AI English summary of an SEC filing — figures as filed
Lam Research LRCXThe company said it filed an amendment to its certificate of incorporation with the Delaware Secretary of State on October 2, 2024 to effect a ten-for-one forward split of its common stock, with 1 shares becoming 10 shares, and the par value of $0.001 was not changed.
Key points
AI summaryThe company said it filed an amendment to its certificate of incorporation with the Delaware Secretary of State on October 2, 2024 to effect a ten-for-one forward split of its common stock, with 1 shares becoming 10 shares, and the par value of $0.001 was not changed.
The company said the number of authorized common shares rose in proportion to the split, from 400,000,000 to 4,000,000,000. It explained that stockholder approval was not required under Section 242(d) of the Delaware General Corporation Law.
The company said the stock split took effect at 5 p.m. Eastern Time on October 2, 2024, and that trading on the Nasdaq Global Select Market on a split-adjusted basis under the existing "LRCX" symbol is expected to begin at the market open on October 3. The new CUSIP number is 512807306.
The company said each outstanding share of common stock was automatically divided into 10 shares, with 1 shares previously outstanding, and that the rights or preferences of the common stock were not modified. It also said the number of underlying shares, exercise prices and conversion prices for outstanding equity awards, equity incentive plans and other agreements were proportionately adjusted.
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.
Lam Research Executes 10-for-1 Stock Split
The company said it filed an amendment to its certificate of incorporation with the Delaware Secretary of State on October 2, 2024 to effect a ten-for-one forward split of its common stock, with 1 shares becoming 10 shares, and the par value of $0.001 was not changed.
Source · Based on the filing body and exhibits
Authorized Shares Increased to 4,000,000,000
The company said the number of authorized common shares rose in proportion to the split, from 400,000,000 to 4,000,000,000. It explained that stockholder approval was not required under Section 242(d) of the Delaware General Corporation Law.
Source · Based on the filing body and exhibits
Effective Time and Split-Adjusted Trading Start
The company said the stock split took effect at 5 p.m. Eastern Time on October 2, 2024, and that trading on the Nasdaq Global Select Market on a split-adjusted basis under the existing "LRCX" symbol is expected to begin at the market open on October 3. The new CUSIP number is 512807306.
Source · Based on the filing body and exhibits
Common Stock Rights Unchanged and Equity Awards Adjusted
The company said each outstanding share of common stock was automatically divided into 10 shares, with 1 shares previously outstanding, and that the rights or preferences of the common stock were not modified. It also said the number of underlying shares, exercise prices and conversion prices for outstanding equity awards, equity incentive plans and other agreements were proportionately adjusted.
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…