ELECTRO SCIENTIFIC INDUSTRIES, INC. (NASDAQ:ESIO) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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ELECTRO SCIENTIFIC INDUSTRIES, INC. (NASDAQ:ESIO) 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 May 11, 2017, in light of changes in the scope of Bing-Fai Wong’s responsibilities and those of certain other executives of Electro Scientific Industries, Inc. (the “Company”) due to the previously announced reorganization of the Company’s management team, the Company’s Board of Directors has determined that Mr. Wong is no longer an executive officer subject to Section 16.

About ELECTRO SCIENTIFIC INDUSTRIES, INC. (NASDAQ:ESIO)

Electro Scientific Industries, Inc. and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products. The interconnect, semiconductor and component products are sold to manufacturers of electronic components and are used to drill, cut, trim, ablate and test and mark features for the functionality of the component. The Micromachining segment includes products that are sold to manufacturers of end devices across various industries and are used to drill, cut or mark features on a range of materials, generally on the casing or external surface of the end device. Its integrated solutions allow industrial designers and process engineers to control the power of laser light to transform materials. It has operations in Asia, Europe and North America.

ELECTRO SCIENTIFIC INDUSTRIES, INC. (NASDAQ:ESIO) Recent Trading Information

ELECTRO SCIENTIFIC INDUSTRIES, INC. (NASDAQ:ESIO) closed its last trading session down -0.33 at 7.91 with 297,418 shares trading hands.