other material
confidence high
sentiment neutral
materiality 0.30
Lam Research effects 10-for-1 forward stock split; authorized shares increased to 4 billion
LAM RESEARCH CORP
- Each existing share split into 10 shares effective 5:00 p.m. ET on Oct 2, 2024.
- Authorized common shares raised from 400M to 4B; par value unchanged at $0.001.
- Stock split-adjusted trading on Nasdaq begins Oct 3, 2024, under symbol LRCX.
- New CUSIP is 512807306; proportionate adjustments made to equity awards and plans.
- Stockholder approval not required under Delaware law.