On August 25, 2015, Grant M. Inman, a member of the board of directors and the lead independent director of Lam Research Corporation and William R. Spivey, a member of the board of directors of the company, notified the company that they are retiring from their positions with the company effective as of November 2, 2015. In connection with the retirements, the board of directors reduced its size from eleven to nine members effective immediately prior to the 2015 annual meeting of stockholders and appointed Abhijit Y. Talwalkar as lead independent director effective as of August 27, 2015.