LAM RESEARCH CORP 8-K/A

What Happened

• Lam Research Corporation announced on February 3, 2026 that it appointed Anirudh Devgan, Ph.D., age 56, to its Board of Directors, increasing the board size by one. Dr. Devgan joined the Board’s Innovation and Technology Committee upon his appointment.
• The company also filed an amendment (Form 8-K/A) to a prior 8-K to replace an incorrect attachment with the correct press release announcing the retirement of Patrick J. Lord, Ph.D. and the appointment of Seshasayee (Sesha) Varadarajan as Executive Vice President and Chief Operating Officer.

Key Details

• Appointment effective: February 3, 2026; board size increased by one.
• New director background: Dr. Devgan is CEO of Cadence Design Systems (since Dec 2021), president since Nov 2017, formerly held senior roles at Cadence, Magma Design Automation and IBM; he holds a B.Tech (IIT Delhi) and M.S./Ph.D. (Carnegie Mellon).
• Filing update: The 8-K/A was submitted to attach the correct Exhibit 99.2 press release regarding the EVP/COO transition (Patrick J. Lord retirement; Sesha Varadarajan named EVP & COO).

Why It Matters

• Board composition: Adding Dr. Devgan brings an experienced leader in electronic design automation and semiconductor-related software to Lam’s board and its Innovation & Technology Committee, which could strengthen oversight of technology strategy and R&D initiatives.
• Executive transition disclosure: The amendment ensures investors have the accurate press release about the company’s COO-level leadership change—important for understanding operational leadership and succession at a senior level.