AI English summary of an SEC filing — figures as filed
Lam Research said on February 3, 2026 its board appointed Anirudh Devgan, Ph.D., age 56, as a director effective immediately, and the board size increased by 1.
Key points
AI summaryLam Research said on February 3, 2026 its board appointed Anirudh Devgan, Ph.D., age 56, as a director effective immediately, and the board size increased by 1.
The company said Dr. Devgan joined the Innovation and Technology Committee on the same day and will receive compensation for his service as a director consistent with the company's current policies for compensation of non-employee directors, and will enter into its standard form of indemnification agreement.
Lam Research said Patrick J. Lord, Ph.D. is retiring from his position as chief operating officer effective March 6, 2026, and notified the company of his decision to retire on January 30, 2026.
The company said Seshasayee (Sesha) Varadarajan, age 51, was appointed as executive vice president and chief operating officer effective March 6, 2026, and has been senior vice president of the Global Products Group since March 2023.
Summary
AI-writtenAnalysis 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.
Anirudh Devgan Appointed to Board of Directors
Lam Research said on February 3, 2026 its board appointed Anirudh Devgan, Ph.D., age 56, as a director effective immediately, and the board size increased by 1.
Source · Based on the filing body and exhibits
Devgan Joins Committee and Director Compensation
The company said Dr. Devgan joined the Innovation and Technology Committee on the same day and will receive compensation for his service as a director consistent with the company's current policies for compensation of non-employee directors, and will enter into its standard form of indemnification agreement.
Source · Based on the filing body and exhibits
Patrick J. Lord Retires as Chief Operating Officer
Lam Research said Patrick J. Lord, Ph.D. is retiring from his position as chief operating officer effective March 6, 2026, and notified the company of his decision to retire on January 30, 2026.
Source · Based on the filing body and exhibits
Varadarajan Appointed Chief Operating Officer
The company said Seshasayee (Sesha) Varadarajan, age 51, was appointed as executive vice president and chief operating officer effective March 6, 2026, and has been senior vice president of the Global Products Group since March 2023.
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.
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