Applied Materials 8-K
Leadership change
Qualcomm CFO and COO Akash Palkhiwala joins Applied Materials’ board and Audit Committee.
Filed 2026-08-27 16:12 ET
- 5.02 Officer/director change
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Akash Palkhiwala joined Applied Materials’ board and Audit Committee effective 08/27/2026. He is Qualcomm’s CFO and COO and has held finance leadership roles there since 2001.
Key Figures
- Annual director retainer: $0.1M, prorated for service during the fiscal year; Audit Committee retainer: $0.025M annually, also prorated.
- Restricted stock units valued at $0.25M, prorated from appointment through the scheduled 2027 annual meeting; scheduled to vest in full on 03/01/2027, subject to continued board service.
The summary is written by an AI model reading the filing.
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