Applied Materials (AMAT) Proxy Filing summary

Executive summary

• Achieved record revenue of $28.4 billion and record GAAP EPS of $8.66 in fiscal 2025, marking the sixth consecutive year of growth, with annualized revenue and EPS growth rates of 12% and 20% respectively.

• Strengthened product portfolio, streamlined organization, and advanced strategic initiatives, including the construction of the EPIC Center, set to begin operations in 2026.

• Outperformed the S&P 500 and compensation peers in total shareholder return over the past five years.

• Focused on inflection-driven innovation, co-innovation with customers, and leadership in energy-efficient computing and sustainability.

Voting matters and shareholder proposals

• Shareholders will vote on: (1) election of ten directors for a one-year term, (2) advisory approval of executive compensation for fiscal 2025, and (3) ratification of KPMG LLP as independent auditor for fiscal 2026.

• Board recommends voting FOR all director nominees, FOR executive compensation, and FOR auditor ratification.

Board of directors and corporate governance

• Board comprises 10 directors, 90% independent, with diverse backgrounds and expertise in technology, finance, global business, and sustainability.

• Regular board refreshment, annual evaluations, and robust succession planning; two new directors added in the last five years.

• Shareholder rights include proxy access, right to call special meetings, act by written consent, and majority voting for directors.

• No poison pill or supermajority vote requirements; strong stock ownership guidelines for directors and executives.