Lam Research Announces Retirement of Two Board Members

Lam Research Corp. (CIK: 0000707549) filed a Form 8-K to announce the retirement of two members from its Board of Directors, Sohail U. Ahmed and Michael R. Cannon. The company was notified of their decisions on August 24, 2026, with the retirements becoming effective on November 2, 2026.

• Michael R. Cannon: Retiring after approximately 16 years of service. He held significant roles, including 12 years on the audit committee and 15 years on the nominating and governance committee, serving as its chair for seven years.
• Sohail U. Ahmed: Retiring after approximately seven years of service, during which he served on the audit, compensation and human resources, and innovation and technology committees.

Following their departure, the size of the Board will be reduced from 12 to 10 directors. The departure of two experienced directors, particularly a long-tenured committee chair, marks a notable change in the company's governance leadership.