Who is Marie Myers and what is her background?

Marie Myers has been appointed to KLA Corporation's Board of Directors and Audit Committee. She has a strong financial background, having most recently served as the CFO of UiPath and previously as the global controller for Hewlett Packard. Her experience includes overseeing financial statements and global financial operations.

How will Marie Myers be compensated for her board service?

Ms. Myers will receive compensation for her service on the Board. This includes a prorated grant of restricted stock units for her service until the next annual stockholder meeting and a prorated portion of the annual cash retainer typically paid to independent board members.

What is the amount of the declared cash dividend and when will it be paid?

KLA Corporation's Board has declared a cash dividend of $0.85 per share. This dividend will be payable on March 5, 2020.

Who is eligible to receive the cash dividend?

Shareholders who are on record as of the close of business on February 22, 2020, will be eligible to receive the cash dividend.

KLAC 8-K: Leadership Changes

Summary

KLA Corporation (KLAC) announced two significant events via this 8-K filing. Firstly, on February 10, 2020, the company appointed Marie Myers to its Board of Directors and Audit Committee. Ms. Myers brings extensive financial leadership experience, notably as CFO of UiPath and global controller at Hewlett Packard, where she oversaw financial statements and operations. Her appointment strengthens the Board's financial expertise. Secondly, the Board declared a quarterly cash dividend of $0.85 per share, payable on March 5, 2020, to shareholders of record as of February 22, 2020. This dividend declaration indicates the company's commitment to returning capital to its shareholders, a positive signal for investors seeking income and stability.

Key Highlights

1Appointment of Marie Myers to the Board of Directors and Audit Committee.
2Marie Myers has significant financial expertise, previously serving as CFO of UiPath and global controller at Hewlett Packard.
3Ms. Myers' compensation for board service includes a prorated grant of restricted stock units and a prorated annual cash retainer.
4The Board declared a cash dividend of $0.85 per share.
5The dividend is payable on March 5, 2020.
6Record date for the dividend is February 22, 2020.
7This filing includes press releases detailing the board appointment and dividend declaration as exhibits.

KLA CORP 8-K Report, Executive Changes (Feb 13, 2020)

Summary

Key Highlights

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