8-KFiling Date: Aug 27, 2026

Applied Materials (AMAT)

Executive Change, Reg FD Disclosure, Financial Statements

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ACC: 0001628280-26-059257

Event Type

Executive ChangeReg FD DisclosureFinancial Statements

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Event Description

Item 5.02. Executive Change

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On August 27, 2026, Applied Materials, Inc. elected Akash Palkhiwala to its Board of Directors and the Board's Audit Committee, effective immediately. As a non-employee director, he will receive a prorated annual retainer of $100,000, an additional prorated annual retainer of $25,000 for Audit Committee service, and a grant of restricted stock units valued at $250,000, prorated and scheduled to vest on March 1, 2027, subject to continued service. Mr. Palkhiwala will enter into the Company's standard director indemnification agreement, with no arrangements or understandings regarding his election and no disclosable material interests in transactions under Item 404(a).

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On August 27, 2026, the Board of Directors (the Board ) of Applied Materials, Inc. ( Applied or the Company ) elected Akash Palkhiwala to the Board and the Board s Audit Committee, effective immediately. Mr. Palkhiwala will receive the standard compensation payable to non-employee directors of the Board, consisting of (1) an annual retainer of $100,000 (prorated based on his service during the fiscal year), (2) an additional annual retainer of $25,000 for his service on the Audit Committee (prorated based on his service during the fiscal year) and (3) an automatic grant of a number of restricted stock units equal to $250,000, divided by the market value of Applied common stock on the date of his appointment, and prorated based on the period beginning on the date of Mr. Palkhiwala s appointment and ending on the scheduled date of the Company s 2027 Annual Meeting of Shareholders. The restricted stock units are scheduled to vest in full on March 1, 2027, subject to Mr. Palkhiwala s continued service as a director through that date. Mr. Palkhiwala will enter into the Company s standard form of directors indemnification agreement with Applied, pursuant to which the Company agrees to indemnify its directors to the fullest extent permitted by applicable law and subject to certain conditions to advance expenses in connection with proceedings as described in the indemnification agreement. There are no arrangements or understandings between Mr. Palkhiwala and any other persons pursuant to which he was elected as a director. Mr. Palkhiwala has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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Item 7.01. Reg FD Disclosure

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On August 27, 2026, Applied Materials, Inc. issued a press release announcing the appointment of Akash Palkhiwala to its board of directors, effective that date. Palkhiwala, who serves as Chief Financial Officer and Chief Operating Officer of Qualcomm Incorporated, was also appointed to the board’s Audit Committee. The disclosure was furnished under Item 7.01 as Exhibit 99.1.

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Item 7.01 Regulation FD Disclosure. Applied s press release, dated August 27, 2026, announcing the election of Mr. Palkhiwala to the Board is attached hereto as Exhibit 99.1. The information in this

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EX-99.1ex991pr.htm1,916 charsexpand_more

EX-99.1 2 ex991pr.htm EX-99.1 DocumentExhibit 99.1 Applied Materials Appoints Akash Palkhiwala to Board of Directors SANTA CLARA, Calif., Aug. 27, 2026 Applied Materials, Inc. today announced the appointment of Akash Palkhiwala to serve on its board of directors. As Chief Financial Officer and Chief Operating Officer of Qualcomm Incorporated, Mr. Palkhiwala brings extensive financial and operational leadership experience in the computing and technology industry. Mr. Palkhiwala has also been appointed to the board s Audit Committee. Akash is a terrific addition to our board of directors, said Tom Iannotti, Chairman of the Board. His track record of leadership in finance and decades of experience in the semiconductor industry will add to the strength of Applied Materials board and serve us well in our next phase of growth. Mr. Palkhiwala has served as Qualcomm s CFO since 2019 and COO since 2024 and is responsible for the finance organization, global go-to-market teams, semiconductor operations and IT. He has also served in various finance leadership roles since joining Qualcomm in 2001. Previously, Mr. Palkhiwala was a private equity analyst at KeyBank.Mr. Palkhiwala holds an undergraduate degree in mechanical engineering from L.D. College of Engineering in India and an MBA from the University of Maryland.About Applied MaterialsApplied Materials, Inc. (Nasdaq AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.# # #Contact Ricky Gradwohl (editorial media) 408.235.4676Mike Sullivan (financial community) 408.986.7977

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Event Description

Item 9.01. Financial Statements

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Item 9.01 lists Exhibits 99.1 (Press Release issued by Applied Materials, Inc., dated August 27, 2026) and 104 (Cover Page Interactive Data File formatted as inline XBRL). The registrant, Applied Materials, Inc., dated the report August 27, 2026, and it was signed by Teri A. Little, Senior Vice President, Chief Legal Officer and Corporate Secretary.

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Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release issued by Applied Materials, Inc., dated August 27, 2026 104 Cover Page Interactive Data File (formatted as inline XBRL) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Applied Materials, Inc. (Registrant) Date: August 27, 2026 By: /s/ Teri A. Little Teri A. Little Senior Vice President, Chief Legal Officer and Corporate Secretary

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Deep Analysis

Applied Materials (AMAT) added Qualcomm CFO/COO Akash Palkhiwala to its board and Audit Committee under Item 5.02 — a routine governance appointment with no operational or financial impact.

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