Azenta completes $3.0B sale of semiconductor automation business to Thomas H. Lee Partners

Azenta, Inc.

Net proceeds approximately $2.4B after taxes, fees, and working capital adjustments.
Used $50.1M of proceeds to repay term loan; terminated $75M revolving credit facility with no balance.
Two executives (Jarzynka, Pietrantoni) left with sold business; Vandana Sriram appointed Principal Accounting Officer.
Azenta now focused exclusively on life sciences; plans to use net proceeds for future strategic investments.

item 1.01 item 2.01 item 1.02 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David E. Jarzynka

President, Brooks Semiconductor Solutions Group

AZTA · Azenta, Inc.

Effective: 2022-02-01
Filed: February 1, 2022, 6:59 PM ET

Both David E. Jarzynka, President, Brooks Semiconductor Solutions Group, and David Pietrantoni, Vice President, Finance and Corporate Controller and Principal Accounting Officer, continued with the Automation Business and, as a result, their employment with Azenta ended as of the closing of the Disposition on February 1, 2022.

Appointed

Vandana Sriram

Principal Accounting Officer

AZTA · Azenta, Inc.

Effective: 2022-02-01
Filed: February 1, 2022, 6:59 PM ET

As a result of Mr. Pietrantoni’s departure, Azenta appointed Vandana Sriram, age 48, Azenta’s current Vice President, Finance, and Corporate Controller, as Azenta’s Principal Accounting Officer, effective as of the closing of the Disposition.

Departed

David Pietrantoni

Vice President, Finance and Corporate Controller and Principal Accounting Officer

AZTA · Azenta, Inc.

Effective: 2022-02-01
Successor: Vandana Sriram
Filed: February 1, 2022, 6:59 PM ET

Both David E. Jarzynka, President, Brooks Semiconductor Solutions Group, and David Pietrantoni, Vice President, Finance and Corporate Controller and Principal Accounting Officer, continued with the Automation Business and, as a result, their employment with Azenta ended as of the closing of the Disposition on February 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David E. Jarzynka departed as President, Brooks Semiconductor Solutions Group at Azenta, Inc..

Action: ended employment
Role: President, Brooks Semiconductor Solutions Group

Exact text from the filing

Both David E. Jarzynka, President, Brooks Semiconductor Solutions Group, and David Pietrantoni, Vice President, Finance and Corporate Controller and Principal Accounting Officer, continued with the Automation Business and, as a result, their employment with Azenta ended as of the closing of the Disposition on February 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vandana Sriram was appointed as Principal Accounting Officer at Azenta, Inc..

Action: appointed
Role: Principal Accounting Officer

Exact text from the filing

As a result of Mr. Pietrantoni’s departure, Azenta appointed Vandana Sriram, age 48, Azenta’s current Vice President, Finance, and Corporate Controller, as Azenta’s Principal Accounting Officer, effective as of the closing of the Disposition.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Pietrantoni departed as Vice President, Finance and Corporate Controller and Principal Accounting Officer at Azenta, Inc..

Action: ended employment
Role: Vice President, Finance and Corporate Controller and Principal Accounting Officer

Exact text from the filing

Both David E. Jarzynka, President, Brooks Semiconductor Solutions Group, and David Pietrantoni, Vice President, Finance and Corporate Controller and Principal Accounting Officer, continued with the Automation Business and, as a result, their employment with Azenta ended as of the closing of the Disposition on February 1, 2022.

View on SEC.gov

Azenta, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-22-000686

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