LAM RESEARCH CORPORATION (NASDAQ:LRCX) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
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Amendments to Articles of Incorporation or Bylaws; Change
in Fiscal Year. |
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Item 9.01
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Financial Statements and Exhibits
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Change in Fiscal Year.
Corporation (the Company) approved amendments to the Companys
Amended and Restated Bylaws (the Bylaws) primarily to implement
proxy access. Article II, Section 2.16 has been added to the
Bylaws to permit a stockholder, or a group of up to 20
stockholders, owning at least 3% of the Companys outstanding
common stock continuously for at least three years to nominate
and include in the Companys proxy materials director nominees
constituting up to the greater of two individuals or 20% of the
Board, provided that the stockholders and the nominees satisfy
the requirements specified in the Bylaws. Proxy access will first
be available to stockholders in connection with the Companys 2017
annual meeting. The Bylaws were also amended to make certain
clarifications and refinements to the advance notice bylaw for
nominations, contained in Article II, Sections 2.2 and 2.3, and
to make certain other conforming, technical and administrative
changes. The foregoing description of the Companys Bylaws is
qualified in all respects by reference to the text of the Bylaws,
a copy of which is filed as Exhibit 3.1 to this Current Report on
Form 8-K and incorporated herein by reference.
About LAM RESEARCH CORPORATION (NASDAQ:LRCX)
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. Its products are designed to enable its customers build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. It offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean. LAM RESEARCH CORPORATION (NASDAQ:LRCX) Recent Trading Information
LAM RESEARCH CORPORATION (NASDAQ:LRCX) closed its last trading session down -0.63 at 115.63 with 1,214,438 shares trading hands.
