AMAT Filings — Applied Materials Inc /de - FilingSpy
AMAT
Applied Materials Inc /de
A maker of the machines that build microchips, Applied Materials engineers the equipment and software used to fabricate nearly every chip in the world, from smartphone processors to memory chips, selling to foundries and memory makers. Founded in 1967 by Michael McNeilly, it began by supplying the specialized tools that chipmakers once built for themselves, and its name reflects its original job of "applying" chemical materials to silicon wafers—even its early logo featured a flask. Based in Santa Clara, it is one of the world's largest semiconductor equipment companies, with its tools supporting everything from transistors to advanced packaging.
Applied Materials elects Akash Palkhiwala to its Board and Audit Committee, effective August 27, 2026.
He will receive standard non-employee director compensation: $100,000 annual retainer, $25,000 Audit Committee retainer, and $250,000 in restricted stock units vesting March 1, 2027.
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Akash Palkhiwala, CFO and COO of Qualcomm, was elected to the Applied Materials Board and Audit Committee on August 27, 2026.
Palkhiwala will enter into the company's standard directors' indemnification agreement.
No arrangements or material interests were disclosed in connection with his election.
A press release announcing the appointment was furnished as Exhibit 99.1.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Applied Materials settles BIS export controls inquiry for $252.5 million
Applied Materials entered into a settlement agreement with the U.S. Commerce Department's Bureau of Industry and Security (BIS) on February 11, 2026.
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The settlement resolves BIS allegations that certain customer shipments to China between November 2020 and July 2022 did not comply with U.S. Export Administration Regulations.
Applied Materials agreed to pay $252.5 million to BIS in a one-time payment.
The company also agreed to conduct internal audits of its export controls compliance program and maintain export compliance training and reporting mechanisms.
The U.S. Department of Justice and the SEC have closed their related investigations without taking any enforcement action.
7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits