UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 24, 2023, the Board of Directors (the “Board”) of KLA Corporation (the “Company”) elected Michael McMullen to the Board, effective immediately. Mr. McMullen has served as the President, since 2014, and Chief Executive Officer, since 2015, of Agilent Technologies, Inc. (“Agilent”), a global leader in life sciences, diagnostics and applied chemical markets, providing application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow. In his thirty-year career at Agilent, Mr. McMullen held various leadership positions. The Board also appointed Mr. McMullen to the Compensation and Talent Committee of the Board, effective immediately.
Mr. McMullen will receive a prorated grant of restricted stock units pursuant to the Company’s 2004 Equity Incentive Plan for his service on the Board through the next annual meeting of stockholders and will be entitled to receive a prorated portion of the annual cash retainer paid by the Company to independent members of the Board and members of the Compensation and Talent Committee for their service pursuant to the Company’s current outside director compensation program.
| Item 7.01 | Regulation FD Disclosure. |
On July 24, 2023, the Company issued a press release announcing the election of Mr. McMullen to the Board and his appointment to the Compensation and Talent Committee. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information contained in Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
The following exhibits are filed herewith.
| Exhibit No. | Description | |
| 99.1 | Press release issued July 24, 2023 | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in 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.
| KLA CORPORATION | ||||||
| Date: July 24, 2023 | By: | /s/ Mary Beth Wilkinson | ||||
| Name: | Mary Beth Wilkinson | |||||
| Title: | Executive Vice President and Chief Legal Officer | |||||
EXHIBIT 99.1
| Investor Relations: | Media Relations: | |
| Kevin Kessel, CFA | Randi Polanich | |
| Vice President, Investor Relations | Vice President and Chief Communications Officer | |
| (408) 875-6627 | (408) 875-6633 | |
| kevin.kessel@kla.com | randi.polanich@kla.com | |
KLA NAMES MICHAEL R. MCMULLEN TO BOARD OF DIRECTORS
MILPITAS, Calif., July 24, 2023 — KLA Corporation (NASDAQ: KLAC) announced the appointment of Michael R. McMullen to its board of directors and Compensation and Talent Committee.
McMullen was named President of Agilent Technologies in 2014 and Chief Executive Officer in 2015 and has been with the company and its predecessor, Hewlett-Packard, for more than 30 years.
“We are excited to welcome Mike McMullen to the KLA board,” commented Robert M. Calderoni, chair of the board of KLA. “Mike’s extensive experience in driving growth at a global scale in complex multinational equipment businesses makes him an ideal fit for KLA’s board as we execute our long-term growth strategies.”
Logo: https://mma.prnewswire.com/media/806571/KLA_Corporation_Logo.jpg
About KLA:
KLA Corporation (“KLA”) develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward. Investors and others should note that KLA announces material financial information including SEC filings, press releases, public earnings calls and conference webcasts using an investor relations website (ir.kla.com). Additional information may be found at: www.kla.com (KLAC-F).
Document and Entity Information |
Jul. 24, 2023 |
|---|---|
| Cover [Abstract] | |
| Entity Registrant Name | KLA CORP |
| Amendment Flag | false |
| Entity Central Index Key | 0000319201 |
| Document Type | 8-K |
| Document Period End Date | Jul. 24, 2023 |
| Entity Incorporation State Country Code | DE |
| Entity File Number | 000-09992 |
| Entity Tax Identification Number | 04-2564110 |
| Entity Address, Address Line One | One Technology Drive |
| Entity Address, City or Town | Milpitas |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 95035 |
| City Area Code | (408) |
| Local Phone Number | 875-3000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, $0.001 par value per share |
| Trading Symbol | KLAC |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |