Lam Research Corporation · NASDAQ:LRCX
Lam Research — Shareholder Meeting (September 2025)
17 slides from Lam Research's shareholder meeting presentation, Sep 24, 2025
Slide 1: 2025 Stockholder Outreach Presentation
2025 Stockholder Outreach Presentation
Slide 2: Cautionary statement regarding forward-looking statements
Cautionary statement regarding forward-looking statements This presentation and the accompanying discussion contain “forward-looking statements” under U.S. securities laws. Forward-looking statements include any statements that are not statements of historical fact. Examples of forward-looking state
Slide 3: We request your support at the 2025 Annual Meeting
We request your support at the 2025 Annual Meeting Proposal #1 FOR the election of each of the 11 Director nominees Proposal #2 FOR the advisory vote to approve the compensation of our named executive officers, or “Say on Pay” Proposal #3 FOR the approval of the adoption of the Lam 2025 Stock Incent
Slide 4: Key 2025 Annual Meeting themes
Key 2025 Annual Meeting themes Vote FOR Election of Directors Our board members possess deep and diverse skills and experience necessary to provide effective oversight. Our Board has an appropriate balance of tenure, backgrounds, skills, and experiences to meet the needs of the Company and the Board
Slide 5: Performance overview – fiscal year 2025
$18.44 billion Revenue $4.15 Diluted earnings per share $2.10 billion Research & Development (R&D) expenses 32.0% Operating margin $6.17 billion Operating cash flows $3.31 billion Share repurchases $1.15 billion Dividends paid Record financial results with continued focus on R&D investments to exten
Slide 6: We focus on outperformance and delivering value to our stockholders
We focus on outperformance and delivering value to our stockholders Share repurchase $B Dividends per share* SECULAR DEMAND Driving sustainable growth INSTALLED BASE STABILITY Providing foundation for growth Served Available Market EXPANSION Disrupting markets with new technology MARKET SHARE GROWTH
Slide 7: Our board members possess deep and broad skills and experience
Our board members possess deep and broad skills and experience necessary to provide effective oversight Sohail U. Ahmed Former Senior Vice President and General Manager, Technology and Manufacturing Group Intel Corporation Director since 2019 Age 67 Abhijit Y. Talwalkar Chair Former President and CE
Slide 8: Our Board has good governance, balanced composition and tenure
Our Board has good governance, balanced composition and tenure, and is continuously refreshed to ensure effectiveness 2025 key governance changes We amended our bylaws to permit stockholders who have owned, in the aggregate, at least 20% of the outstanding shares of our common stock continuously for
Slide 9: Annual Incentive Program and Corporate Scorecard
Corporate Scorecard Weighted Achievement (80%) = ( + ) x Element Purpose/Design How Paid Performance metrics Base Salary Provide competitive compensation to attract and retain top talent Cash We seek to ensure that our base salary levels are competitive in reference to peer group practice and market
Slide 10: Long-Term Incentive Program
Design Attract and retain top talent Provide competitive compensation Align pay with achievement of business objectives and stock performance over a multi-year period Reward outstanding company performance Create stockholder value over the long-term Program overview Multi-year target opportunity (th
Slide 11: 2025 Lam Stock Incentive Plan
2025 Lam Stock Incentive Plan We are requesting approval for our new 2025 Stock Incentive Plan to enable us to attract, retain, and reward top talent in the high-demand industries in which we compete for talent, while creating strong alignment of interest between employees and stockholders. Lam’s cu
Slide 12: 2025 Lam Stock Incentive Plan highlights
2025 Lam Stock Incentive Plan highlights KEY TERM SUMMARY Share reserve 96.8 million new shares available for issuance under the 2025 Plan plus shares that remain available for grants under the 2015 Plan immediately prior to the plan expiration, and any shares that would otherwise return to the 2015
Slide 13: Stockholder proposal
Stockholder proposal The proposal requests lowering the special meeting threshold from 20% to 10% and removing the one-year holding period requirement. Our Board recommends AGAINST the proposal because: Under our existing bylaws, stockholders have a meaningful right to call a special meeting, which
Slide 14: Global impact
Global impact
Slide 15: ESG governance
ESG governance Lam’s ESG governance structure and primary responsibilities
Slide 16: Achieving our goals
10% 97.5% ESG Focus* 2025 goal % to GOAL 2024 progress Top direct supplier ESG compliance 90% 99% Recordable injury rate ≥0.4 0.28 Water savings from 2019 80M gallons 80.6M gallons Hazardous waste to landfill Zero waste to landfill 99.9% Energy savings from 2019 12M kWh 11.7M kWh Volunteer hours 40,
Slide 17: Slide 17