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Washington, D.C. 20549





Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)

January 6, 2022



Micron Technology, Inc.

(Exact name of registrant as specified in its charter)


Delaware   1-10658   75-1618004
(State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)


8000 South Federal Way

Boise, Idaho 83716-9632

(Address of principal executive offices and Zip Code)


(208) 368-4000

(Registrant’s telephone number, including area code)


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:


¨ 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-4(c))


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


Title of each class   Trading symbol   Name of each exchange on which registered
Common Stock, par value $0.10 per share   MU   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 5.02.         Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 




Resignation of David A. Zinsner


On January 6, 2022, David A. Zinsner announced his decision to resign as the Executive Vice President and Chief Financial Officer of Micron Technology, Inc. (the "Company"), effective January 10, 2022.




Appointment of Sumit Sadana


The Board of Directors of the Company appointed Sumit Sadana (52), the Company’s current Executive Vice President and Chief Business Officer, to serve also as interim Chief Financial Officer, effective as of January 10, 2022. Mr. Sadana joined us in June 2017 as our Executive Vice President and Chief Business Officer. From April 2010 to May 2016, Mr. Sadana served in various roles at SanDisk Corporation, including Executive Vice President, Chief Strategy Officer, and General Manager, Enterprise Solutions until it was acquired by Western Digital in May 2016. Mr. Sadana currently serves on the Board of Directors of Silicon Laboratories Inc. as lead independent director.


Mr. Sadana has no family relationship with any directors or executive officers of the Company, nor are there any arrangements or understandings between Mr. Sadana and any other persons pursuant to which he was selected as an officer of the Company.


Item 7.01.Regulation FD Disclosure.


The press release related to Mr. Zinsner’s resignation and Mr. Sadana’s appointment is included as Exhibit 99.1 to this Current Report on Form 8-K. 





Item 9.01.Financial Statements and Exhibits.


(d) Exhibits.


99.1   Press release issued on January 10, 2022
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)







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.


Date: January 10, 2022 MICRON TECHNOLOGY, INC.
  By: /s/ Rob Beard
  Name: Rob Beard
  Title: Senior Vice President, General Counsel and Corporate Secretary






Exhibit 99.1


Micron Announces CFO Transition


Executive Vice President and Chief Business Officer Sumit Sadana appointed to additional role of Interim CFO


BOISE, Idaho, Jan. 10, 2022 – Micron Technology, Inc., (Nasdaq: MU) today announced that David Zinsner, executive vice president and chief financial officer, has resigned from the company. Zinsner started at Micron in February 2018 and is departing to join Intel Corporation as its CFO.


A formal search for a new CFO has actively commenced. Micron has appointed Executive Vice President and Chief Business Officer Sumit Sadana to the additional role of interim CFO with immediate effect through the transition period.


“Micron’s strong financial position is the result of the transformation we have driven, and we enter calendar year 2022 with confidence for continued growth,” said Micron President and CEO, Sanjay Mehrotra. “We appreciate the contributions Dave has made to the company and the solid capabilities of his finance leadership team who have helped support Micron through our evolution.”


Micron’s financial guidance for the second quarter of fiscal 2022 remains unchanged.


About Micron Technology, Inc.

We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.


© 2022 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.


Micron Media Relations Contact
Erica Rodriguez Pompen
Micron Technology, Inc.
+1 (408) 834-1873


Micron Investor Relations Contact
Farhan Ahmad
Micron Technology, Inc.
+1 (408) 834-1927