Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: Proud_Infidel who wrote (20646)	9/13/2006 6:56:22 PM
From: Proud_Infidel	Read Replies (1) of 25522

Applied Materials adopts majority voting policy for board Katherine Hunt Last Update: 5:42 PM ET Sep 13, 2006 SAN FRANCISCO (MarketWatch) -- Applied Materials Inc. after Wednesday's closing bell said it has amended its corporate governance guidelines to implement a majority voting policy for electing directors. "Today's action increases our Board's accountability to our stockholders by formalizing the consequences in the event a director receives a majority of withheld votes," said Applied Materials Chief Executive Mike Splinter in a statement. Directors at the Santa Clara, Calif.-based chip equipment maker are currently elected to serve 1-year terms.

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