8-K
filed November 4, 2022, 7:59 PM ET
ticker KLAC
CIK 0000319201
other material
confidence high
sentiment neutral
materiality 0.40
KLA declares $1.30 quarterly dividend; shareholders re-elect all directors and reject climate proposal
KLA CORP
- Declared quarterly cash dividend of $1.30 per share, payable Dec 1, 2022 to holders of record Nov 15, 2022.
- All 10 board nominees elected with 72%-93% of votes cast; Kevin Kennedy received lowest support at 73%.
- Stockholders ratified PwC as auditor for FY2023 with 122.3M for, 6.7M against; non-binding say-on-pay approved with 110.8M for.
- Shareholder proposal on net zero targets and climate transition planning rejected with 88.7M against vs 30.4M for.
- Bylaws amended to strengthen advance notice requirements, comply with universal proxy rules, and designate federal courts for Securities Act claims.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
KLA CORP: Amendments to Amended and Restated By-Laws revising advance notice disclosure requirements, director nomination limits, background information requirements, universal proxy rules, and forum selection provision (effective 2022-11-03).
- Change
- bylaw amendment
- Effective
- 2022-11-03
Exact text from the filing
On November 3, 2022, the Board of Directors (the “Board”) of KLA Corporation (the “Company”) approved and adopted amendments to the Amended and Restated By-Laws of the Company (as so amended, the “By-laws”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLA CORP shareholders approved Ratification of appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm at the 2022-11-02 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-11-02
Exact text from the filing
The stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLA CORP shareholders rejected Stockholder proposal requesting report regarding net zero targets and climate transition planning at the 2022-11-02 meeting.
- Outcome
- failed
- Meeting
- 2022-11-02
Exact text from the filing
The stockholders did not approve a stockholder proposal requesting the Board to issue a report regarding net zero targets and climate transition planning, as disclosed in the Proxy Statement for the 2022 Annual Meeting.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLA CORP shareholders approved Election of ten director nominees at the 2022-11-02 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-11-02
Exact text from the filing
The Company held its 2022 annual meeting of stockholders (the “2022 Annual Meeting”) on November 2, 2022.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
KLA CORP shareholders approved Non-binding advisory approval of named executive officer compensation at the 2022-11-02 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2022-11-02
Exact text from the filing
The stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers, as disclosed in the Proxy Statement for the 2022 Annual Meeting.
View on SEC.gov
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