MAXWELL TECHNOLOGIES, INC. (NASDAQ:MXWL) 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.
Class II director of the Board of Directors (the Board) of
Maxwell Technologies, Inc. (the Company) since May 2013 and
Chairman of the Board since June 2016, notified the Board that
due to personal reasons he has decided to transition off the
Board and resign effective as of immediately following the 2017
Annual Meeting of Stockholders (the 2017 Annual Meeting). Mr.
Steven Bilodeau, who joined the Board last year, has been
appointed as Chairperson effective as of immediately following
the 2017 Annual Meeting. Ms. Yon Yoon Jorden, who has served as a
Class III director since May 2008, also notified the Board that
she has decided to transition off the Board and to not stand for
re-election when her term expires at the 2017 Annual Meeting and
Mr. Roger Howsmon, who has served as a Class I director since May
2008, notified the Board that he also decided to transition off
and resign from the Board effective immediately after the 2017
Annual Meeting. Ms. Jorden has served as the Chairperson of the
Compensation Committee since 2015. Mr. Howsmon has served as
Chairperson of the Governance and Nominating Committee since
2015. The decisions of Messrs. Howsmon and Schlotterbeck to
resign from the Board and the decision of Ms. Jorden to not stand
for reelection at the 2017 Annual Meeting is not due to any
disagreement with the Company on any matter relating to the
Companys operations, policies or practices. Following the 2017
Annual Meeting, the size of the Board will be reduced to seven.
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(d)
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Exhibits
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Exhibit No.
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Description
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99.1
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Press release issued by Maxwell Technologies, Inc. on
May 25, 2017 |
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About MAXWELL TECHNOLOGIES, INC. (NASDAQ:MXWL)
Maxwell Technologies, Inc. develops, manufactures and markets energy storage and power delivery products for transportation, industrial, information technology and other applications and microelectronic products for space and satellite applications. The Company offers three product lines: Ultracapacitors, High-Voltage Capacitors and Radiation-Hardened Microelectronic Products. The Company’s ultracapacitor cells and multi-cell packs, and modules provide energy storage and power delivery solutions for applications in multiple industries. The Company offers ultracapacitor cells with capacitances ranging from 1 to 3,400 farads. It designs and manufactures CONDIS high-voltage capacitors. These products include grading and coupling capacitors and electric voltage transformers. The Company’s radiation-hardened microelectronic products for satellites and spacecraft include single board computers and components, such as high-density memory and data conversion modules. MAXWELL TECHNOLOGIES, INC. (NASDAQ:MXWL) Recent Trading Information
MAXWELL TECHNOLOGIES, INC. (NASDAQ:MXWL) closed its last trading session up +0.05 at 5.56 with 147,692 shares trading hands.
