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KLA CORP 8-K Report, Shareholder Vote Results (Nov 6, 2020)

Reports
Shareholder Matters·Other Events·Exhibits & Filings
Filing Date
Filed November 6, 2020
Period End
November 4, 2020
Security
KLAC
In the record · 2016–202610-K1110-Q328-K131

KLAC filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 131 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Aug ’19Aug ’19
  2. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed November 6, 2020. Cited figures are marked; the original filing is the authoritative source.

KLA Corporation (KLAC) filed an 8-K on November 5, 2020, detailing the outcomes of its 2020 Annual Meeting of Stockholders held on November 4, 2020.

A significant majority of eligible shares, 90.6%a, were represented, indicating strong shareholder engagement. All eleven director nominees were elected, and the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year 2021 was ratified with overwhelming support. Additionally, stockholders approved, on an advisory basis, the compensation of named executive officers and a shareholder proposal regarding proxy access, signaling general alignment with management's decisions and governance practices.

Beyond the annual meeting, the company announced a quarterly cash dividend of $0.90b per share, payable on December 1, 2020, to shareholders of record as of November 16, 2020. This dividend declaration demonstrates KLA's commitment to returning capital to its shareholders and reflects confidence in its financial stability and ongoing operations. Investors should note the robust voting results, particularly for director elections and auditor ratification, as indicators of shareholder confidence in the company's leadership and financial oversight.

02—Key points

Key Highlights

  1. All eleven nominated directors were elected to serve one-year terms, receiving strong shareholder support.
  2. PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for fiscal year ending June 30, 2021, with a high affirmative vote.
  3. Stockholders approved, on a non-binding advisory basis, the compensation of KLA's named executive officers.
  4. A shareholder proposal regarding proxy access was approved by the stockholders.
  5. The company declared a cash dividend of $0.90 per share, payable on December 1, 2020.
  6. A substantial 90.6% of eligible shares were present at the annual meeting, indicating high shareholder participation.
  7. The dividend is payable to stockholders of record as of November 16, 2020.

03—Questions

Frequently Asked Questions

  1. What were the main outcomes of KLA Corp's 2020 Annual Meeting?

    The main outcomes included the election of all eleven director nominees, the ratification of PricewaterhouseCoopers LLP as the independent auditor for FY2021, approval of executive compensation on an advisory basis, and the approval of a shareholder proposal on proxy access. A significant majority of shares were represented at the meeting.

  2. Has KLA Corp announced any dividend payments?

    Yes, KLA Corp announced a cash dividend of $0.90 per share on November 5, 2020. This dividend is scheduled to be paid on December 1, 2020, to shareholders who are on record as of November 16, 2020.

  3. How did shareholders vote on the executive compensation (Say-on-Pay)?

    Shareholders approved, on a non-binding advisory basis, the compensation of the company's named executive officers. The vote showed approximately 123.17 million 'For' votes versus 6.85 million 'Against' votes.

  4. What was the level of shareholder participation at the annual meeting?

    Shareholder participation was high, with 90.6% of the company's common stock entitled to vote being present in person or by proxy at the 2020 Annual Meeting.

04—Continue

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