Applied Materials Inc
10 nominees · 3 ballot items.
Elect ten directors; advisory approval of named executive officers’ compensation (‘say-on-pay’); ratify appointment of KPMG LLP as independent registered public accounting firm; and transact any other business properly before the meeting.
Follow how the vote landed and what changed on Applied Materials Inc’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
On the ballot3
- 1
Election of Directors
ManagementBoard: FORElection of ten director nominees to serve one-year terms until the next annual meeting or until their successors are elected.
- 2
Approval, on an Advisory Basis, of the Compensation of Our Named Executive Officers
ManagementBoard: FORNon-binding advisory vote to approve the compensation of the named executive officers for fiscal year 2025 as disclosed in the proxy statement.
More detail
This proposal asks shareholders to cast a non-binding advisory vote to approve the company’s executive compensation for fiscal 2025 as disclosed in the proxy statement. Management seeks shareholder approval to validate the Human Resources and Compensation Committee’s (HRCC) decisions on pay design—emphasizing performance-based compensation with substantial at-risk and equity components, including a shift in PSU metrics to 50% non-GAAP economic profit and 50% TSR for FY25 grants. The HRCC presents rationale that the program aligns pay with long‑term shareholder value, retention, and strategic objectives (including sustainability measures on the corporate scorecard). The board recommends a "FOR" vote, citing strong company performance (record revenue and EPS for FY25), rigorous goal-setting, robust governance practices (independent committee oversight, use of an independent compensation consultant), and prior shareholder support (91% in 2025). The non-binding nature means the board will consider results but is not legally required to change pay practices; the proposal functions as shareholder feedback on compensation alignment and governance. Potential investor concerns could include high CEO realized pay in absolute terms and the sensitivity of long-term awards to TSR and accounting adjustments; management’s response emphasizes rigorous goals, clawback and recoupment policies, and alignment of incentives with capital efficiency via economic profit metrics.
- 3
Ratification of the Appointment of Independent Registered Public Accounting Firm
ManagementBoard: FORRatify KPMG LLP as Applied Materials’ independent registered public accounting firm for fiscal year 2026.
Nominees on the ballot10
Top institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 6.5% | 51,577,799 | $17.6B |
| 2 | STATE STREET CORP | 4.7% | 37,506,950 | $12.8B |
| 3 | BlackRock, Inc. | 4.2% | 32,952,789 | $11.3B |
| 4 | Capital Research Global Investors | 3.7% | 29,455,424 | $10.1B |
| 5 | Invesco Ltd. | 3.1% | 24,322,087 | $8.3B |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 2.4% | 19,391,932 | $6.6B |
| 7 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.2% | 17,261,696 | $5.9B |
| 8 | BlackRock, Inc. | 2.1% | 16,830,548 | $5.8B |
| 9 | BlackRock, Inc. | 1.2% | 9,909,754 | $3.4B |
| 10 | VAN ECK ASSOCIATES CORP | 0.8% | 6,639,720 | $2.3B |
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Frequently asked questions
- When is the Applied Materials Inc 2026 annual meeting?
- Applied Materials Inc (AMAT) holds its 2026 annual shareholder meeting on Thursday, March 12, 2026.
- What is the record date for the Applied Materials Inc 2026 meeting?
- The record date for the Applied Materials Inc 2026 meeting is Wednesday, January 14, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Applied Materials Inc's 2026 meeting?
- The board is presenting 10 director nominees at the Applied Materials Inc 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Applied Materials Inc 2026 meeting?
- Shareholders will vote on 3 proposals at the Applied Materials Inc 2026 meeting, each tagged with who proposed it and the board's recommendation.
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