Applied Materials Reports Results of 2026 Annual Meeting; Directors Elected

What Happened

• Applied Materials, Inc. held its Annual Meeting of Shareholders on March 12, 2026 and reported the voting results in an 8-K filed March 13, 2026.
• All ten director nominees were elected to one-year terms. Vote totals for nominees ranged from 536,089,076 "For" votes (Kevin P. March) to 597,000,433 "For" votes (Rani Borkar). There were 85,096,891 broker non-votes recorded for the director and advisory compensation proposals.
• Shareholders approved, on an advisory basis, the compensation of the company's named executive officers (say-on-pay): 552,486,796 For, 41,457,649 Against, 5,230,272 Abstain (plus 85,096,891 broker non-votes).
• Shareholders ratified KPMG LLP as the company’s independent registered public accounting firm for fiscal year 2026: 636,399,482 For, 46,823,436 Against, 1,048,690 Abstain.

Key Details

• Meeting date: March 12, 2026; 8-K filed March 13, 2026.
• Directors elected (ten nominees) — examples of vote counts: Rani Borkar 597,000,433 For; Kevin P. March 536,089,076 For (62,101,403 Against).
• Say-on-pay advisory vote: 552,486,796 For vs. 41,457,649 Against.
• Auditor ratification: KPMG LLP approved with 636,399,482 For.

Why It Matters

• The re-election of the full slate of directors confirms the board that will oversee Applied Materials’ strategy and governance for the coming year.
• The affirmative advisory vote on executive compensation signals shareholder support for the company’s pay programs (though advisory, not binding).
• Ratification of KPMG as auditor maintains continuity in the company’s external audit oversight for fiscal 2026, which matters for financial reporting reliability.

Keywords: annual meeting, directors elected, say-on-pay, auditor ratification, KPMG, shareholder vote.