---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-254396"
form_type: "8-K"
ticker: "AMAT"
cik: "0000006951"
company_name: "APPLIED MATERIALS INC /DE"
filed_at: "2022-09-29T23:59:59+00:00"
generated_at: "2026-06-23T06:50:55.921613+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Applied Materials EVP Salehpour to retire Jan 6, 2023; $655K severance, equity forfeiture

## Summary
- Ali Salehpour, SVP Services/Display, will retire effective Jan 6, 2023; will serve as Advisor to CEO through that date.
- Separation agreement provides lump-sum cash severance of $655,000 payable on one-year anniversary of separation.
- Company will pay additional lump sum equal to ~18 months COBRA premiums for Salehpour and dependents.
- Unvested equity awards beyond retirement acceleration provisions will be permanently forfeited.
- Salehpour remains eligible for fiscal 2022 bonus with management recommending 1.0 individual multiplier.

## SEC filing metadata
- accession: 0001193125-22-254396
- form_type: 8-K
- ticker: AMAT
- cik: 0000006951
- company_name: APPLIED MATERIALS INC /DE
- filed_at: 2022-09-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6951/000119312522254396/0001193125-22-254396-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6951/000119312522254396/d375091d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-254396
- JSON: https://secwatch.observer/filing/0001193125-22-254396.json
- Plain text: https://secwatch.observer/filing/0001193125-22-254396.txt

## Key facts
- Executive change
  Ali Salehpour departed as Senior Vice President, Services, Display and Flexible Technology at APPLIED MATERIALS INC /DE.
  - Action: retire
  - Role: Senior Vice President, Services, Display and Flexible Technology
  source text: Ali Salehpour, then Senior Vice President, Services, Display and Flexible Technology of Applied Materials, Inc. (“Applied” or the “Company”), notified Applied of his intent to retire from the Company in January 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/6951/000119312522254396/0001193125-22-254396-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.