SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 30, 2012
LAM RESEARCH CORPORATION
(Exact name of registrant as specified in its charter)
(State or Other Jurisdiction of Incorporation)
|(Commission File Number)||(IRS Employer Identification Number)|
4650 Cushing Parkway
Fremont, California 94538
(Address of principal executive offices including zip code)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
|¨||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|¨||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|¨||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|¨||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
T ABLE OF CONTENTS
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
|(b)||Departure of Director|
On August 30, 2012, Lam Research Corporation announced that James Bagley, chairman of the board of directors of Lam Research Corporation (the Company), is retiring from his position with the Company effective as of the Companys 2012 Annual Meeting of Stockholders on November 1, 2012. At that time, Stephen G. Newberry will become chairman of the board.
Item 8.01 Other Events.
On August 30, 2012, the Company issued a press release, attached to this Current Report on Form 8-K as Exhibit 99.1, announcing Mr. Bagleys retirement.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release dated August 30, 2012|
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.
Date: August 30, 2012
|LAM RESEARCH CORPORATION|
/s/ George M. Schisler, Jr.
|George M. Schisler, Jr.|
|Vice President of General Legal Affairs|
|99.1||Press Release dated August 30, 2012|
HOLD IMMEDIATE RELEASE
Corporate Communications: Ed Rebello, 510/572-6603, e-mail: firstname.lastname@example.org
Investor Relations: Shanye Hudson, 510/572-4589, e-mail: email@example.com
Lam Research Corporation Announces Retirement of Chairman, James W. Bagley; Stephen G. Newberry Appointed his Successor
FREMONT, Calif., August 30, 2012 Lam Research Corporation (NASDAQ: LRCX) today announced that James W. Bagley, who has served as the companys chairman of the board of directors for the last 15 years, has decided to retire from the industry, including his position on Lams board, effective as of the companys annual meeting of stockholders which will be held on November 1, 2012. The board appointed Lams current vice-chairman, Stephen G. Newberry, to succeed Bagley as chairman upon Mr. Newberrys reelection to the board at the annual meeting.
My tenure at Lam Research has been the highlight of my career. The executives and employees that I have worked with over the past 16 years have been the most inspired and dedicated people I have had the privilege to lead, Bagley said.
Commenting on Bagleys retirement, Newberry stated, It has been both a pleasure and a privilege to work alongside Jim for nearly three decades. He is an icon in our industry. During his tenure as Lams CEO from 1997 through 2005, Jim was responsible for transforming Lam Research into a premier semiconductor capital equipment company. In particular, he pioneered the introduction of an outsourced business model to more effectively manage costs across industry cycles; and propelled Lam to the leading market share position in etch. On behalf of the company, I extend a sincere thanks to Jim for his service and contribution. We wish him every happiness and fulfillment in his personal and philanthropic pursuits.
As a leader, Jim has been an inspiration to me and to Lams entire employee population, said Martin Anstice, Lams president and chief executive officer. The mission, vision, and core values, established under Jims leadership in 1998, remain virtually unchanged today and continue to exemplify our strong corporate culture which is centered on the principle that the customer comes first in our thinking and decision making. While Jims presence will be sorely missed at Lam, his spirit will continue to inspire us well into the future, said Anstice.
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LAM RESEARCH ANNOUNCES RETIREMENT OF CHAIRMAN .Page 2 of 2
Lam Research Corporation is a major supplier of innovative wafer fabrication equipment and services to the worldwide semiconductor industry. For more than 30 years, the Company has driven continuous improvements in chip performance, power consumption, and cost, contributing to the global proliferation of smartphones, computers, tablets, and other electronic products. Lam Research has been the leading supplier of high-throughput plasma etch equipment for more than a decade and expanded its product offerings in 2008 to include single-wafer clean systems. The Company added thin-film deposition and wafer surface preparation technologies to its product portfolio in 2012 with the acquisition of Novellus Systems, Inc. Headquartered in Fremont, Calif., Lam Research maintains a global network of service facilities throughout North America, Asia, and Europe to rapidly meet the needs of its global customer base. It is an S&P 500 ® company and NASDAQ-100 ® company whose common stock trades on the NASDAQ Global Select Market(SM) under the symbol LRCX. For more information, please visit www.lamresearch.com .