SiliconBeat

Ray Bingham quit the board of KLA-Tencor Wednesday, effective immediately, according to an 8-K filing the company made Thursday in which no reason was given. He apparently becomes the first beneficiary of a policy adopted by the board in February that allows directors in “good standing and with at least two full terms of Board service” to speed up the vesting of his unvested restricted stock on a prorated basis for his partial year of service.

That means Bingham will now be entitled to receive nearly half of a $100,000 restricted stock award given to KLA’s directors at its last annual meeting on Nov. 15 that previously would have only vested after a year of continuous service.

KLA also named two new people to its board: Kiran Patel, a senior vice president at Intuit in charge of its consumer tax group, and Bob Adkins, a co-founder and chief executive of Cymer, a supplier of photolithography systems used to make semiconductors.