KLA CORP false 0000319201 --06-30 0000319201 2025-11-05 2025-11-05
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 5, 2025

 

 

KLA CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   000-09992   04-2564110
(State or other jurisdiction
of incorporation)
 

(Commission

File Number)

  (IRS Employer
Identification No.)

 

One Technology Drive Milpitas California   95035
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (408) 875-3000

(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:

 

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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol(s)

 

Name of each exchange
on which registered

Common Stock, $0.001 par value per share   KLAC   The Nasdaq Stock Market, LLC
Indicate by check    
    The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 5.03

Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On November 6, 2025, the Board of Directors (the “Board”) of KLA Corporation (the “Company”) approved and adopted amendments to the existing By-laws of the Company (as so amended, the “By-laws”). Among other things, the amendments:

 

  i.

Update for developments in case law and market practice and enhance procedural mechanics and disclosure requirements in connection with shareholder nominations of directors and submissions of proposals regarding other business at shareholder meetings, including, without limitation, by requiring additional background information and disclosures regarding nominating or proposing shareholders;

 

  ii.

Modernize and update sections on directors, officers, and stock to reflect the Company’s current corporate governance practices, and

 

  iii.

Make other technical, conforming, modernizing and clarifying amendments.

The foregoing description of the amendments is qualified in its entirety by reference to the full text of the By-laws, a copy of which is attached as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

 

Item 5.07

Submission of Matters to a Vote of Security Holders.

The Company held its 2025 annual meeting of stockholders (the “2025 Annual Meeting”) on November 5, 2025. Of the 131,684,530 shares of Company Common Stock entitled to vote at the 2025 Annual Meeting, 118,035,923.99 shares, or 89.64%, were present in person or by proxy at the 2025 Annual Meeting. Three proposals were considered at the 2025 Annual Meeting:

Proposal One: At the 2025 Annual Meeting, the stockholders elected the ten candidates nominated by the Board of Directors to serve as directors for one-year terms, each until his or her successor is duly elected and qualified.

The table below presents the voting results for Proposal One:

 

Name

   For      Against      Abstain      Broker Non-Votes  

Robert Calderoni

     100,562,230.98        9,379,083.95        76,794.05        8,017,815  

Jason Conley

     109,695,726.98        244,901.95        77,480.05        8,017,815  

Tracy Embree

     109,895,809.98        51,019.95        71,279.05        8,017,815  

Jeneanne Hanley

     109,698,232.98        249,071.95        70,804.05        8,017,815  

Kevin Kennedy

     103,158,205.98        6,738,419.95        121,483.05        8,017,815  

Michael McMullen

     105,305,694.98        4,592,109.95        120,304.05        8,017,815  

Victor Peng

     109,618,329.92        324,751.95        75,027.10        8,017,815  

Jamie Samath

     109,648,712.98        293,984.95        75,411.05        8,017,815  

Susan Taylor

     109,893,450.98        52,556.95        72,101.05        8,017,815  

Richard Wallace

     109,811,499.98        135,075.95        71,533.05        8,017,815  

Proposal Two: The stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2026.

The table below presents the voting results for Proposal Two:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

110,538,151.98   7,433,060.95   64,711.05   0

Proposal Three: The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Proxy Statement for the 2025 Annual Meeting.

The table below presents the voting results for Proposal Three:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

100,607,405.43   8,287,035.72   1,123,667.83   8,017,815

 


Item 8.01

Other Events.

As previously disclosed in the Company’s 2025 Proxy Statement filed with the SEC on September 23, 2025, Emiko Higashi and Gary Moore were not standing for re-election at the 2025 Annual Meeting, effectively ending each of their terms on November 5, 2025.

On November 5, 2025, Michael McMullen was appointed Chair of the Compensation and Talent Committee, replacing Gary Moore.

On November 6, 2025, the Company issued a press release announcing that its Board declared a cash dividend of $1.90 per share on the Company’s common stock. Such dividend shall be payable on December 2, 2025 to stockholders of record as of the close of business on November 17, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits

The following exhibits are filed herewith.

 

Exhibit No.    Description
3.1    Amended and Restated By-Laws
99.1    Press release issued November 6, 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    KLA CORPORATION
Date: November 6, 2025     By:  

/s/ Mary Beth Wilkinson

    Name:   Mary Beth Wilkinson
    Title:  

Executive Vice President, Chief Legal Officer

and Corporate Secretary