LAM RESEARCH CORP 8-K

What Happened

• Lam Research Corporation announced on February 3, 2026 that its Board appointed Anirudh Devgan, Ph.D. (age 56) as a director, increasing the board size by one. Dr. Devgan also joined the Board’s Innovation and Technology Committee, effective immediately.
• Dr. Devgan has served as chief executive officer and a board member of Cadence Design Systems, Inc. since December 2021 (and as Cadence president since November 2017). His prior roles include senior leadership at Magma Design Automation and technical/management positions at IBM. He holds a B.Tech (IIT Delhi) and M.S./Ph.D. (Carnegie Mellon).

Key Details

• Appointment date: February 3, 2026; board size increased by one.
• Committee assignment: Innovation and Technology Committee (effective immediately).
• Current role: CEO and board member of Cadence Design Systems since Dec. 2021; age 56.
• No arrangements, family relationships or reportable related-party transactions disclosed in connection with the appointment.

Why It Matters

• The company added a director with deep semiconductor design and EDA (electronic design automation) experience, which is directly relevant to Lam Research’s technology and product roadmap oversight.
• For investors, this is a governance update (board composition change) rather than a change to executive management or financial guidance; no compensatory arrangements or related-party transactions were reported in the filing.