Lam Research Elects New Directors, Appoints New Board Chair
Ticker: LRCX · Form: 8-K · Filed: 2024-09-18T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, governance, executive-appointments
Related Tickers: LRCX
TL;DR
LRCX board shakeup: McGeary and Young join, McGeary takes over as Chair from Archer.
AI Summary
Lam Research Corporation (LRCX) announced on September 13, 2024, changes in its executive and director roles. The company elected two new directors, Michael J. McGeary and David E. Young, to its Board of Directors, effective September 13, 2024. Additionally, the company appointed Michael J. McGeary as the Chair of the Board, succeeding Timothy J. Archer. These changes are effective immediately.
Why It Matters
Changes in board leadership and composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future company performance.
Risk Assessment
Risk Level: low — This filing reports routine board and officer changes, which are common corporate governance events and do not inherently present new risks.
Key Players & Entities
- Lam Research Corporation (company) — Registrant
- Michael J. McGeary (person) — Newly elected director and Chair of the Board
- David E. Young (person) — Newly elected director
- Timothy J. Archer (person) — Outgoing Chair of the Board
- September 13, 2024 (date) — Effective date of director elections and board chair appointment
FAQ
Who were the new directors elected to Lam Research's Board?
Michael J. McGeary and David E. Young were elected as new directors.
Who is the new Chair of the Board at Lam Research?
Michael J. McGeary has been appointed as the new Chair of the Board.
Who did Michael J. McGeary succeed as Chair of the Board?
Michael J. McGeary succeeded Timothy J. Archer as Chair of the Board.
When were these board changes effective?
The changes were effective as of September 13, 2024.
What is Lam Research Corporation's principal executive office address?
Lam Research Corporation's principal executive offices are located at 4650 Cushing Parkway, Fremont, California 94538.
Filing Stats: 524 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-09-18 16:04:36
Key Financial Figures
- $0.001 — ich registered Common Stock, Par Value $0.001 Per Share LRCX The Nasdaq Stock Market
Filing Documents
- lrcx-20240913.htm (8-K) — 29KB
- 0000707549-24-000115.txt ( ) — 149KB
- lrcx-20240913.xsd (EX-101.SCH) — 2KB
- lrcx-20240913_lab.xml (EX-101.LAB) — 21KB
- lrcx-20240913_pre.xml (EX-101.PRE) — 12KB
- lrcx-20240913_htm.xml (XML) — 3KB
SIGNATURES
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. Date: September 18, 2024 LAM RESEARCH CORPORATION (Registrant) /s/ Ava A. Harter Ava A. Harter Senior Vice President, Chief Legal Officer