Applied Materials adds Qualcomm CFO Akash Palkhiwala to board and Audit Committee
Applied Materials elected Akash Palkhiwala, Chief Financial Officer and Chief Operating Officer of Qualcomm, to its board of directors and Audit Committee, effective August 27, 2026. The filing describes a standard non-employee director pay package, which does not change reported financial results, but the appointment adds a senior finance executive to the board's oversight.
Key points
- Palkhiwala receives a $100,000 annual director retainer plus a $25,000 annual retainer for Audit Committee service, both prorated for the fiscal year.
- He receives an automatic restricted stock unit grant valued at $250,000, prorated to the 2027 Annual Meeting, scheduled to vest in full on March 1, 2027.
- Palkhiwala has served as Qualcomm's CFO since 2019 and COO since 2024; Chairman Tom Iannotti called him a terrific addition.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.