UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 16, 2006
LAM RESEARCH CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or Other Jurisdiction of Incorporation)
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0-12933
(Commission File Number)
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94-2634797
(IRS Employer Identification Number) |
4650 Cushing Parkway
Fremont, California 94538
(Address of principal executive offices including zip code)
(510) 572-0200
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
Item 1.01. Entry into a Material Definitive Agreement.
Adoption of Executive Incentive Plan Performance Goals for the First Half of Calendar Year 2006
On February 16, 2006, the Compensation Committee (the “Committee”) of the Board of Directors
of Lam Research Corporation (the “Company”) established corporate performance goals for the first
half of its calendar year 2006 incentive plan (the “Plan”) for its named executive officers other
than the Chief Executive Officer and Executive Chairman. The Plan provides for the payment of
incentive bonuses upon achievement of certain corporate, organizational and individual performance
objectives. The corporate performance objective is based on the Company’s operating profit. Each
officer was assigned a target percentage of his or her base salary for the period, and the
calculated incentive amounts may range from zero to 2.25 times the target amounts based on the
achievement of the specified performance objectives. The calculated bonus amounts will vary to the
extent that the actual performance exceeds or falls below performance targets. The amount of the
final incentive payments is subject to the discretion of the Committee and may vary from the
calculated incentive amount.