AI English summary of an SEC filing — figures as filed
The company said the ten-for-one forward split it announced on May 21, 2024 is expected to become effective at 5 p.m. Eastern Time on October 2, 2024 through an amendment to its Restated Certificate of Incorporation.
Key points
AI summaryThe company said the ten-for-one forward split it announced on May 21, 2024 is expected to become effective at 5 p.m. Eastern Time on October 2, 2024 through an amendment to its Restated Certificate of Incorporation.
Lam Research said trading in its common stock on the Nasdaq Global Select Market is expected to begin on a split-adjusted basis at the market open on October 3, 2024, under the existing “LRCX” ticker. It said the new CUSIP number for the common stock after the split will be 512807306.
The company said Computershare Trust Company, N.A. will act as exchange agent for the split. Registered holders of certificated shares will be asked to deliver a letter of transmittal and surrender their certificates to receive post-split shares in electronic, book-entry form.
Registered holders who hold shares electronically in book-entry form will not need to take any action, the company said. Shares held through a broker, bank, custodian or other nominee will be automatically adjusted under that institution’s procedures, it added.
Summary
AI-writtenAnalysis 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.
10-for-1 Forward Split Effective Time
The company said the ten-for-one forward split it announced on May 21, 2024 is expected to become effective at 5 p.m. Eastern Time on October 2, 2024 through an amendment to its Restated Certificate of Incorporation.
Source · Based on the filing body and exhibits
Post-Split Trading Start and New CUSIP
Lam Research said trading in its common stock on the Nasdaq Global Select Market is expected to begin on a split-adjusted basis at the market open on October 3, 2024, under the existing “LRCX” ticker. It said the new CUSIP number for the common stock after the split will be 512807306.
Source · Based on the filing body and exhibits
Procedures for Holders of Certificated Shares
The company said Computershare Trust Company, N.A. will act as exchange agent for the split. Registered holders of certificated shares will be asked to deliver a letter of transmittal and surrender their certificates to receive post-split shares in electronic, book-entry form.
Source · Based on the filing body and exhibits
Procedures for Book-Entry and Broker-Held Shares
Registered holders who hold shares electronically in book-entry form will not need to take any action, the company said. Shares held through a broker, bank, custodian or other nominee will be automatically adjusted under that institution’s procedures, it added.
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.
Loading the filing text…