8-KLeadership Changes

LAM RESEARCH CORP 8-K Report, Executive Changes (Aug 27, 2026)

Filed August 27, 2026For Securities:LRCX

Summary

Lam Research Corporation (LRCX) announced on August 27, 2026, that two long-serving board members, Sohail U. Ahmed and Michael R. Cannon, have decided to retire. Their retirements will be effective on November 2, 2026. This departure will result in a reduction of the Board of Directors' size from 12 to 10 members. Both Mr. Ahmed and Mr. Cannon have made significant contributions during their tenures. Mr. Ahmed served for approximately seven years, participating in key committees like Audit, Compensation & Human Resources, and Innovation & Technology. Mr. Cannon, with a tenure of approximately 16 years, has a substantial record, including extensive service on the Audit, Compensation & Human Resources, and Nominating & Governance committees, where he also served as Chair for seven years. The company expressed its gratitude for their dedicated service and guidance.

Key Highlights

  • 1Two board members, Sohail U. Ahmed and Michael R. Cannon, are retiring.
  • 2Retirements are effective November 2, 2026.
  • 3The Board of Directors size will be reduced from 12 to 10 directors.
  • 4Sohail U. Ahmed served on the Board for approximately 7 years.
  • 5Michael R. Cannon served on the Board for approximately 16 years.
  • 6Mr. Cannon had a significant leadership role as Chair of the Nominating & Governance Committee for seven years.
  • 7The company expressed appreciation for the directors' service and contributions.

Frequently Asked Questions

This 8-K filing is primarily to announce the retirement of two directors, Sohail U. Ahmed and Michael R. Cannon, from the Board of Directors of Lam Research Corporation.

The retirements of Mr. Ahmed and Mr. Cannon will be effective on November 2, 2026.

The Board of Directors will be reduced in size from 12 members to 10 members upon the retirement of Mr. Ahmed and Mr. Cannon.

Yes, both directors served on various key committees. Mr. Ahmed was part of the Audit, Compensation & Human Resources, and Innovation & Technology committees. Mr. Cannon had extensive experience on the Audit, Compensation & Human Resources, and Nominating & Governance committees, including serving as Chair of the latter for seven years.