During 2016, Rudolph Technologies Inc.’s Board of Directors continued its ongoing review of the Company’s executive compensation program and governance practices. In its efforts to better align the company with shareholder interests, the Board approved significant changes to the executive long-term incentive compensation program and the stockholding requirements applicable to Board Members and our Chief Executive Officer (CEO). As of the Board’s January 25, 2017 meeting the following changes were implemented:

Based on the Compensation Committee’s recommendation, the Board revised for 2017 the long-term incentive compensation plan for the company executives to enhance the long-term performance orientation of the associated equity awards. Under the revised plan, performance-based restricted stock units (RSUs) granted to company executives shall be subject to meeting a more robust long-term incentive target for the Company. The performance based RSUs will be earned based on a comparison of the Company’s Total Shareholder Return (TSR) in relation to the TSR of a corporate peer group over a three-year period. The peer group consists of 18 companies from a combination of companies in the Company’s compensation peer group, and front-end and back-end companies of varying market cap sizes. Additional details of the new long-term incentive compensation plan will be provided in the Company’s proxy statement for its 2017 Annual Meeting of Stockholders.

The Board also approved a revision to the guidelines related to Company stock ownership and retention for its outside Directors and CEO. Each outside Director is now required to own shares of common stock in Rudolph valued at a minimum of three times the amount of the Director’s total cash compensation which includes the annual cash retainer as well as any additional fee paid to those individuals who are Committee Chairs or Lead Director by November 2018. The CEO is now required to own shares of common stock in Rudolph valued at a minimum of three times the amount of the CEO’s base annual salary by November 2018.

About Rudolph Technologies, Inc. (NYSE:RTEC)

Rudolph Technologies, Inc. (Rudolph) is engaged in the design, development, manufacture and support of defect inspection, packaging lithography, thin film metrology, and data analysis systems and software used by microelectronics device manufacturers. The Company operates in a segment of the design, development, manufacture and support of process control defect inspection and metrology; packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. It offers Process Control Business, Lithography Business and Integrated Software Solutions. It provides process and yield management solutions used in both wafer processing and final manufacturing through a family of systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements. Rudolph markets and sells products to logic, memory, data storage, flat panel and application-specific integrated circuit (ASIC) device manufacturers.

Rudolph Technologies, Inc. (NYSE:RTEC) Recent Trading Information

Rudolph Technologies, Inc. (NYSE:RTEC) closed its last trading session down -0.15 at 21.65 with 863,560 shares trading hands.