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 OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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
(d) On April 13, 2017, the Board of Directors (the “Board”) of Maxwell Technologies, Inc. (the “Company”) appointed John Mutch to serve as a director of the Company, effective immediately. At this time, Mr. Mutch has not been appointed as a member of any of the standing committees of the Board.
The Company’s Certificate of Incorporation and Bylaws provide for its Board to be divided into three classes, with each class having a three-year term. Mr. Mutch will be a member of Class III of directors, for election at the 2017 annual meeting of stockholders for terms expiring at the 2020 annual meeting of stockholders.
Mr. Mutch will participate in the Company’s standard compensation program for non-employee directors, as described in the Company’s proxy statement filed with the Securities and Exchange Commission on April 29, 2016. Mr. Mutch will also enter into the Company’s standard form of indemnification agreement.
The selection of Mr. Mutch to serve as a member of the Board was not to any arrangement or understanding between Mr. Mutch and any other person.
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 5.83 with 80,921 shares trading hands.
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 5.83 with 80,921 shares trading hands.
