KLA Corp Files DEF 14A for FY24

Ticker: KLAC · Form: DEF 14A · Filed: 2024-09-24T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, corporate-governance

Related Tickers: KLAC

TL;DR

KLA Corp DEF 14A filed. Executive comp & governance details out for FY24.

AI Summary

KLA Corp filed a DEF 14A with the SEC on September 24, 2024, for the fiscal year ending June 30, 2024. The filing details executive compensation and other corporate governance matters. It references financial data for fiscal years 2021 through 2024, including revenue, net cash provided by operating activities, and free cash flow.

Why It Matters

This filing provides crucial information for shareholders regarding executive compensation and corporate governance, impacting investor confidence and decision-making.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing detailing executive compensation and corporate governance, not indicating any immediate financial distress or significant new risks.

Key Numbers

Key Players & Entities

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on September 24, 2024.

What is KLA Corp's fiscal year end?

KLA Corp's fiscal year ends on June 30th.

What financial metrics are referenced in the filing for the fiscal years 2021-2024?

The filing references metrics such as Revenue, NetCashProvidedByOperatingActivities, FreeCashFlow, and equity awards.

What was KLA Corp's former company name?

KLA Corp was formerly known as KLA Tencor Corp and KLA Instruments Corp.

Filing Stats: 4,372 words · 17 min read · ~15 pages · Grade level 18.2 · Accepted 2024-09-24 16:11:06

Key Financial Figures

Filing Documents

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 38 Principal Stockholders 39 Directors and Management 40

Executive Compensation and Other Matters

Executive Compensation and Other Matters 40 Compensation Discussion and Analysis 40 Executive Summary 40 Fiscal Year 2024 Highlights |2024 Proxy Statement Table of Contents iii 41 Multi-Year Growth 43 KLA's Executive Compensation Program at a Glance 43 Compensation and Talent Committee Decision Making – Approval Procedures Overview and Market Data 46 Key Pay Practices in Our Executive Compensation Program and Last Year's "Say on Pay" Vote 47 Elements of Compensation 48 CEO Compensation at a Glance 48 Base Salary 48 Short-Term Executive Incentive Bonus Plan 52 Long-Term Incentives 54 Employee Benefits and Perquisites 57 Compensation and Talent Committee Report 58

Executive Compensation Tables

Executive Compensation Tables 58 Summary Compensation Table 60 Grants of Plan-Based Awards 62 Outstanding Equity Awards at Fiscal Year End 64 Option Exercises and Stock Vested 64 Nonqualified Deferred Compensation 66 Potential Payments Upon Termination or Change in Control 71 Pay Ratio Disclosure 74 Certain Relationships and Related Transactions 75 Equity Compensation Plan Information 76 Report of the Audit Committee 77 Questions and Answers 83 Information for KLA Annual Meeting of Stockholders on November 6, 2024, 12:00 p.m. PST Helpful Resources Annual Meeting Proxy Statement & Annual Report Board of Directors Investor Relations Environmental Social Governance (ESG) Governance Documents Corporate governance documents and policies, including: Corporate Governance Standards Committee Charters Standards of Business Conduct |2024 Proxy Statement Table of Contents 1 Proxy Summary This summary does not contain all of the information you should consider when casting your vote. You should read the complete Proxy Statement before voting. ANNUAL MEETING OF STOCKHOLDERS Time and Date 12:00 p.m. PST November 6, 2024 Place One Technology Drive, Milpitas, California 95035 Record Date Close of business on September 12, 2024 STOCKHOLDER VOTING MATTERS Proposal Board's Voting Recommendation Page Reference Election of 9 Directors Named in this Proxy Statement FOR Each Nominee 4 Ratification of Appointment of our Independent Registered Public Accounting Firm FOR 31 Advisory Vote to Approve Named Executive Officer Compensation FOR 33 |2024 Proxy Statement Table of Contents 2 | Proxy Summary OUR DIRECTORS Directors and Principal Occupation Director Since Current Other Public Company Boards Committees* Independent Age AC CTC NGC Robert Calderoni Former Chairman and Interim President and Chief Executive Officer of Citrix Systems, Inc. Yes

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