Intermolecular, Inc. (NASDAQ:IMI) 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 December 17, 2016, Mr. Thomas R. Baruch, a director of Intermolecular, Inc. (the “Company”), notified the company that he would resign from the Company’s Board of Directors (the “Board”), effective immediately. Mr. Baruch has served as a director of the Company since November 2004, and his decision to resign did not involve any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

On December 22, 2016, the Board appointed Mr. Chris Kramer, the Company’s President and Chief Executive Officer, to serve on the Board filling the vacancy on the Board arising as a result of Mr. Baruch’s resignation, effective December 17, 2016.  Mr. Kramer remains the Company’s President and Chief Executive Officer. There were no arrangement or understandings between Mr. Kramer and any other person to which he was appointed as a member of the Board. There have been no transactions between Mr. Kramer and the Company required to be disclosed by Item 404(a) of Regulation S-K.

About Intermolecular, Inc. (NASDAQ:IMI)

Intermolecular, Inc. provides thin film solutions. The Company’s high productivity combinatorial (HPC) platform, which consists of its tempus processing tools, its automated characterization methods, and its Informatics analysis software, is purpose-built for research and development (R&D) using combinatorial process systems. It develops technology and Internet protocol (IP) rights focused on materials, processes, integration and device architectures in collaboration with its customers. Its HPC platform consists of tempus HPC processing, automated characterization and informatics and analysis software. The Company offers a series of wet processing tools and dry processing tools. Its informatics software includes workflow management software, analysis and reporting software, security and collaboration management software, and integration services. It caters to semiconductor device, semiconductor materials and equipment and clean energy market companies.

Intermolecular, Inc. (NASDAQ:IMI) Recent Trading Information

Intermolecular, Inc. (NASDAQ:IMI) closed its last trading session 00.00 at 1.02 with 6,716 shares trading hands.