CVD EQUIPMENT CORPORATION (NASDAQ:CVV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 4, 2019, Glen R. Charles, the Chief Financial Officer and Secretary of CVD Equipment Corporation (the “Company”), resigned from all positions with the Company, effective as of March 1, 2019.
On February 4, 2019, the Company appointed Thomas McNeill, age 56, as the Company’s Chief Financial Officer and Secretary, effective as of March 4, 2019 (the “Start Date”).
Mr. McNeill has been a Chief Financial Officer (“CFO”) since 1996 and has seventeen years’ of SEC reporting experience with two public companies, as well as a full range of financial and operational experience. Since April 2015, he has been CFO at Century Direct, LLC, a printing and mailing company serving the direct mail marketing industry. From November 2014 to April 2015, he was a consultant at Mailmen Inc. until its assets were purchased by Century Direct, LLC. Mr. McNeill was CFO/COO at Nina Mclemore from July 2013 to June 2014, a woman’s retail apparel Company. On the Public reporting side, he was CFO at DineWise, Inc. from April 2006 to April 2013, a direct to consumer prepared frozen foods company, and from October 1996 to April 2006, was CFO at Global Payment Technologies, Inc, a hi-tech manufacturing and engineering company. Mr. McNeill is a Certified Public Accountant who began his career at KPMG, achieving the position of audit manager. Mr. McNeill holds a BBA in accounting from Hofstra University.
In connection with his appointment, Mr. McNeill will receive an initial annual base salary of $218,000. In addition, on the Start Date, Mr. McNeill will be issued 10,000 restricted stock units, of which 2,500 units shall vest on the first anniversary of the Start Date, 2,500 units shall vest on the second anniversary of the Start Date, and 5,000 units shall vest on the third anniversary of the Start Date.
On February 7, 2019, the Companyissued a press release reporting the appointment of Mr. McNeill as CFO and Secretary. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
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Item 9.01 |
Financial Statements and Exhibits |
(d) Exhibits
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Exhibit No. |
Description |
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99.1 |
Press release datedFebruary 7, 2019. |
CVD EQUIPMENT CORP Exhibit
EX-99.1 2 ex_134263.htm EXHIBIT 99.1 ex_134263.htm Exhibit 99.1 enabling tomorrow’s technologies™ 355 South Technology Drive,…
To view the full exhibit click here
About CVD EQUIPMENT CORPORATION (NASDAQ:CVV)
CVD Equipment Corporation designs and manufactures equipment and process solutions used to develop and manufacture materials and coatings for research and industrial applications. The Company operates through two divisions: CVD/First Nano and Stainless Design Concepts (SDC). The Company’s CVD/First Nano division supplies chemical vapor deposition systems for use in the research, development and manufacturing of aerospace and medical components, semiconductors, light emitting diodes (LEDs), carbon nanotubes, nanowires, solar cells and a number of other industrial applications. The Company’s SDC division designs and manufactures purity gas and chemical delivery control systems for semiconductor fabrication processes, solar cells, LEDs, carbon nanotubes, nanowires, and other industrial applications. Its products include chemical vapor deposition, rapid thermal processing (RTP), annealing and diffusion furnaces, purity gas and liquid control systems, and quartz-ware.
