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Applied Materials | 8-K: Applied Materials Appoints Adam Sanders as Vice President, Corporate Controller and Chief Accounting Officer

SEC announcement ·  Feb 29 22:49
Summary by Moomoo AI
Applied Materials, Inc., a leading company in the semiconductor industry, announced the appointment of Adam Sanders as the new Vice President, Corporate Controller, and Chief Accounting Officer, effective March 4, 2024. Sanders, who has been with Applied since 1999 and most recently served as the Semiconductor Segment Group CFO, will succeed Charles Read, the interim principal accounting officer since December 2023. Sanders' new role will come with an annual base salary of $340,000, a target bonus of 50% of his base salary for fiscal year 2024, and a long-term incentive of restricted stock units valued at $400,000, which will vest over a set schedule starting April 1, 2025. The appointment is part of Applied Materials' ongoing efforts to strengthen its leadership team and comes without any reported related person transactions or family relationships between Sanders and other company executives.
Applied Materials, Inc., a leading company in the semiconductor industry, announced the appointment of Adam Sanders as the new Vice President, Corporate Controller, and Chief Accounting Officer, effective March 4, 2024. Sanders, who has been with Applied since 1999 and most recently served as the Semiconductor Segment Group CFO, will succeed Charles Read, the interim principal accounting officer since December 2023. Sanders' new role will come with an annual base salary of $340,000, a target bonus of 50% of his base salary for fiscal year 2024, and a long-term incentive of restricted stock units valued at $400,000, which will vest over a set schedule starting April 1, 2025. The appointment is part of Applied Materials' ongoing efforts to strengthen its leadership team and comes without any reported related person transactions or family relationships between Sanders and other company executives.
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