LAM RESEARCH CORPORATION (NASDAQ:LRCX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

LAM RESEARCH CORPORATION (NASDAQ:LRCX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. This Amendment speaks as of the filing date of the Original Filing and corrects a disclosure contained in the Original Filing. Accordingly, this Amendment should be read in conjunction with the Original Filing.

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

The formula set forth in the fourth sentence of the third paragraph of the Original Filing was incorrect. Accordingly, that sentence is corrected to read: “The number of shares covered by each stock option, which will expire seven years from the grant date, shall be determined by dividing 50% of the above nominal value of the equity award by the average closing price of the Company’s common stock for the 30 trading days prior to the grant date, multiplying the result by approximately 4.2 and rounding down to the nearest whole share, which yields 71,430 shares.”


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.

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