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 May 8, 2025, the Board of Directors (the “Board”) of KLA Corporation (the “Company”) appointed Susan J.S. Taylor to the Board and the Audit Committee of the Board, effective immediately.
Ms. Taylor served as Chief Accounting Officer of Meta Platforms, Inc., a social media and technology company, from April 2017 until June 2023. From 2012 to 2017, Ms. Taylor served as Vice President, Controller, and Chief Accounting Officer of LinkedIn Corporation, a professional social networking company. From 2009 to 2012, Ms. Taylor served as the Vice President, Controller, and Chief Accounting Officer of Silver Spring Networks, Inc., a provider of networking solutions. From 2008 to 2009, Ms. Taylor served as the Senior Director, Accounting Policy of Yahoo! Inc. Prior to Yahoo!, Ms. Taylor spent over thirteen years at PricewaterhouseCoopers, a global professional services accounting firm, in various roles within the firm’s assurance practice. Ms. Taylor has served on the board of directors of Pure Storage, Inc. since 2018.
Ms. Taylor will receive a prorated grant of restricted stock units pursuant to the Company’s 2023 Incentive Award Plan for her service on the Board through the next annual meeting of stockholders and she 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.
On May 8, 2025, Robert A. Rango notified the Board of the Company of his decision to retire from the Board and the Audit Committee of the Board, effective immediately. Mr. Rango’s retirement is not the result of any disagreement between Mr. Rango and the Company on any matter relating to the operations, policies or practices of the Company.
| Item 8.01 | Other Events. |
On May 8, 2025, the Company issued a press release announcing that the Company’s Board declared a cash dividend of $1.90 per share on the Company’s common stock. Such dividend shall be payable on June 3, 2025 to stockholders of record as of the close of business on May 19, 2025. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
| Item 9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits |
The following exhibits are filed herewith.
| Exhibit No. |
Description | |
| 99.1 | Press release issued May 8, 2025 | |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| KLA CORPORATION | ||||||
| Date: May 8, 2025 | By: | /s/ Mary Beth Wilkinson | ||||
| Name: | Mary Beth Wilkinson | |||||
| Title: | Executive Vice President, Chief Legal Officer and Corporate Secretary | |||||