8-KEarnings & ResultsLeadership ChangesExhibits & Filings

KLA CORP 8-K Report, Financial Results (Jul 30, 2018)

Filed July 30, 2018For Securities:KLAC

Summary

KLA Corp (KLAC) filed an 8-K on July 30, 2018, primarily to announce its financial and operating results for the fourth quarter and full fiscal year 2018. While the detailed financial figures are not within the 8-K itself but in an accompanying press release (Exhibit 99.1), this filing signals the company's performance update. Investors should refer to the furnished press release for specific revenue, earnings, and operational metrics for the period ending around July 2018. Beyond the financial results, the report also disclosed a significant board appointment. Ana G. Pinczuk was appointed to the Board of Directors, effective August 1, 2018. Ms. Pinczuk brings extensive technology industry experience, particularly from her recent role at Hewlett Packard Enterprise, and her expertise is expected to benefit KLA's expanding services business. Her compensation for board service will include restricted stock units and a prorated annual cash retainer.

Key Highlights

  • 1KLA Corp announced its fourth quarter and full fiscal year 2018 financial and operating results via a press release furnished with the 8-K.
  • 2The company appointed Ana G. Pinczuk to its Board of Directors, effective August 1, 2018.
  • 3Ms. Pinczuk previously served as President and General Manager of Hewlett Packard Enterprise’s Pointnext technology services organization.
  • 4Her appointment is intended to leverage her broad technology and services experience to support KLA's growing services business.
  • 5Ms. Pinczuk will receive a prorated grant of restricted stock units and a prorated annual cash retainer for her board service.
  • 6The financial results are detailed in the furnished press release (Exhibit 99.1) and not directly in the 8-K filing itself.

Frequently Asked Questions

The 8-K filing itself does not contain the detailed financial results. Instead, it furnishes a press release (Exhibit 99.1) dated July 30, 2018, which announces the selected financial and operating results for KLA Corp's fourth quarter and full fiscal year 2018. Investors should refer to that press release for specific figures on revenue, earnings, and other financial performance indicators.

Ana G. Pinczuk is a new appointee to KLA Corp's Board of Directors, effective August 1, 2018. She brings significant experience from the technology sector, most recently as President and General Manager of Hewlett Packard Enterprise’s Pointnext technology services organization. Her appointment is strategic, aimed at utilizing her expertise to support and enhance KLA's expanding services business.

Ms. Pinczuk will receive compensation structured to reflect her service. This includes a prorated grant of restricted stock units, covering her service through the next annual meeting of stockholders, and a prorated portion of the annual cash retainer typically paid to independent board members.

No, the information contained within Item 2.02 of this 8-K and the accompanying press release is furnished, not filed. This means it is not subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, nor will it be automatically incorporated by reference into other SEC filings unless explicitly stated.