secwatch.observer — SEC 8-K summary
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Issuer:     AXCELIS TECHNOLOGIES INC (ACLS)
CIK:        0001113232
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001104659-23-098017
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113232/000110465923098017/0001104659-23-098017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113232/000110465923098017/tm2324160d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-098017

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