Advanced Energy Industries, Inc. (NASDAQ:AEIS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 25, 2017, Thomas Liguori, Executive Vice President and Chief Financial Officer of Advanced Energy Industries, Inc. (the “Company”), notified the Company that he is resigning effective January 26, 2018 to pursue another opportunity. Mr. Liguori will assist in the transition of responsibilities until his departure date while the Company conducts a formal search for a new Chief Financial Officer. There are no issues involving the Company’s financial statements, internal controls or financial reporting procedures that led to Mr. Liguori’s departure.
Tom McGimpsey, currently the Company’s Executive Vice President and General Counsel, will assume the additional role of Chief Financial Officer on an interim basis effective upon Mr. Ligouri’s departure. Mr. McGimpsey, age 55, joined the Company in2009 as Vice President and General Counsel, was promoted to Executive Vice President of Corporate Development and General Counsel in 2011 and held the corporate development position until mid-2015.
On December 28, 2017, the Company issued a press release regarding these matters.
Item 9.01 Financial Statements and Exhibits.
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Exhibit Number |
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Press release, dated December 28, 2017.
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ADVANCED ENERGY INDUSTRIES INC ExhibitEX-99.1 2 pressreleasedateddecember2.htm EXHIBIT 99.1 Exhibit Press ReleaseAdvanced Energy Announces Departure of Chief Financial Officer; Appoints Interim CFOFort Collins,…To view the full exhibit click here
About Advanced Energy Industries, Inc. (NASDAQ:AEIS)
Advanced Energy Industries, Inc. provides precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions, used in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement. It operates through Precision Power segment. Its process power products enable manufacturing processes that use thin films for various products, such as semiconductor devices, flat panel displays, thin film renewables, hard and industrial coatings and architectural glass. It also supplies power control modules for controlling thermal processes, and thermal instrumentation products for temperature measurement, both of which provide solutions for thin film semiconductor, thin film industrial and heavy industry. Its remote plasma sources are used in the thin films processing industries and in gas abatement applications.
