On April 11, 2017, Kulicke and Soffa Industries, Inc. (the “Company”) agreed with Yih-Neng Lee that he will step down as Senior Vice President, Global Sales, effective immediately. Mr. Lee has agreed to continue with the Company through October 2017 in order to transition responsibilities to Hoang Huy Hoang, the newly appointed Senior Vice President, Global Sales and Aftermarket Products and Services Business Line. Following his departure, Mr. Lee will receive severance payments and benefits in accordance with the Company’s previously filed Executive Severance Pay Plan.
About KULICKE AND SOFFA INDUSTRIES, INC. (NASDAQ:KLIC) Kulicke and Soffa Industries, Inc. designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools. The Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging and surface mount technology solutions. The Expendable Tools segment manufactures and sells expendable tools for a range of semiconductor packaging applications. It offers capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits, high and low powered discrete devices, light-emitting diodes and power modules. Its customers primarily consist of semiconductor device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers and automotive electronics suppliers.
KULICKE AND SOFFA INDUSTRIES, INC. (NASDAQ:KLIC) Recent Trading Information KULICKE AND SOFFA INDUSTRIES, INC. (NASDAQ:KLIC) closed its last trading session up +0.02 at 19.62 with 342,099 shares trading hands.
