Veeco discloses three shareholder lawsuits over merger proxy; voluntarily supplements disclosures

VEECO INSTRUMENTS INC

Three complaints filed in NY state courts alleging inadequate proxy disclosures for Veeco-Axcelis merger; plaintiffs seek injunction or rescission.
Garfield plaintiff filed motion for preliminary injunction on Jan. 25, 2026 to enjoin stockholder vote until proxy is supplemented.
Veeco and Axcelis deny allegations and deny proxy is deficient, but voluntarily publish supplemental disclosures to avoid litigation burden.
Supplemental disclosures add details on board committee formation, August 12 Axcelis proposal with 0.340x exchange ratio, and UBS fee of ~$28.5M contingent on deal closure.
Stockholder vote special meeting scheduled for February 6, 2026; Veeco says disclosures are meant to eliminate potential delay to merger.

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