Summary
KLA Corporation (KLAC) has filed an 8-K report detailing significant changes to its Board of Directors and the declaration of a quarterly cash dividend. Two long-standing directors, Gary Moore and Emiko Higashi, will retire from the Board at the upcoming Annual Meeting of Stockholders. Their departures are amicable and not due to any disagreements with the company. In line with these retirements, KLA is nominating Tracy Embree and Jason Conley to join the Board, subject to stockholder election at the Annual Meeting. Ms. Embree brings extensive executive experience from Otis Worldwide Corporation and Cummins Inc., and has prior public board experience, including with Lennox International. Mr. Conley is currently the Executive Vice President and CFO of Roper Technologies and has a strong background in financial leadership and corporate transformation. If elected, Ms. Embree will serve on the Compensation Committee, and Mr. Conley will serve on the Audit Committee, bringing valuable financial and operational expertise to the Board.
Key Highlights
- 1Two current directors, Gary Moore and Emiko Higashi, will retire from the Board at the upcoming Annual Meeting.
- 2The retirements are effective at the Annual Meeting and are not due to any disagreements with the company.
- 3KLA Corporation is nominating Tracy Embree and Jason Conley for election to the Board of Directors at the Annual Meeting.
- 4Tracy Embree has significant executive experience from Otis Worldwide and Cummins, and prior board experience.
- 5Jason Conley is currently EVP and CFO of Roper Technologies, with extensive financial and leadership background.
- 6If elected, Ms. Embree will join the Compensation Committee, and Mr. Conley will join the Audit Committee.
- 7The Board declared a cash dividend of $1.90 per share, payable on September 3, 2025, to stockholders of record on August 18, 2025.