Craig Barratt to succeed Frank Yeary as Intel (INTC) board chair after meeting

Rhea-AI Filing Summary

Intel Corporation announced that Board Chair Frank D. Yeary will retire from the board and not stand for reelection at the 2026 Annual Meeting of Stockholders. At the conclusion of that meeting, the board size will be reduced from twelve to eleven directors.

The board has elected Dr. Craig H. Barratt as independent chair, effective following the Annual Stockholders’ Meeting on May 13, 2026. Barratt joined the board in November 2025 and brings more than three decades of semiconductor and technology leadership experience at companies including Qualcomm, Intel, Google, Atheros Communications, Barefoot Networks, Intuitive Surgical and Astera Labs.

Intel’s leadership emphasized that Yeary helped guide the company through a period of strategic transformation, including the appointment of CEO Lip-Bu Tan and progress on Intel’s technology roadmap such as Intel 18A and 14A. Since 2024, Intel has added four new independent directors as part of an intentional board refresh aligned with priorities in technology leadership, operational excellence and capital discipline.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 27, 2026

INTEL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware			000-06217			94-1672743
(State or other jurisdiction			(Commission			(IRS Employer
of incorporation)			File Number)			Identification No.)
2200 Mission College Boulevard, Santa Clara, California						95054-1549
(Address of principal executive offices)						(Zip Code)

Registrant's telephone number, including area code: (408) 765-8080

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, $0.001 par value			INTC			Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01    Other Events

On February 27, 2026, Frank Yeary, Chair of the board of directors (the "Board") of Intel Corporation (the “Company”), informed the Board that he intends to retire from the Board effective upon the conclusion of the Company's 2026 Annual Meeting of Stockholders and, as such, did not wish to stand for reelection at such meeting. The Board has determined that upon the conclusion of 2026 Annual Meeting of Stockholders, the Board size shall be reduced from twelve to eleven directors.

Item 7.01    Regulation FD Disclosure.

Intel’s press release, dated March 3, 2026 announcing the retirement of Frank Yeary from the Board and the naming of Dr. Craig H. Barratt as the new Chair of the Board, both effective as of the conclusion of the 2026 Annual Meeting of Stockholders, is attached as Exhibit 99.1 and incorporated by reference.

The information in this Item 7.01 and the press release attached as Exhibit 99.1 are furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Item 9.01     Financial Statements and Exhibits.

(d)     Exhibits.

The following exhibits are provided as part of this report:

Exhibit Number			Description
99.1			Press release issued by Intel entitled "Intel Board Chair Frank D. Yeary to Retire Following Annual Meeting; Dr. Craig H. Barratt Elected as Chair" dated March 3, 2026.
104			Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

INTEL CORPORATION (Registrant)

Date:

March 3, 2026

By:

/s/ April Miller Boise

April Miller Boise

Executive Vice President and Chief Legal Officer

Exhibit 99.1

Intel Corporation

2200 Mission College Blvd.

Santa Clara, CA 95054-1549

News Release

Intel Board Chair Frank D. Yeary to Retire Following Annual Meeting;

Dr. Craig H. Barratt Elected as Chair

SANTA CLARA, Calif., March 3, 2026 – Intel Corporation today announced that its board of directors has elected Dr. Craig H. Barratt as independent chair, effective following the company’s Annual Stockholders’ Meeting on May 13, 2026. Barratt will succeed Frank D. Yeary, who is retiring from the board and will not stand for reelection at the Annual Meeting. Yeary has served as a director since 2009 and as chair since 2023.

“On behalf of the board and the entire company, I want to thank Frank for his commitment to Intel and his strong leadership as chair during one of the most consequential periods in Intel’s history,” said Lip-Bu Tan, CEO, Intel. “Frank led the effort to bring me in as the company’s CEO, encouraged disciplined board oversight, and reinforced strong board governance. With his and the board’s support, I have been empowered to take decisive actions to strengthen our financial foundation, advance our process roadmap and position the company for long-term competitiveness. His leadership helped guide Intel through a period of transformation and onto firmer footing for the next phase.”

“Reinventing Intel is a disciplined, multi-year effort to restore execution excellence, strengthen the financial foundation and reestablish the innovation engine that has long defined this company. I’m grateful to have been part of the board’s work, particularly over the last 18 months, which has marked a critical step on that journey,” said Yeary.

