Advanced Energy EVP, General Counsel & Corp Sec Tom McGimpsey to depart April 15, 2022

ADVANCED ENERGY INDUSTRIES INC

Severance: one-times annual base salary, 12 months medical premiums, 12 months retirement contributions, $15K outplacement.
Unvested restricted and performance stock units forfeited; remaining options exercisable for 36 months.
Company has commenced a search to replace Mr. McGimpsey, who served over 13 years.
Departure is pursuant to an Executive Change in Control & General Severance Agreement (filed August 2018).

item 5.02

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Departed

Thomas McGimpsey

Executive Vice President, General Counsel & Corporate Secretary

AEIS · ADVANCED ENERGY INDUSTRIES INC

Effective: 2022-04-15
Filed: March 22, 2022, 7:59 PM ET

Advanced Energy Industries, Inc. (the “Company”) and Mr. Thomas McGimpsey (“Mr. McGimpsey”), Executive Vice President, General Counsel & Corporate Secretary, have agreed that Mr. McGimpsey’s employment will be terminated and he will leave the Company on April 15, 2022

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas McGimpsey was terminated as Executive Vice President, General Counsel & Corporate Secretary at ADVANCED ENERGY INDUSTRIES INC.

Action: terminated
Role: Executive Vice President, General Counsel & Corporate Secretary

Exact text from the filing

Advanced Energy Industries, Inc. (the “Company”) and Mr. Thomas McGimpsey (“Mr. McGimpsey”), Executive Vice President, General Counsel & Corporate Secretary, have agreed that Mr. McGimpsey’s employment will be terminated and he will leave the Company on April 15, 2022

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Source: SEC EDGAR

accession 0001558370-22-004034

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