LAM RESEARCH CORP

This proposal asks the company to amend its governing documents to let holders of a combined 10% of outstanding common stock (and to permit an easy-to-convene online meeting) to call a special shareholder meeting. The proponent argues the current standards — a 20% ownership threshold and a disqualification clause — make shareholder-called special meetings effectively unattainable. The proposal cites prior votes at other companies and contends that lower thresholds would make the right to call a special meeting attainable for significant stockholders. It also highlights that the requested 10% threshold would align with the proponent’s view of state law and expand stockholder ability to convene urgent or extraordinary matters between annual meetings.