KLA EVP & CSO Donzella to transition to part-time senior advisor effective Apr 14, 2025

KLA CORP

Oreste Donzella will serve as Chief Strategy Officer until April 13, 2025, then become a part-time senior advisor through August 16, 2026.
During the advisor period, he receives $125,000 annualized base salary and continued equity vesting, but no bonus or new equity grants.
Severance of $7M if terminated before Aug 5, 2025, or $3.5M if terminated on/after Aug 5, 2025 but before Aug 6, 2026.
Advisor agreement signed Nov 15, 2024; Donzella continues to be bound by proprietary information and restrictive covenant agreements.

item 5.02

Executive movements

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Role change

Oreste Donzella

part-time senior advisor

KLAC · KLA CORP

Effective: 2025-04-14
Filed: November 15, 2024, 6:59 PM ET

On November 15, 2024, KLA Corporation (the “Company”) and Oreste Donzella, Executive Vice President and Chief Strategy Officer, agreed that Mr. Donzella will transition to the role of part-time senior advisor to the Company beginning on April 14, 2025

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Oreste Donzella changed role as part-time senior advisor at KLA CORP.

Action: transition
Role: part-time senior advisor

Exact text from the filing

On November 15, 2024, KLA Corporation (the “Company”) and Oreste Donzella, Executive Vice President and Chief Strategy Officer, agreed that Mr. Donzella will transition to the role of part-time senior advisor to the Company beginning on April 14, 2025

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KLA CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-259842

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