8-KRegulation FDExhibits & Filings

LAM RESEARCH CORP 8-K Report, Regulation FD Disclosure (Oct 4, 2019)

Filed October 4, 2019For Securities:LRCX

Summary

Lam Research Corporation (LRCX) filed an 8-K on October 4, 2019, to disclose an adjustment to the conversion rate of its 2.625% Senior Convertible Notes due 2041. This adjustment was made pursuant to the indenture governing these notes, originally issued by Novellus Systems, Inc. The filing includes a "Notice of Adjustment of Conversion Rate" which was distributed to the holders of these 2041 Notes.

Key Highlights

  • 1Lam Research Corp (LRCX) issued an 8-K filing on October 4, 2019.
  • 2The primary purpose of the filing is to disclose an adjustment to the conversion rate of the 2.625% Senior Convertible Notes due 2041.
  • 3This adjustment is made in accordance with the terms of the indenture governing the notes.
  • 4The notice of adjustment was distributed to holders of the 2041 Notes.
  • 5The filing specifically references Exhibit 99.1, which contains the official Notice of Adjustment of Conversion Rate.
  • 6The information is furnished under Regulation FD Disclosure (Item 7.01) and is not considered 'filed' for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

The main event reported is an adjustment to the conversion rate of Lam Research's 2.625% Senior Convertible Notes due 2041.

The holders of the 2.625% Senior Convertible Notes due 2041 are directly affected by this adjustment, as they received the notice.

The filing states the adjustment was made pursuant to the terms of the Indenture governing the notes, but it does not specify the exact reason for the adjustment in this particular 8-K. Investors would need to refer to Exhibit 99.1 for the specific details of the adjustment and the underlying cause, which could be related to various events outlined in the indenture.

This filing primarily concerns a technical adjustment related to the company's convertible debt. While important for the holders of the specific notes, it is not typically considered a material financial event in the same vein as earnings releases or major business developments, unless the reasons for the adjustment imply a significant underlying event for the company.