Axcelis Technologies,Inc. (NASDAQ:ACLS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k

7 years ago

Axcelis Technologies,Inc. (NASDAQ:ACLS) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)Patrick H. Nettles retired from the Board of Directors of Axcelis Technologies,Inc. (the “Company”) at the 2018 annual meeting of stockholders of the Company held on May16, 2018.

Item 5.07. Submission of Matters to a Vote of Security Holders.

The 2018 annual meeting of stockholders of the Company was held at the offices of the Company at 108 Cherry Hill Drive, Beverly, Massachusetts on May16, 2018. Out of 32,134,166 shares of Common Stock (as of the record date of March19, 2018) entitled to vote at the meeting, 29,262,816 shares, or 91.06%, were present in person or by proxy.

1. At the Annual Meeting, each of the eight nominees for election as directors received the number of votes set opposite the nominee’s name, constituting a plurality of the votes cast, and therefore such nominee has been duly elected as a director of the Company:

Proposal 1

Proposaltoelectthefollowing	NumberofVotes	Percentageof
nomineesasadirector	For	Withheld	BrokerNon-Votes	TotalVotedFor
1. Tzu-Yin Chiu	24,726,478	36,549	4,499,619	99.85	%
2. Richard J. Faubert	24,659,023	104,004	4,499,619	99.58	%
3. R. John Fletcher	24,537,379	225,648	4,499,619	99.09	%
4. Arthur L. George,Jr.	24,693,397	69,630	4,499,619	99.72	%
5. Joseph P. Keithley	24,640,345	122,682	4,499,619	99.50	%
6. John T. Kurtzweil	24,686,318	76,709	4,499,619	99.69	%
7. Mary G. Puma	24,689,517	73,510	4,499,619	99.70	%
8. Thomas St. Dennis	24,662,815	100,175	4,499,619	99.60	%

2. The following sets forth the tally of the votes cast on the proposal to ratify the appointment by the Board of Directors of Ernst& Young LLP as independent auditors of the Company’s financial statements for the year ending December31, 2018. A majority of the votes cast were voted in favor of the proposal, and therefore the appointment of auditors has been ratified by the stockholders:

Proposal 2

NumberofVotes
Broker	Percentageof
Non-	TotalVoted
For	Against	Abstaining	Votes	For
Proposal to ratify the appointment of Ernst& Young LLP as independent auditors for the Company’s financial statements for the year ending December31, 2018.	28,983,335	237,693	41,788		99.19	%

. The following sets forth the tally of the votes cast on the proposal that the stockholders of the Company advise the Board of Directors that they approve the compensation paid to the Company’s executive officers for fiscal 2017, as described under “Executive Compensation” in the proxy statement for the meeting. A majority of the votes cast were voted in favor of the proposal, and therefore such advisory vote has passed.

Proposal 3

NumberofVotes
Broker	Percentage
Non-	ofTotal
For	Against	Abstaining	Votes	VotedFor
Proposal that the stockholders of the Company advise the Board of Directors that they approve the compensation paid to the Company’s executive officers for fiscal 2017, as described under “Executive Compensation” in the proxy statement for this meeting.	23,821,451	584,466	357,280	4,499,619	97.61	%

Item 8.01 Other Events.

On May16, 2018, the Board of Directors of the Company:

· appointed Tzu-Yin Chiu, Joseph P. Keithley, and Thomas St. Dennis to serve as the Nominating and Governance Committee of the Board of Directors, with Mr.Keithley designated as Chairman thereof; and

· appointed Tzu-Yin Chiu, Richard J. Faubert, Arthur L. George,Jr., and Thomas St. Dennis to serve as the Technology and Product Development Committee of the Board of Directors, with Mr.George designated as Chairman thereof.

Such election and appointments are to serve until the next annual meeting of the Board of Directors and until such director’s successor has been elected and qualified, or until such director’s earlier death, resignation or removal.

About Axcelis Technologies,Inc. (NASDAQ:ACLS)
Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment, it provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The Company offers a line of high energy, high current and medium current implanters for various application requirements. Its other products include legacy dry strip equipment, curing systems and thermal processing systems. The Company’s systems are based on a Purion platform, which offers purity, precision and productivity by combining a single wafer end station, enabling unmatched throughput (approximately 500 wafers per hour), and a spot beam.