---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-098017"
form_type: "8-K"
ticker: "ACLS"
cik: "0001113232"
company_name: "AXCELIS TECHNOLOGIES INC"
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-10T23:45:12.253280+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Axcelis appoints James Coogan as CFO; current CFO Brewer to retire at year-end 2023

## Summary
- James Coogan, former Kaman Corp CFO, appointed EVP/CFO effective October 2023.
- Current CFO Kevin Brewer transitions to EVP Finance & Operations; retirement planned year-end 2023.
- Coogan's base salary $485,000; target cash incentive 70%; equity grant $1,000,000.
- Brewer will serve as Senior Advisor to Company during 2024 after retirement.

## SEC filing metadata
- accession: 0001104659-23-098017
- form_type: 8-K
- ticker: ACLS
- cik: 0001113232
- company_name: AXCELIS TECHNOLOGIES INC
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113232/000110465923098017/0001104659-23-098017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113232/000110465923098017/tm2324160d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-098017
- JSON: https://secwatch.observer/filing/0001104659-23-098017.json
- Plain text: https://secwatch.observer/filing/0001104659-23-098017.txt

## Key facts
- Executive change
  Kevin J. Brewer retired as Executive Vice President, Finance and Operations at AXCELIS TECHNOLOGIES INC.
  - Action: retired
  - Role: Executive Vice President, Finance and Operations
  source text: Mr. Brewer will continue to manage the Company’s manufacturing operations and will support the transition of the Company’s finance function to Mr. Coogan, until Mr. Brewer’s planned retirement at year-end 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465923098017/0001104659-23-098017-index.htm
- Executive change
  Kevin J. Brewer changed role as Executive Vice President, Finance and Operations at AXCELIS TECHNOLOGIES INC.
  - Action: changed title
  - Role: Executive Vice President, Finance and Operations
  source text: Effective upon the commencement of employment of James Coogan as discussed in paragraph (c) below, Axcelis Technologies, Inc.’s (the “Company”) Executive Vice President and Chief Financial Officer, Kevin J. Brewer, will resign as Chief Financial Officer and change his title to Executive Vice President, Finance and Operations.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465923098017/0001104659-23-098017-index.htm
- Executive change
  James Coogan was appointed as Executive Vice President and Chief Financial Officer at AXCELIS TECHNOLOGIES INC.
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: On September 5, 2023, the Company announced that its Board of Directors appointed James Coogan, age 42, as the Company’s Executive Vice President and Chief Financial Officer, effective upon the commencement of Mr. Coogan’s full-time employment with the Company expected in October 2023 (the “Effective Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465923098017/0001104659-23-098017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.