AI English summary of an SEC filing — figures as filed

Applied Materials said it appointed Adam Sanders as Appointed Vice President, Corporate Controller and Chief Accounting Officer on February 27, 2024, effective March 4, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Feb 29, 2024Period of report Feb 27, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

Applied Materials said it appointed Adam Sanders as Appointed Vice President, Corporate Controller and Chief Accounting Officer on February 27, 2024, effective March 4, 2024.
The company said Sanders will serve as principal accounting officer from March 4, 2024, succeeding Charles Read, who has served as interim principal accounting officer since December 2023.
Sanders, 52, has served as Semiconductor Segment Group CFO since June 2023, the company said. He previously served as Global Accounting Controller from 2016 to June 2023 and held various Finance roles after joining Applied in 1999.
The company said Sanders will receive an annual base salary of $340,000 and is eligible for a fiscal 2024 target bonus of 50% of his base salary. He will also be granted restricted stock units valued at $400,000 as of the grant date. 25% of the award is scheduled to vest on April 1, 2025.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Adam Sanders Named Chief Accounting Officer

Applied Materials said it appointed Adam Sanders as Appointed Vice President, Corporate Controller and Chief Accounting Officer on February 27, 2024, effective March 4, 2024.

Source · Based on the filing body and exhibits

Successor to Charles Read and Principal Accounting Officer Role

The company said Sanders will serve as principal accounting officer from March 4, 2024, succeeding Charles Read, who has served as interim principal accounting officer since December 2023.

Source · Based on the filing body and exhibits

Sanders, 52, and His Applied Career

Sanders, 52, has served as Semiconductor Segment Group CFO since June 2023, the company said. He previously served as Global Accounting Controller from 2016 to June 2023 and held various Finance roles after joining Applied in 1999.

Source · Based on the filing body and exhibits

Sanders’ Compensation Terms

The company said Sanders will receive an annual base salary of $340,000 and is eligible for a fiscal 2024 target bonus of 50% of his base salary. He will also be granted restricted stock units valued at $400,000 as of the grant date. 25% of the award is scheduled to vest on April 1, 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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