On August 14, 2017, KLA-Tencor Corporation implemented certain organizational changes that affected the duties and responsibilities of one of its named executive officers, Bobby Bell, who has assumed the newly created role of Chief Strategy Officer. In this new role, Mr. Bell will continue to report to the Chief Executive Officer, Richard Wallace, and will be responsible for ensuring that the Company has a comprehensive strategic planning process that addresses both its current markets as well as initiatives in new markets. Prior to assuming the new role, Mr. Bell was the Executive Vice President for the Company's Semiconductor Business Organization.