Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · Lam Research (LRCX)

Lam Research adds Cadence CEO Anirudh Devgan to board; COO Pat Lord to retire

Neutral Impact 3 of 5 leadership Written later

Lam Research appointed Cadence Design Systems CEO Anirudh Devgan as a director effective February 3, 2026, increasing the board size by one. The company also said Chief Operating Officer Patrick J. Lord will retire effective March 6, 2026, and Seshasayee Varadarajan will succeed him as executive vice president and chief operating officer on the same date.

Key points

  • Anirudh Devgan, Ph.D., age 56, appointed to the board effective February 3, 2026, and joined the Innovation and Technology Committee
  • Devgan is CEO and a board member of Cadence Design Systems, Inc., and has been its president since November 2017
  • Patrick J. Lord, Ph.D., retiring as chief operating officer effective March 6, 2026; he notified the company on January 30, 2026
  • Seshasayee (Sesha) Varadarajan, age 51, named executive vice president and chief operating officer effective March 6, 2026

The filing

CompanyLam Research (LRCX)
Form8-K, current report
Filed with the SECFeb 3, 2026, 4:13 PM ET
Accession number0000707549-26-000012

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing 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 February 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.