Richard Wallace

Richard Wallace has built a distinguished career spanning decades in the semiconductor industry, beginning his journey at KLA in 1988 as an applications engineer. Over his extensive tenure, he progressed through roles with increasing responsibility, including serving as President and Chief Operating Officer before assuming the role of Chief Executive Officer in January 2006.

Throughout his career at KLA, he has demonstrated a deep understanding of the industry and played a pivotal role in shaping company strategy. His leadership saw him take on the additional responsibilities of President in November 2008, further solidifying his impact on the firm's growth and operational excellence.

Beyond his executive roles, Wallace has contributed significantly to industry groups and academic circles, sharing his expertise through teaching at Santa Clara University and serving on various high-profile boards. His continued involvement in both professional and educational arenas underscores a commitment to advancing the semiconductor field and nurturing the next generation of industry leaders.

Non-Equity Incentive Plan Compensation

For fiscal year 2024, the Non-Equity Incentive Plan Compensation is based on performance metrics that include Operating Margin Dollars and Balanced Scorecard measures. The established payout levels are as follows:

• Threshold: $520,312
• Target: $1,734,375
• Maximum: $3,468,750

For the 2023 Bonus Plan (which was based on actual performance during calendar year 2023), the bonus achievement multiplier was 100% with a payout multiple of 118% resulting in an actual bonus payout of $1,978,769.

*Note: The detailed metrics and payouts for the 2024 Bonus Plan will be determined at the conclusion of calendar year 2024 and are not yet available. *

Equity Incentive Plan Awards