Applied Materials Executive Officer Salary Adjustments Effective December 17, 2007
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Summary
Applied Materials, Inc.'s Human Resources and Compensation Committee approved new annual base salaries for its named executive officers, effective December 17, 2007. The officers affected include the President and CEO, CFO, and several Senior and Executive Vice Presidents. Each officer received an increase in their base salary, with the new amounts specified for each role. This adjustment reflects the company's decision to raise executive compensation at that time.
EX-10.56 3 f38416exv10w56.htm EXHIBIT 10.56 exv10w56
Exhibit 10.56
Adjustments to Executive Officer Salaries
On December 10, 2007, the Human Resources and Compensation Committee of the Board of Directors of Applied Materials, Inc. (“Applied”) approved the following annual base salaries for Applied’s named executive officers, effective December 17, 2007:
| Executive Officer | Salary | |||
Michael R. Splinter, President, Chief Executive Officer | $ | 980,000 | ||
George S. Davis, Senior Vice President, Chief Financial Officer | $ | 513,000 | ||
Franz Janker, Executive Vice President, Sales and Marketing | $ | 594,000 | ||
Manfred Kerschbaum, Senior Vice President, General Manager Applied Global Services | $ | 504,400 | ||
Mark R. Pinto, Senior Vice President, Chief Technology Officer and General Manager Energy and Environmental Solutions | $ | 550,000 | ||
Thomas St. Dennis, Senior Vice President, General Manager Silicon Systems Group | $ | 514,100 | ||
Each salary shown above represents an increase from the prior level.
