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Get filing alertsLam Research board members Ahmed and Cannon to retire in November after 7 and 16 years
Filed August 27, 2026 · Period ending August 24, 2026 · ~1 min read
Key Changes
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Sohail U. Ahmed and Michael R. Cannon will retire from the board effective November 2, 2026, reducing board size from 12 to 10 directors.
Item 5.02 verify on EDGAR → -
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Ahmed served approximately 7 years across audit, compensation, and innovation committees.
Item 5.02 verify on EDGAR → -
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Cannon served approximately 16 years, including 12 on audit, 4 on compensation, and 15 on nominating and governance (7 as chair).
Item 5.02 verify on EDGAR →
Summary
Lam Research disclosed the planned retirement of two long-tenured board members. Sohail U. Ahmed and Michael R. Cannon notified the board on August 24, 2026, that they will retire effective November 2, 2026. Ahmed has served approximately seven years, contributing to the audit, compensation, and innovation committees.
Cannon has served approximately 16 years, with extensive committee experience including seven years as chair of the nominating and governance committee. The board will reduce from 12 to 10 directors following the retirements. This is a routine governance matter reflecting natural board refreshment after extended service. The filing does not indicate any disagreements or concerns. Investors should expect the company to address the committee composition changes and any succession planning in subsequent proxy materials.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 24, 2026, Sohail U. Ahmed and Michael R. Cannon each notified the Board of Directors (the “Board”) of Lam Research Corporation (the “Company”) of their respective decisions to retire from the Board, effective November 2, 2026. The size of the Board will be reduced from 12 to 10 directors effective upon the retirement of Messrs. Ahmed and Cannon.
Two directors, Sohail U. Ahmed and Michael R. Cannon, are retiring from the board effective November 2, 2026. Ahmed served approximately seven years across audit, compensation, and innovation committees. Cannon served approximately 16 years, including 12 years on audit, four on compensation, and 15 on nominating and governance (seven as chair). The board will shrink from 12 to 10 members.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 28, 2026 · How we verify