secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED MATERIALS INC /DE (AMAT)
CIK:        0000006951
Form:       8-K
Filed at:   2022-09-29T23:59:59+00:00
Accession:  0001193125-22-254396
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/6951/000119312522254396/0001193125-22-254396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/6951/000119312522254396/d375091d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-254396

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