On August 23, 2022, Ali Salehpour, then Senior Vice President, Services, Display and Flexible Technology of Applied Materials, Inc. (Applied or the Company), notified Applied of his intent to retire from the Company in January 2023. On September 23, 2022, the Company and Mr. Salehpour entered into a separation agreement and release in connection with his retirement from the Company. Pursuant to the terms and conditions of the Agreement and until his separation, Mr. Salehpour will serve as an Advisor to the Company's Chief Executive Officer.