# EDGAR Filing Document

**Accession Number:** 0000707549
**File Stem:** 0000707549-23-000036
**Filing Date:** 2023-2
**Character Count:** 16042
**Document Hash:** fb3ec334afa7ff8801bc4ad8a9851382
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000707549-23-000036.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0000707549-23-000036

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230221

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LAM RESEARCH CORP
- **CENTRAL INDEX KEY:** 0000707549
- **STANDARD INDUSTRIAL CLASSIFICATION:** SPECIAL INDUSTRY MACHINERY, NEC [3559]
- **IRS NUMBER:** 942634797
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0625

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-12933
- **FILM NUMBER:** 23648451

**BUSINESS ADDRESS:**
- **STREET 1:** 4650 CUSHING BLVD
- **CITY:** FREMONT
- **STATE:** CA
- **ZIP:** 94538
- **BUSINESS PHONE:** 5106590200

**MAIL ADDRESS:**
- **STREET 1:** 4650 CUSHING PARKWAY
- **CITY:** FREMONT
- **STATE:** CA
- **ZIP:** 94538

?xml version="1.0" ? lrcx-20230221

<u>[**Table of Contents**](#i0a0701f025f64959bdadb13d22efbf08_7)</u>

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549**

**FORM 8-K** 

**Current Report**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): February 21, 2023** 

**LAM RESEARCH CORPORATION** 

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **0-12933** | **94-2634797** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification Number)** |

---

**4650 Cushing Parkway** 

**Fremont, California 94538** 

**(Address of principal executive offices including zip code)**

**(510) 572-0200** 

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol | Name of each exchange on which registered |
| Common Stock, Par Value $0.001 Per Share | LRCX | The Nasdaq Stock Market |
|  |  | (Nasdaq Global Select Market) |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company &nbsp;&nbsp;&nbsp;&nbsp; ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp; ☐

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<u>[**Table of Contents**](#i0a0701f025f64959bdadb13d22efbf08_7)</u>

 **Table of Contents**

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| | | |
|:---|:---|:---|
| Item 5.02. | <u>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</u> | <u>[3](#i0a0701f025f64959bdadb13d22efbf08_10)</u> |
| Item 9.01. | <u>Financial Statements and Exhibits</u> | <u>[4](#i0a0701f025f64959bdadb13d22efbf08_13)</u> |
| <u>SIGNATURES</u> | <u>SIGNATURES</u> | <u>[5](#i0a0701f025f64959bdadb13d22efbf08_16)</u> |
| EX-99.1 | EX-99.1 | |

---

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<u>[**Table of Contents**](#i0a0701f025f64959bdadb13d22efbf08_7)</u>

**Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

On February 21, 2023, Lam Research Corporation (the "Company") announced that Patrick J. Lord, Ph.D. was appointed as the Company's executive vice president and chief operating officer, effective March 1, 2023. Dr. Lord was previously the Company's executive vice president of Customer Support Business Group ("CSBG") and Global Operations. In addition, Christina (Tina) C. Correia was appointed as the Company's chief accounting officer, effective March 1, 2023. Ms. Correia also serves as the Company's corporate vice president of Corporate Finance and Investor Relations.

Dr. Lord, age 57, has been the executive vice president of CSBG and Global Operations since September 2020. Dr. Lord was senior vice president and general manager of CSBG from December 2016 to September 2020. Prior to that, Dr. Lord held the position of group vice president and deputy general manager of the Global Products Group from September 2013 to December 2016. He served as the head of the Direct Metals, GapFill, Surface Integrity Group, and Integrated Metals ("DGSI") Business Units between June 2012 and September 2013. Prior to the Company's acquisition of Novellus Systems, Inc. ("Novellus") in June 2012, Dr. Lord was senior vice president and general manager of the DGSI Business Units at Novellus. Additionally, Dr. Lord previously held the position of senior vice president of Business Development and Strategic Planning. He joined Novellus in 2001 and held a number of other positions, including senior vice president and general manager of the CMP Business Unit, senior director of Business Development, senior director of Strategic Marketing, and acting vice president of Corporate Marketing. Before joining Novellus, Dr. Lord spent six years at KLA-Tencor in various product marketing and management roles. He earned his Ph.D., M.S., and B.S. degrees in mechanical engineering from the Massachusetts Institute of Technology.

There are no arrangements or understandings between Dr. Lord and any other persons pursuant to which Dr. Lord was named as executive vice president and chief operating officer of the Company. Dr. Lord does not have any family relationship with any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Dr. Lord has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Section 404(a) of Regulation S-K or Item 5.02(c) of Form 8-K.

Ms. Correia, age 52, has been the corporate vice president of Corporate Finance and Investor Relations since April 2020. She previously was the corporate vice president of Corporate Communications and Investor Relations from September 2018 to April 2020 and has served in a variety of leadership positions since joining the Company in 2002, including serving as chief of staff to the chief executive officer, and as vice president of Business Finance. Prior to joining the Company, she served at BroadVision, Inc., where she most recently served as the company's vice president and corporate controller in addition to several senior-level finance positions. She started her career at KPMG LLP, where she worked in the firm's assurance practice. Ms. Correia earned her B.S. degree in business administration with emphases in accounting and finance from the University of California at Berkeley and is a licensed Certified Public Accountant (inactive).

There are no arrangements or understandings between Ms. Correia and any other persons pursuant to which Ms. Correia was named as corporate vice president and chief accounting officer of the Company. Ms. Correia does not have any family relationship with any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Ms. Correia has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Section 404(a) of Regulation S-K or Item 5.02(c) of Form 8-K.

