secwatch.observer — SEC 8-K summary
======================================

Issuer:     APPLIED MATERIALS INC /DE (AMAT)
CIK:        0000006951
Form:       8-K
Filed at:   2022-03-07T23:59:59+00:00
Accession:  0001193125-22-067015
Event type: leadership
Sentiment:  positive
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Materials appoints Brice Hill as CFO, effective March 7, 2022
---------------------------------------------------------------------

- Brice Hill, former Xilinx CFO, succeeds interim CFO Bob Halliday; Halliday stays as advisor.
- Hill receives $675k base salary, 135% target bonus, $2M sign-on bonus, and $8.5M in RSUs.
- RSUs vest in three equal installments on Apr 1 of 2023, 2024, 2025 subject to continued employment.
- Sign-on bonus subject to full or pro-rata repayment if Hill resigns or is terminated for cause within two years.
- Hill brings 25 years of semiconductor finance experience from Intel and Xilinx.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6951/000119312522067015/0001193125-22-067015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6951/000119312522067015/d580796d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-067015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer