GlobalFoundries Inc. Report: New Board Appointment & Governance Updates (April 2025)

Here are the key insights extracted from the financial report (Form 6-K) for GlobalFoundries Inc. dated April 29, 2025:

1. Company Information:

• Name: GlobalFoundries Inc.
• Address: 400 Stonebreak Road Extension, Malta, NY 12020.
• SEC Commission File Number: 001-40974.

2. Board of Directors Update:

• New Appointment: Marc Antaki was elected as a new member of the Board of Directors and will serve on the People and Compensation Committee.
• Position: He is currently the Deputy Chief Strategy and Risk Officer at Mubadala Investment Company, which is the majority shareholder of GlobalFoundries.
• Director Class: Antaki will serve as a Class III director with an initial term that expires at the Company’s 2027 annual general meeting of shareholders.

3. Replacement of Board Member:

• Antaki was elected to replace Ahmed Yahia, who resigned effective April 28, 2025. This resignation was previously announced on February 5, 2025, and was not due to disagreements regarding company operations, policies, or practices.

4. Compensation:

• Marc Antaki's compensation as a director will be consistent with that of other non-employee directors.

5. Regulatory Filing:

• This report was filed under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, indicating compliance with the SEC's requirements for foreign private issuers.

6. Signatory:

• The report is signed by John Hollister, Chief Financial Officer of GlobalFoundries Inc.

This report primarily focuses on the governance changes within the company, particularly the appointment of a new director and the context surrounding the resignation of the previous director.