UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 30, 2025, the Board of Directors (the “Board”) of KLA Corporation (the “Company”) appointed Jamie E. Samath to the Board, effective immediately.
Mr. Samath has served as Executive Vice President, Chief Financial Officer and Head of Business Technology, since January 1, 2025, at Intuitive Surgical, Inc. (“Intuitive”), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery. In his over 12 years with Intuitive, Mr. Samath’s scope and responsibilities have expanded across Intuitive’s financial and business functions. Mr. Samath assumed the role of Intuitive’s Chief Financial Officer in 2022 and became Head of Business Technology in 2024, which includes oversight of information technology, real estate and workplace services, and purchasing.
The Board also appointed Mr. Samath to the Audit Committee of the Board, effective immediately.
Mr. Samath will receive a prorated grant of restricted stock units pursuant to the Company’s 2023 Incentive Award Plan for his service on the Board through the next annual meeting of stockholders and he will be entitled to receive a prorated portion of the annual cash retainer paid by the Company to independent members of the Board and members of the Audit Committee pursuant to the Company’s current outside director compensation program.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KLA CORPORATION | ||||||
| Date: April 30, 2025 | By: | /s/ Mary Beth Wilkinson | ||||
| Name: | Mary Beth Wilkinson | |||||
| Title: | Executive Vice President, Chief Legal Officer And Corporate Secretary | |||||