Axcelis Technologies appoints Russell J. Low as CEO; Mary Puma becomes Executive Chairperson

AXCELIS TECHNOLOGIES INC

Russell J. Low, Ph.D., appointed President and CEO effective May 11, 2023; previously EVP Global Customer and Engineering Operations.
Low's annual base salary set at $550,333 in 2023 and $633,000 thereafter; target bonus 87% of base in 2023, 100% thereafter.
Mary G. Puma transitions from CEO to Executive Chairperson, expected to serve until 2024 Annual Meeting.
All nine director nominees elected with >86% votes cast in favor; auditor Ernst & Young LLP ratified with 97.71% for.
Say-on-pay passed with 97.22% approval; advisory vote on frequency of say-on-pay set to annual at 94.65% of votes cast.

item 5.02 item 5.07 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Russell J. Low

President and Chief Executive Officer

ACLS · AXCELIS TECHNOLOGIES INC

Effective: 2023-05-11
Filed: May 12, 2023, 7:59 PM ET

On May 11, 2023, following the 2023 Annual Meeting of Stockholders (the “Annual Meeting”), the Board of Directors of Axcelis Technologies, Inc. (the “Company”) appointed Russell J. Low, Ph.D., age 52, as the Company’s Chief Executive Officer and President.

Role change

Mary G. Puma

Executive Chairperson

ACLS · AXCELIS TECHNOLOGIES INC

Effective: 2023-05-11
Filed: May 12, 2023, 7:59 PM ET

Coincident with the commencement of Dr. Low’s promotion to Chief Executive Officer and President, Mary G. Puma, our former Chief Executive Officer and President, assumed the position of Executive Chairperson of the Board of Directors of the Company, a position she is expected to hold until the 2024 Annual Meeting of Stockholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Russell J. Low was appointed as President and Chief Executive Officer at AXCELIS TECHNOLOGIES INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On May 11, 2023, following the 2023 Annual Meeting of Stockholders (the “Annual Meeting”), the Board of Directors of Axcelis Technologies, Inc. (the “Company”) appointed Russell J. Low, Ph.D., age 52, as the Company’s Chief Executive Officer and President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Mary G. Puma changed role as Executive Chairperson at AXCELIS TECHNOLOGIES INC.

Action: assumed
Role: Executive Chairperson

Exact text from the filing

Coincident with the commencement of Dr. Low’s promotion to Chief Executive Officer and President, Mary G. Puma, our former Chief Executive Officer and President, assumed the position of Executive Chairperson of the Board of Directors of the Company, a position she is expected to hold until the 2024 Annual Meeting of Stockholders.

View on SEC.gov

AXCELIS TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001104659-23-059495

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