“Appointing Lip-Bu Tan as CEO has been and will be critical to our success. The board worked with Lip-Bu from the outset of his tenure - aligning on priorities, refocusing and clarifying Intel’s strategy, and reinforcing an engineering-centric and customer-focused culture grounded in performance and customer commitment,” Yeary continued. “With a stronger balance sheet, meaningful progress across our roadmap – including Intel 18A and 14A – and a clear path forward under Lip-Bu, this is the appropriate time for me to step down as chair and from the board and transition leadership to a new independent chair.”

Barratt joined the board as an independent director in November 2025 and brings more than three decades of leadership experience across the semiconductor and broader technology industries from companies including Qualcomm, Intel and Google. He previously served as chief executive officer of Atheros Communications, a pioneer in wireless semiconductor technology where he led the company through a successful IPO and subsequent acquisition by Qualcomm, where he continued as President, Qualcomm Atheros. Later, he served as senior vice president of Intel’s ethernet, photonics and networking businesses, joining the company following its acquisition of Barefoot Networks, where he was

chief executive officer. Barratt currently serves on the boards of Intuitive Surgical, Inc. and Astera Labs, Inc.

“Craig brings deep semiconductor expertise and a strong record of technology and operational leadership in complex, engineering-driven businesses,” Tan added. “As we enter our next phase – focused on disciplined execution, product leadership and foundry progress – his experience will be instrumental in supporting management and driving sustainable long-term value for stockholders.”

“The company has taken significant steps to strengthen its financial position, advance its technology and product roadmap, and enhance operational discipline,” said Barratt. “The board thanks Frank for his leadership and for helping position Intel for this next phase. I’m honored to lead the board’s continued focus on supporting rigorous execution, investing in and scaling U.S.-anchored R&D and manufacturing, and ensuring Intel is well positioned to compete and win in the years ahead.”

Since 2024, Intel has appointed four new independent directors, further aligning the board’s composition with the company’s strategic priorities in technology leadership, operational excellence and capital discipline. The board has been intentional in its refreshment efforts, adding directors with skills and backgrounds to map to the future opportunities and challenges the company faces, as well as the experience and perspectives to support Intel’s evolving strategy and long-term stockholder interests.

About Intel

Intel (Nasdaq: INTC) designs and manufactures advanced semiconductors that connect and power the modern world. Every day, our engineers create new technologies that enhance and shape the future of computing to enable new possibilities for every customer we serve. Learn more at intel.com.

© Intel Corporation. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.

FAQ

What board leadership change did Intel (INTC) announce in this 8-K filing?

Intel announced that Board Chair Frank D. Yeary will retire from the board after the 2026 Annual Meeting, and Dr. Craig H. Barratt has been elected as the new independent chair, effective following the stockholders’ meeting on May 13, 2026.

When will Frank D. Yeary retire from Intel’s board of directors?

Frank D. Yeary will retire from Intel’s board effective at the conclusion of the company’s 2026 Annual Meeting of Stockholders. He will not stand for reelection at that meeting, ending service that began in 2009 and included serving as board chair since 2023.

Who is Dr. Craig H. Barratt, Intel’s incoming independent board chair?

Dr. Craig H. Barratt is an independent director who joined Intel’s board in November 2025. He has over three decades of leadership across semiconductor and technology companies, including roles at Atheros Communications, Qualcomm, Intel, Google, Barefoot Networks, Intuitive Surgical and Astera Labs.

How will Intel’s board size change after the 2026 Annual Meeting?

Intel’s board of directors will be reduced from twelve to eleven members following the 2026 Annual Meeting of Stockholders. The reduction reflects Frank D. Yeary’s planned retirement from the board and the decision not to fill his seat with an additional director at that time.

What strategic themes did Intel highlight alongside this board transition?

Intel highlighted efforts to strengthen its financial foundation, advance its technology roadmap including Intel 18A and 14A, and reinforce an engineering-centric, customer-focused culture. The company also emphasized disciplined execution, product leadership, foundry progress and alignment of board composition with long-term stockholder interests.

How has Intel refreshed its board of directors since 2024?

Since 2024, Intel has appointed four new independent directors to its board. The company stated this refresh is intentional, aiming to match director skills and backgrounds with strategic priorities in technology leadership, operational excellence, capital discipline and support for Intel’s evolving strategy and long-term stockholder interests.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 9.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB