Form 4: NVIDIA Director Mark L. Perry Retires from Board, No Longer Subject to Section 16

Mark L. Perry retired from NVIDIA's Board of Directors on June 26, 2024, and is no longer subject to Section 16 reporting requirements.

Summary

• Mark L. Perry, a director at NVIDIA Corporation, retired from the Board of Directors on June 26, 2024, at the expiration of his term.
• As a result of his retirement, Mr. Perry is no longer subject to Section 16 of the Securities Exchange Act of 1934, which requires reporting of changes in beneficial ownership of securities.
• This filing is a formal notification of his departure and the cessation of his reporting obligations.

Sentiment

Score: 7

Explanation: The document is neutral in sentiment, as it reports a routine director retirement. There are no positive or negative implications for the company's performance or outlook.

Management Comments

• The Reporting Person retired from the Board of Directors on June 26, 2024 at the expiration of his term, and is no longer subject to Section 16.

Industry Context

This is a routine corporate governance event, reflecting the end of a director's term. Such transitions are common in publicly traded companies and do not typically indicate any significant change in the company's operations or strategy.

Comparison to Industry Standards

• Director retirements are a normal part of corporate governance across all industries.
• The process of filing a Form 4 to indicate a director's departure and the cessation of their Section 16 reporting obligations is standard practice.
• Companies like AMD, Intel, and Qualcomm also experience similar director transitions and filings.

Management Changes

Stakeholder Impact

• The retirement of a director is unlikely to have a significant impact on shareholders, employees, customers, or suppliers.

Key Dates

Keywords

NVIDIA, Director Retirement, Board of Directors, Section 16, SEC Form 4, Corporate Governance, Executive Transition