K1P007 is a "container" hot fix that contains "member" hot fixes which will update your SAS software components.
See "What is a container hot fix?" in the SAS Hot Fix FAQ for more information on container and member hot fixes.
A manifest listing the contents of each of the following "member" hot fixes is available:
I8E010 manifest for SAS Threaded Kernel Core Routines 9.4_M7
I5V013 manifest for SAS Threaded Kernel 9.4_M7
I9R089 manifest for Base SAS 9.4_M7