What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to inform investors and holders of Lam Research's convertible senior notes that the company has adjusted the conversion rates for these notes, as required by the terms of the governing indentures.

Which convertible notes are affected by these adjustments?

The convertible notes affected are the 0.50% Convertible Senior Notes due 2016, the 1.25% Convertible Senior Notes due 2018, and the 2.625% Senior Convertible Notes due 2041.

What is a conversion rate adjustment and why is it important for investors?

A conversion rate adjustment changes the number of shares of common stock that a bondholder receives when they convert their convertible notes. This adjustment is important because it can affect the effective price an investor pays for the stock upon conversion and the potential value of their investment.

Is this information considered 'filed' with the SEC and subject to liability?

No, the information furnished in this 8-K, including the exhibits, is being provided under Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. Therefore, it is not subject to the liabilities of that section.

LRCX 8-K: Regulation FD

Summary

This 8-K filing from Lam Research Corporation (LRCX), dated December 16, 2015, primarily serves as a disclosure regarding the adjustment of conversion rates for several series of its outstanding convertible senior notes. These adjustments are made in accordance with the terms of the respective indentures governing these notes. Specifically, the company distributed notices concerning adjustments to the conversion rates for its 0.50% Convertible Senior Notes due 2016, 1.25% Convertible Senior Notes due 2018, and 2.625% Senior Convertible Notes due 2041. These adjustments could impact the number of shares an investor would receive upon converting their notes into common stock. Investors holding these notes should review the specific notices attached as exhibits to understand the implications for their holdings.

Key Highlights

1Lam Research Corporation issued a Form 8-K on December 16, 2015.
2The filing discloses the adjustment of conversion rates for three series of convertible senior notes: 0.50% due 2016, 1.25% due 2018, and 2.625% due 2041.
3These adjustments are made pursuant to the terms of the respective indentures governing these notes.
4Notices of these adjustments were distributed to the respective noteholders.
5The company's CFO, Douglas R. Bettinger, signed the filing.
6The information is furnished under Regulation FD and is not considered 'filed' for purposes of Section 18 of the Exchange Act.

LAM RESEARCH CORP 8-K Report, Regulation FD Disclosure (Dec 16, 2015)

Summary

Key Highlights

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