Lam Research CEO Timothy Archer's 2020 pay slips 14% to $12M
Lam Research reports 2020 executive compensation
By ExecPay News
Published: September 23, 2020
Lam Research reported fiscal year 2020 executive compensation information on September 23, 2020.
In 2020, six executives at Lam Research received on average a compensation package of $4.7M, a 11% decrease compared to previous year.
Average pay of disclosed executives at Lam Research
Timothy M. Archer, Chief Executive Officer, received $12M in total, which decreased by 14% compared to 2019. 71% of Archer's compensation, or $8.4M, was in stock awards. Archer also received $1.5M in non-equity incentive plan, $923K in option awards, $1M in salary, as well as $11K in other compensation.
For fiscal year 2020, the median employee pay was $104,541 at Lam Research. Therefore, the ratio of Timothy M. Archer's pay to the median employee pay was 112 to one.
Douglas R. Bettinger, Chief Financial Officer, received a compensation package of $4M, which decreased by 66% compared to previous year. 61% of the compensation package, or $2.4M, was in stock awards.
Richard A. Gottscho, Chief Technology Officer, earned $3.6M in 2020, a 1% increase compared to previous year.
Patrick J. Lord, Executive Vice President, Customer Support Business Group and Global Operations, received $3.3M in 2020, which increases by 19% compared to 2019.
Seshasayee Sesha Varadarajan, Senior Vice President and General Manager, Deposition Business Unit, earned $3M in 2020, a 18% increase compared to previous year.
Vahid Vahedi, Senior Vice President and General Manager, Etch Business Unit, received $2.9M in 2020, which increases by 18% compared to 2019.
Lam Research's fiscal year ends on June 26.
Related executives
Timothy Archer
Lam Research
Chief Executive Officer
Douglas Bettinger
Lam Research
Chief Financial Officer
Richard Gottscho
Lam Research
Chief Technology Officer
Patrick Lord
Lam Research
Executive Vice President, Customer Support Business Group and Global Operations
Seshasayee Varadarajan
Lam Research
Senior Vice President and General Manager, Deposition Business Unit
Vahid Vahedi
Lam Research
Senior Vice President and General Manager, Etch Business Unit
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Source: SEC filing on September 23, 2020.