---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-029398"
form_type: "8-K"
ticker: "ACLS"
cik: "0001113232"
company_name: "AXCELIS TECHNOLOGIES INC"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:09:04.683509+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Axcelis elects Gregory Graves and Necip Sayiner to board of directors

## Summary
- Board expanded to 11 members; Graves (former Entegris CFO) and Sayiner (ex-Intersil CEO) elected Feb 28, 2024.
- Each receives RSU grants: $160K new director grant vesting over 4 years, plus $80K pro-rated 2023 grant vesting in 1 year.
- Graves appointed to Compensation and Audit committees; Sayiner to Technology and Nominating/Governance committees.
- Graves also serves on Skywater Technologies board; Sayiner serves on Rambus board.
- Terms run until the 2024 Annual Meeting of Stockholders.

## SEC filing metadata
- accession: 0001104659-24-029398
- form_type: 8-K
- ticker: ACLS
- cik: 0001113232
- company_name: AXCELIS TECHNOLOGIES INC
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113232/000110465924029398/0001104659-24-029398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113232/000110465924029398/tm246619d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-029398
- JSON: https://secwatch.observer/filing/0001104659-24-029398.json
- Plain text: https://secwatch.observer/filing/0001104659-24-029398.txt

## Key facts
- Executive change
  Necip Sayiner was elected as Director at AXCELIS TECHNOLOGIES INC.
  - Action: elected
  - Role: Director
  source text: the Board of Directors elected Gregory B. Graves and Necip Sayiner to fill the vacancies on the Board for a term ending at the 2024 Annual Meeting of Stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465924029398/0001104659-24-029398-index.htm
- Executive change
  Gregory B. Graves was elected as Director at AXCELIS TECHNOLOGIES INC.
  - Action: elected
  - Role: Director
  source text: the Board of Directors elected Gregory B. Graves and Necip Sayiner to fill the vacancies on the Board for a term ending at the 2024 Annual Meeting of Stockholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465924029398/0001104659-24-029398-index.htm

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