In accordance with the Company's customary practice, the Company is entering into its standard form of indemnification agreement with Ms. Correia, which will require the Company to indemnify her against certain liabilities that may arise as a result of her status or service as corporate vice president and chief accounting officer. The description of the indemnification agreement with Ms. Correia is qualified in its entirety by the full text of the form of indemnification agreement, which is attached to the Company's Quarterly Report on Form 10-Q dated April 24, 2017 as Exhibit 10.1.

On February 21, 2023, the Company issued a press release announcing the appointment of Dr. Lord. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

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<u>[**Table of Contents**](#i0a0701f025f64959bdadb13d22efbf08_7)</u>

**Item 9.01. Financial Statements and Exhibits** 

*(d) Exhibits*

&nbsp;&nbsp;&nbsp;&nbsp;

99.1 <u>[Press Release dated February 21, 2023](lrcx_exx991xprfeb212023.htm)</u> <br> 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

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<u>[**Table of Contents**](#i0a0701f025f64959bdadb13d22efbf08_7)</u>

 **SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: | February 21, 2023 |  | **LAM RESEARCH CORPORATION** |
|  |  |  | (Registrant) |
|  |  | By: | /s/ Ava M. Hahn |
|  |  |  | **Ava M. Hahn** |
|  |  |  | **Senior Vice President, Chief Legal Officer** |

---

## Exhibit 99.1

**Exhibit 99.1**

![image_0a.jpg](image_0a.jpg)

<br>**FOR IMMEDIATE DISTRIBUTION**

**Lam Research Announces New Executive Appointments to Extend Innovation Leadership and Position the Company for Long-Term Growth**

**FREMONT, Calif., February 21, 2023** – Lam Research Corp. (NASDAQ: LRCX) today announced a series of changes to its management structure across operations, innovation, product groups and sales, which together are intended to further position the company to capitalize on strong future growth opportunities in the semiconductor industry. Effective March 1, 2023, new leadership appointments include Pat Lord moving into the newly created position of executive vice president and chief operating officer (COO). Vahid Vahedi will take on the role of senior vice president and chief technology officer (CTO) – succeeding Rick Gottscho, who begins a new executive leadership position at the company focused on the innovation ecosystem. In addition, Sesha Varadarajan will oversee the newly combined etch and deposition business unit, Global Products Group, and Neil Fernandes becomes senior vice president, global customer operations. Lord, Vahedi, Gottscho, Varadarajan and Fernandes will report directly to Tim Archer, president and chief executive officer at Lam.

"The criticality of semiconductors has been amplified with the accelerated digitization of the global economy. As an industry leader, Lam is committed to excellence in delivering the cutting-edge technology and operational efficiencies necessary to ensure we are well-positioned for long-term success," said Archer. "Pat, Vahid, Rick, Sesha and Neil exemplify the Lam core values of agility, achievement, and innovation and continuous improvement. This next phase of leadership at Lam will reinforce the company's ability to capitalize on future innovation inflections and support our customers in the 3D era of chipmaking and beyond."

As COO, Lord will be responsible for driving operational effectiveness, productivity and business resilience in support of Lam's long-term growth goals. Previously executive vice president of Lam's Customer Support Business Group (CSBG) and global operations, his role will now expand to include the company's Global Information Systems and Global Resilience, Security, and Transformation groups. This combined oversight will enable tighter integration between global operations and business transformation initiatives, advancing Lam's ability to nimbly adapt to changing market conditions. Lord, who joined Lam in 2012 as part of the company's acquisition of Novellus Systems, has nearly 30 years of management experience across semiconductor technologies and business.

As CTO, Vahedi will focus on driving breakthrough solutions that will define the next generation of semiconductors, ranging from dry resist technology to innovations in etch, deposition, advanced packaging and materials science that will accelerate scaling in the 3D era. Vahedi brings 27 years of technology and business leadership experience to the position. Joining Lam in 1995, Vahedi was most recently the senior vice president and general manager of Lam's etch business where he led the development of the company's dielectric etch, conductor and 3DIC etch innovations, and was responsible for the launch of Sense.i®, Lam's newest and most innovative etch platform to date.

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As senior vice president of the Global Products Group, Varadarajan will oversee product design, engineering and business processes to deliver industry-leading etch and deposition solutions at the right cost, quality, volume and reliability for its customers. Varadarajan has 23 years of experience in business and technology leadership at Lam, most recently serving as general manager of the company's deposition product group. Previously, he held a range of other senior leadership positions at the company.

Previously global vice president of customer operations, in his new role, Fernandes will lead sales and customer operations across Lam's global footprint. He joined the company in 2012 following the acquisition of Novellus Systems. Fernandes has over 30 years of experience in semiconductor equipment business and has held a range of leadership positions in sales operations, marketing and technology. Fernandes succeeds Scott Meikle, who after six years at Lam, has decided to retire.

Additional information and biographies of the Lam management team are available at <u>www.lamresearch.com</u>.

**About Lam Research**<br>Lam Research Corporation (NASDAQ: LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam's equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research is a FORTUNE 500® company headquartered in Fremont, California, with operations around the globe. Learn more at <u>www.lamresearch.com</u>.<br>**Caution Regarding Forward-Looking Statements**

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Form 10-Q for the fiscal quarter ended December 25, 2022. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

\# \# \#

**Company Contacts** <br>Laura Bakken

Public Relations

(510) 972-5029

publicrelations@lamresearch.com <br>Ram Ganesh<br>Investor Relations<br>(510) 572-1615<br>investor.relations@lamresearch.com

<br>