AI English summary of an SEC filing — figures as filed

The company said its board elected James R. Anderson to the board and to the Strategy and Investment Committee on July 18, 2025, effective immediately.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Jul 22, 2025Period of report Jul 18, 2025Summary published (UTC) Oct 13, 2026

Key points

AI summary

The company said its board elected James R. Anderson to the board and to the Strategy and Investment Committee on July 18, 2025, effective immediately.
The company said Anderson will receive an annual retainer of $100,000 and an additional annual retainer of $10,000 for committee service, both prorated for his service during the fiscal year. He will also receive restricted stock units valued at $240,000, divided by the market value of Applied common stock on his appointment date.
The company said the restricted stock units will fully vest on March 1, 2026, subject to Anderson's continued service as a director through that date. Anderson will also enter into the company's standard directors' indemnification agreement.
In a press release dated July 22, 2025, the company said Anderson has been Chief Executive Officer of Coherent Corp. since June 2024, and was President and Chief Executive Officer of Lattice Semiconductor Corporation from 2018.

Summary

AI-written

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

Board Election and Committee Assignment

The company said its board elected James R. Anderson to the board and to the Strategy and Investment Committee on July 18, 2025, effective immediately.

Source · Based on the filing body and exhibits

Standard Non-Employee Director Compensation

The company said Anderson will receive an annual retainer of $100,000 and an additional annual retainer of $10,000 for committee service, both prorated for his service during the fiscal year. He will also receive restricted stock units valued at $240,000, divided by the market value of Applied common stock on his appointment date.

Source · Based on the filing body and exhibits

RSU Vesting Schedule and Indemnification Agreement

The company said the restricted stock units will fully vest on March 1, 2026, subject to Anderson's continued service as a director through that date. Anderson will also enter into the company's standard directors' indemnification agreement.

Source · Based on the filing body and exhibits

Anderson's Background and Press Release

In a press release dated July 22, 2025, the company said Anderson has been Chief Executive Officer of Coherent Corp. since June 2024, and was President and Chief Executive Officer of Lattice Semiconductor Corporation from 2018.

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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