---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-257200"
form_type: "8-K"
ticker: null
cik: "0001001902"
company_name: "INTEVAC INC"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:44:42.839583+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Intevac reports Q3 revenue $28.5M, beats expectations; appoints activist Palogic's Vardeman to board

## Summary
- Q3 revenue $28.5M, net loss $2.2M ($0.08 loss per share), vs year-ago revenue $17.9M, net loss $1.6M ($0.06 loss).
- Operating loss $1.8M (GAAP & non-GAAP); prior-year GAAP loss $1.4M, non-GAAP income $0.5M.
- HDD tech upgrade revenue exceeded $13M; $15M pass-through from inventory transfer to customer.
- Board expanded to 7 seats; Palogic's Vardeman appointed, receives 10,300 options & 12,000 RSUs vesting May 2025.
- Palogic agrees to standstill, ownership cap at 9.5%, voting support for Board nominees.

## SEC filing metadata
- accession: 0001193125-24-257200
- form_type: 8-K
- cik: 0001001902
- company_name: INTEVAC INC
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001902/000119312524257200/0001193125-24-257200-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001902/000119312524257200/d890569d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-257200
- JSON: https://secwatch.observer/filing/0001193125-24-257200.json
- Plain text: https://secwatch.observer/filing/0001193125-24-257200.txt

## Key facts
- Executive change
  Vardeman was appointed as Director at INTEVAC INC.
  - Action: appointed
  - Role: Director
  source text: On November 8, 2024, in connection with entering into the Agreement, the Board increased the size of the Board to seven members and appointed Mr. Vardeman to the Board, effective November 11, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001902/000119312524257200/0001193125-24-257200-index.htm

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