On January 24, 2024, Applied Materials, Inc announced that it has received a shareholder proposal from Kenneth Steiner request the preparation of a report, updated annually, disclosing: 1) Company policy and procedures governing lobbying, both direct and indirect, and grassroots lobbying communications, 2) Payments by Applied Materials used for (a) direct or indirect lobbying or (b) grassroots lobbying communications, in each case including the amount of the payment and the recipient, 3) Applied Materials? membership in and payments to any tax-exempt organization that writes and endorses model legislation., and 4) Description of management?s decision-making process and the Board?s oversight for making payments. In addition, the Company urged the shareholders to vote against the proposal at its annual general meeting of shareholders scheduled to be held on March 7, 2024.