secwatch.observer — SEC 8-K summary
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Issuer:     AXCELIS TECHNOLOGIES INC (ACLS)
CIK:        0001113232
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001104659-23-059495
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113232/000110465923059495/0001104659-23-059495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113232/000110465923059495/tm2314798d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-059495

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