8-KLeadership ChangesRegulation FDExhibits & Filings

APPLIED MATERIALS INC /DE 8-K Report, Executive Changes (Jul 22, 2025)

Filed July 22, 2025For Securities:AMAT

Summary

Applied Materials, Inc. (AMAT) has filed an 8-K report to announce a significant change in its Board of Directors. The company elected James R. Anderson to its Board and the Board’s Strategy and Investment Committee, effective immediately as of July 18, 2025. This appointment brings new expertise to the board, particularly concerning strategy and investment, which could be crucial for the company's future growth and market positioning. Mr. Anderson's compensation includes a standard package for non-employee directors, comprising an annual retainer, an additional retainer for his committee service, and a significant grant of restricted stock units (RSUs) that vest in March 2026. The issuance of RSUs aligns his interests with those of shareholders, as their value is tied to the company's stock performance. Investors should monitor the impact of this new directorship on strategic decisions and overall corporate governance.

Key Highlights

  • 1James R. Anderson appointed to Applied Materials' Board of Directors.
  • 2Mr. Anderson also joins the Board's Strategy and Investment Committee.
  • 3The appointment is effective immediately from July 18, 2025.
  • 4Mr. Anderson will receive an annual retainer of $100,000, plus $10,000 for committee service.
  • 5He will be granted restricted stock units valued at $240,000, vesting on March 1, 2026.
  • 6Mr. Anderson has no undisclosed material interests in company transactions.
  • 7The company issued a press release on July 22, 2025, detailing this appointment.

Frequently Asked Questions

James R. Anderson has been elected to the Board of Directors of Applied Materials, Inc. He will also serve on the Board's Strategy and Investment Committee. His appointment is intended to bring his expertise to the company's strategic planning and investment decisions.

Mr. Anderson will receive an annual retainer of $100,000, prorated for his service. Additionally, he will receive an annual retainer of $10,000 for his role on the Strategy and Investment Committee, also prorated. A significant component of his compensation is a grant of restricted stock units valued at $240,000 (prorated), which are set to vest in full on March 1, 2026, contingent upon his continued service.

According to the filing, there are no undisclosed arrangements between Mr. Anderson and other parties related to his election. Furthermore, he has no direct or indirect material interest in any transactions that would require disclosure under SEC Regulation S-K.

The restricted stock units granted to Mr. Anderson are designed to align his financial interests with those of Applied Materials' shareholders. The value of the RSUs is tied to the company's stock price, and they vest on a specific date (March 1, 2026), encouraging his continued commitment and focus on long-term value creation for the company.