Nanometrics Incorporated (NASDAQ:NANO) 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 March 2, 2017, the Board of Directors of Nanometrics Incorporated appointed Robert Deuster to serve as a member of the Nanometrics Board of Directors. Concurrently with his appointment, the Board increased the size of the Board from six (6) directors to seven (7) directors.

Mr. Deuster will receive compensation under Nanometrics’ compensation arrangements for non-employee directors, which currently include: as a new non-employee director, upon appointment restricted stock units valued at $100,000 pro-rated to reflect the amount of time served before the next annual meeting of stockholders; an annual cash retainer fee of $50,000 (pro-rated for a partial year of service for new directors); and restricted stock units valued at $100,000 to be granted on the date of Nanometrics’ annual meeting of stockholders and vest on the earlier of the first anniversary date of the grant or the date of the next annual meeting of stockholders. In addition, Mr. Deuster is eligible to participate in Nanometrics’ self-funded Executive Reimbursement Plan and will enter into Nanometrics’ standard form of indemnity agreement.

On May 23, 2017, the Board appointed Mr. Deuster as a member of the Audit Committee and Compensation Committee. Mr. Deuster will receive additional cash compensation under Nanometrics’ compensation arrangements for non-employee directors as a member of the Audit Committee and Compensation Committee, as follows: an incremental $10,000 annual retainer for service on the Audit Committee; and an incremental $10,000 annual retainer for service on the Compensation Committee.

About Nanometrics Incorporated (NASDAQ:NANO)

Nanometrics Incorporated (Nanometrics) provides process control metrology and inspection systems used in the fabrication of integrated circuits, high-brightness light emitting diodes (HB-LEDs), discrete components and data storage devices. The Company operates in the segment of sale, design, manufacture, marketing and support of thin film and optical critical dimension systems. The Company’s automated and integrated systems address process control applications, including critical dimension and film thickness measurement, device topography, defect inspection, and analysis of various other film properties, such as optical, electrical and material characteristics. The Company’s process control solutions are deployed throughout the fabrication process, from front-end-of-line substrate manufacturing, to high-volume production of semiconductors and other devices, to advanced wafer-scale packaging applications.

Nanometrics Incorporated (NASDAQ:NANO) Recent Trading Information

Nanometrics Incorporated (NASDAQ:NANO) closed its last trading session 00.00 at 27.34 with 182,916 shares trading hands.