secwatch.observer — SEC 8-K summary
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Issuer:     KLA CORP (KLAC)
CIK:        0000319201
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001193125-24-259842
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/319201/000119312524259842/0001193125-24-259842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/319201/000119312524259842/d845718d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-259842

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