Lam Research Corporation filed an 8-K with the U.S. Securities and Exchange Commission on August 27, 2026, disclosing that two members of its Board of Directors notified the company of their decisions to retire effective November 2, 2026.

Key Highlights

  • Two directors retiring: Sohail U. Ahmed and Michael R. Cannon each notified the Board of their decisions to retire, effective November 2, 2026.
  • Board size reduction: The Board will decrease from 12 to 10 directors upon the retirements taking effect.
  • Ahmed's tenure: Mr. Ahmed served on the Board for approximately seven years, including time on the audit, compensation and human resources, and innovation and technology committees.
  • Cannon's tenure: Mr. Cannon served on the Board for approximately 16 years, including 12 years on the audit committee and seven years as chair of the nominating and governance committee.
  • Filing signed by: Ava A. Harter, Senior Vice President and Chief Legal Officer, signed the filing on August 27, 2026.

Board Composition Change at Lam Research Following Dual Director Retirements

According to the filing, Sohail U. Ahmed and Michael R. Cannon each notified the Board of Directors of Lam Research Corporation (NASDAQ:LRCX) on August 24, 2026, of their respective decisions to retire from the Board. Both retirements are scheduled to take effect on November 2, 2026, at which point the company disclosed that the Board's size will be reduced from 12 to 10 directors.

The filing details Mr. Ahmed's approximately seven-year service on the Board, during which he served two years each on the audit committee, the compensation and human resources committee, and the innovation and technology committee. Mr. Cannon's tenure spans approximately 16 years, according to the filing, which notes his 12 years on the audit committee, four years on the compensation and human resources committee, and 15 years on the nominating and governance committee, including seven years as chair of that committee.

The filing states that "the Board and the Company's management express their sincere appreciation to Messrs. Ahmed and Cannon for their dedicated service and many significant contributions to the Company." No replacements or new director appointments were announced in connection with the retirements. The filing was submitted under Item 5.02, covering departures and appointments of directors or certain officers.

What Was Disclosed

Lam Research disclosed the planned retirements of two long-serving board directors, Sohail U. Ahmed and Michael R. Cannon, effective November 2, 2026, and confirmed the Board will shrink from 12 to 10 members as a result.