KLA Corp Announces Director Changes and Executive Compensation Updates
Ticker: KLAC · Form: 8-K · Filed: 2024-11-15T00:00:00.000Z
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
Related Tickers: KLAC
TL;DR
KLA Corp board shakeup and pay plan changes filed 11/15.
AI Summary
KLA Corporation announced on November 15, 2024, changes related to its board of directors and executive compensation. Specifically, the filing details the departure of a director, the election of a new director, and updates to the compensatory arrangements for certain officers. The company, formerly known as KLA Tencor Corp and KLA Instruments Corp, is headquartered in Milpitas, California.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance and executive compensation updates, which typically carry low immediate risk.
Key Numbers
- 000-09992 — SEC File Number (Identifies KLA Corporation's filing with the SEC.)
- 04-2564110 — IRS Employer Identification No. (KLA Corporation's tax identification number.)
Key Players & Entities
- KLA Corporation (company) — Registrant
- KLA Tencor Corp (company) — Former Company Name
- KLA Instruments Corp (company) — Former Company Name
- Milpitas, California (location) — Headquarters
- November 15, 2024 (date) — Report Date
FAQ
Who is the departing director and why did they depart?
The filing indicates a departure of a director but does not specify the name or reason for departure in the provided text.
Who is the newly elected director?
The filing mentions the election of a director but does not provide the name of the individual in the provided text.
What specific changes were made to the compensatory arrangements of certain officers?
The filing states that there are updates to compensatory arrangements but does not detail the specific changes in the provided text.
When was KLA Corporation incorporated?
KLA Corporation was incorporated in Delaware, as indicated by the filing.
What is KLA Corporation's Standard Industrial Classification code?
KLA Corporation's Standard Industrial Classification code is 3827, for Optical Instruments & Lenses.
Filing Stats: 798 words · 3 min read · ~3 pages · Grade level 14.1 · Accepted 2024-11-15 16:15:33
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value per share KLAC The Nasdaq
- $125,000 — l 7, 2025, an annualized base salary of $125,000; (ii) continued vesting of Company equi
- $7,000,000 — -sum cash payment in an amount equal to $7,000,000 (if the termination occurs prior to Aug
- $3,500,000 — tion occurs prior to August 5, 2025) or $3,500,000 (if the termination occurs on or after
Filing Documents
- d845718d8k.htm (8-K) — 27KB
- 0001193125-24-259842.txt ( ) — 176KB
- klac-20241115.xsd (EX-101.SCH) — 4KB
- klac-20241115_def.xml (EX-101.DEF) — 13KB
- klac-20241115_lab.xml (EX-101.LAB) — 21KB
- klac-20241115_pre.xml (EX-101.PRE) — 14KB
- d845718d8k_htm.xml (XML) — 5KB
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. KLA CORPORATION Date: November 15, 2024 By: /s/ Mary Beth Wilkinson Name: Mary Beth Wilkinson Title: Executive Vice President, Chief Legal Officer and Corporate Secretary