Lam Research CEO Timothy Archer's 2020 pay slips 14% to $11.8M

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, five executives at Lam Research received on average a compensation package of $5.1M, a 4% decrease compared to previous year.
Average pay of disclosed executives at Lam Research
Timothy M. Archer, Chief Executive Officer, received $11.8M in total, which decreased by 14% compared to 2019. 71.05% of Archer's compensation, or $8.4M, was in stock awards. Archer also received $1.5M in non-equity incentive plan, $923.4K in option awards, $1M in salary, as well as $11.1K 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. 61.08% 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.
Lam Research's fiscal year ends on June 28.

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

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Source: SEC filing on September 23, 2020.