Summary
KLA Corporation (KLAC) filed an 8-K report on November 7, 2024, detailing the outcomes of its 2024 Annual Meeting of Stockholders held on November 6, 2024. The meeting saw strong participation, with over 89% of outstanding shares represented. Key outcomes included the election of nine directors, the ratification of PricewaterhouseCoopers LLP as the independent auditor for fiscal year 2025, and the approval of executive compensation on an advisory basis. Additionally, the report announced a quarterly cash dividend of $1.70 per share, payable on December 3, 2024, to shareholders of record on November 18, 2024. The Board also saw a change in its committee structure, with Kevin Kennedy appointed Chair of the Audit Committee and Robert Calderoni joining the Audit Committee, following Marie Myers' departure and a reduction in the Board's size to nine directors.
Key Highlights
- 1All nine nominated directors were overwhelmingly elected to serve for one-year terms.
- 2PricewaterhouseCoopers LLP was ratified as the Company's independent registered public accounting firm for fiscal year 2025 with strong shareholder support.
- 3Shareholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers.
- 4A cash dividend of $1.70 per share was declared, payable on December 3, 2024, to shareholders of record on November 18, 2024.
- 5Kevin Kennedy was appointed as the new Chair of the Audit Committee.
- 6Robert Calderoni joined the Audit Committee.
- 7The Board of Directors size was reduced from 10 to 9 members following Marie Myers' departure.