secwatch.observer — SEC 8-K summary
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Issuer:     AXCELIS TECHNOLOGIES INC (ACLS)
CIK:        0001113232
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001104659-26-027104
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axcelis CFO James Coogan resigns; David Ryzhik named interim CFO amid pending Veeco merger
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- James Coogan resigns as CFO effective April 24, 2026, to pursue CFO role at another public company.
- David Ryzhik, SVP of IR and Corporate Strategy, appointed Interim CFO effective March 12, 2026.
- Ryzhik receives $8,750/month base salary increase, $27,242/month bonus increase, and $400,000 RSU grant.
- CEO notes Ryzhik's deep knowledge and role in the pending merger with Veeco as key for transition.
- Axcelis will engage an executive search firm to identify a permanent CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113232/000110465926027104/0001104659-26-027104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113232/000110465926027104/tm268674d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-027104

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