AMD 1995 Annual Report Download - page 35

meeting on February 16, 1995, the Board of Directors authorized and directed the
redemption of the preferred stock purchase rights. They were redeemed on May 3,
1995.
On February 10, 1995, the Corporation called all outstanding shares of its
preferred stock for redemption on March 13, 1995, at a redemption price of
$509.00 per share, plus $7.30 of accrued and unpaid dividends. Prior to the
redemption date, 343,427 shares of preferred stock were surrendered for
conversion which resulted in the issuance of 6,824,694 shares of the
Corporation's common stock. Pursuant to previous arrangements, on March 14,
1995, the Corporation sold 28,518 shares of its common stock to certain
institutions and used the proceeds to fund the redemption of 1,435 shares of
preferred stock which were not converted.
ITEM 6. SELECTED FINANCIAL DATA
The information regarding selected financial data for the fiscal years 1991
through 1995 under the caption "Financial Summary" on page 31 of the
Corporation's 1995 Annual Report to Stockholders is incorporated herein by
reference.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
FINANCIAL CONDITION
The information appearing under the caption ''Management's Discussion and
Analysis of Results of Operations and Financial Condition'' on pages 8 through
12 of the Corporation's 1995 Annual Report to Stockholders is incorporated
herein by reference.
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Source: ADVANCED MICRO DEVIC, 10-K405, March 21, 1996