors as a whole, although three members did not seek reelection. The meeting also saw the rejection of three shareholder proposals—covering Intel’s operational stance in Israel, disclosures around charitable donations, and granting shareholders the right to act via written consent.
Under the approved compensation plan, Tan could receive up to $42 million in stock awards, contingent on Intel’s stock performance over time. His compensation underscores the board’s confidence in his ability to steer the company through its ongoing transformation.
Since stepping into his role, Tan has begun flattening Intel’s management structure and narrowing its strategic focus, particularly within artificial intelligence. His vision centers on maximizing Intel’s existing strength in the personal computing and data center markets, while enhancing the company’s competitive edge in the AI sector.
Tan has expressed a commitment to streamlining Intel’s mid-level management and reinvigorating innovation to reposition the chipmaker for long-term success.
