MKS amends Atotech deal terms, accelerates equity vesting if closed by Dec 31; appoints new COO for Atotech division

MKS INC

Letter Agreement accelerates vesting of Atotech RSUs vesting by Jan 1, 2022 if deal closes by Dec 31, 2021; PSUs settled at greater of target or actual 2021 EBITDA.
James Schreiner appointed COO of Atotech Division at closing; base salary $465,000; $500,000 expatriate service bonus.
Geoff Wild (Atotech CEO) elected to MKS board as Class III director effective at closing.
Atotech per-share consideration unchanged: $16.20 cash + 0.0552 MKS share; total approx $5.1B.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

James A. Schreiner

Senior Vice President and Chief Operating Officer, Atotech Division

MKSI · MKS INC

Filed: October 29, 2021, 7:59 PM ET

On October 25, 2021, the Board of Directors (the “Board”) of the Company appointed James A. Schreiner, who currently serves as the Company’s Senior Vice President and Chief Operating Officer, to the position of Senior Vice President and Chief Operating Officer, Atotech Division, subject to and effective upon the Closing of the Acquisition.

Appointed

Geoff Wild

Class III Director

MKSI · MKS INC

Filed: October 29, 2021, 7:59 PM ET

On October 25, 2021, the Board elected Geoff Wild as a Class III Director, effective immediately following the Closing of the Acquisition, to fill the existing vacancy on the Board, and to serve until the 2023 Annual Meeting of Shareholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James A. Schreiner was appointed as Senior Vice President and Chief Operating Officer, Atotech Division at MKS INC.

Action: appointed
Role: Senior Vice President and Chief Operating Officer, Atotech Division

Exact text from the filing

On October 25, 2021, the Board of Directors (the “Board”) of the Company appointed James A. Schreiner, who currently serves as the Company’s Senior Vice President and Chief Operating Officer, to the position of Senior Vice President and Chief Operating Officer, Atotech Division, subject to and effective upon the Closing of the Acquisition.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Geoff Wild was elected as Class III Director at MKS INC.

Action: elected
Role: Class III Director

Exact text from the filing

On October 25, 2021, the Board elected Geoff Wild as a Class III Director, effective immediately following the Closing of the Acquisition, to fill the existing vacancy on the Board, and to serve until the 2023 Annual Meeting of Shareholders.

View on SEC.gov

MKS INC filing history →

Source: SEC EDGAR

accession 0001193125-21-313519

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