The company said the Board approved the appointments of Rick Wallace and Daniel Durn as directors effective April 25, 2024. The two plan to stand for election at the annual meeting of stockholders expected to be held on June 20, 2024.

1. 01

   The company said the Board approved the appointments of Rick Wallace and Daniel Durn as directors effective April 25, 2024. The two plan to stand for election at the annual meeting of stockholders expected to be held on June 20, 2024.

2. 02

   The company disclosed that Rick Wallace, age 64, is President and Chief Executive Officer of KLA Corporation, serving as Chief Executive Officer since January 2006 and as President since November 2008. He started at KLA Instruments as an applications engineer in 1988.

3. 03

   The company disclosed that Daniel Durn, age 57, is Chief Financial Officer of Adobe Inc. and joined Adobe in October 2021. He previously served as chief financial officer of Applied Materials from August 2017 to October 2021 and of NXP Semiconductors N.V. from December 2015 to August 2017.

4. 04

   The company said the two directors will take part in the same compensation and benefit programs as its other non-employee directors, including an annual director retainer of $100,000 and annual restricted stock units valued at $235,000. The Board determined that both are independent directors.

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Original filing

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