MICRON TECHNOLOGY INC

8-K · tm2617112d1_8k.htm iXBRL

0000723125

 2026-06-09
 2026-06-09

 iso4217:USD

 xbrli:shares

 iso4217:USD

 xbrli:shares

  

  

 UNITED
STATES

 SECURITIES
AND EXCHANGE COMMISSION

 Washington,
D.C. 20549

  
 FORM
 8-K

  

 CURRENT
REPORT

 Pursuant
to Section 13 or 15(d) of The Securities Exchange Act of 1934

  

 June
9, 2026

 Date of Report (date of earliest event reported)

  

  

  

 Micron
Technology, Inc.

 (Exact
name of registrant as specified in its charter)

  

 Delaware
  
 1-10658
  
 75-1618004

 (State or
 other jurisdiction of incorporation)
  
 (Commission
 File Number)
  
 (IRS
 Employer Identification No.)

  

 8000
South Federal Way

 Boise ,
 Idaho 83716-9632

  
 (Address
 of principal executive offices and Zip Code)
  

  

 (208)
 368-4000

  
 (Registrant’s
 telephone number, including area code)
  

  

 Check the appropriate
box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:

  

 ¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

  

 ¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

  

 ¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  

 ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))

  

 Securities
registered pursuant to Section 12(b) of the Act:

  

 Title
 of each class
  
 Trading  symbol
  
 Name
 of each exchange on which registered

 Common
 Stock, par value $0.10 per share
  
 MU
  
 Nasdaq
 Global Select Market

  

 Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).

  

 Emerging growth
company ¨

  

 If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

  

  

  

  

  

 Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

  

 On June 9, 2026, the Board of Directors (“Board”)
of Micron Technology, Inc. (the “Company”) appointed Alexis Black Björlin as a member of the Board. The Board has determined
that Dr. Björlin is an independent director under the applicable rules of the Nasdaq Stock Market LLC (the “Independence Rules”).
Following the appointment of Dr. Björlin, the Board will have a total of nine directors, of which eight are determined to be
independent under the Independence Rules. Dr. Björlin has also been appointed to the Governance and Sustainability Committee
of the Board.

  

 Dr. Björlin will participate in the Company’s
2025 Director Compensation Plan, which provides for cash and equity compensation for non-employee directors, including (i) pro rata portion
of a cash retainer of $125,000 for her service as a member of the Board and (ii) a grant on the date of her appointment equal to the pro
rata portion of the annual grant of restricted stock, valued at $250,000. Dr. Björlin will also enter into the Company’s
standard form of indemnification agreement.

  

 There is no arrangement or understanding between
Dr. Björlin and any other person pursuant to which she was selected as a director, and there is no family relationship between
Dr. Björlin and any of the Company’s other directors or executive officers. Dr. Björlin does not have a
direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
On June 9, 2026, the Company issued a press release announcing the appointment of Dr. Björlin as director. The press release
is attached as Exhibit 99.1 to this report.

  

 Item 9.01. Financial Statements and Exhibits.  

  

 (d) Exhibits. 

  

 Exhibit
No.  
  
 Description  

  
  
  

 99.1 
  
 Press Release dated June 9, 2026

  
  
  

 104 
  
 Cover Page Interactive Data File (embedded within the Inline XBRL document)   

  

  

  

 SIGNATURE

  

 Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  

  
  
 MICRON TECHNOLOGY, INC.

  
  
  
  

 Date:
 June 9, 2026
 By:
 /s/ Michael Ray

  
  
 Name:
 Michael Ray

  
  
 Title:
 Senior Vice President, Chief Legal Officer and Corporate Secretary