ADVANCED ENERGY INDUSTRIES INC — fact timeline

ADVANCED ENERGY INDUSTRIES INC entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $1.15 billion aggregate principal amount (effective 2026-05-18).

“On May 18, 2026, Advanced Energy Industries, Inc. (the “Company”) completed its previously announced private unregistered offering of $1.15 billion aggregate principal amount of its 0% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase up to $150.0 million aggregate principal amount of additional Notes. Indenture and Notes The Notes were issued under an Indenture (the “Indenture”), dated as of May 18, 2026, by and between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).”

ADVANCED ENERGY INDUSTRIES INC incurred convertible notes of $1.15 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 0% maturing May 15, 2031.

“completed its previously announced private unregistered offering of $1.15 billion aggregate principal amount of its 0% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase up to $150.0 million aggregate principal amount of additional Notes.”

ADVANCED ENERGY INDUSTRIES INC: Amendment increases number of authorized shares of common stock from 70,000,000 to 140,000,000 (effective 2026-05-07).

“the amendment increases the number of authorized shares of common stock from 70,000,000 shares to 140,000,000 shares. The amendment became effective upon the filing of a Certificate of Amendment to the Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”) with the Secretary of State of the State of Delaware on May 7, 2026.”

ADVANCED ENERGY INDUSTRIES INC reported the quarter ended March 31, 2026 results: revenue $511 million, net income GAAP net income from continuing operations was $67 million, EPS $1.59 per diluted share.

“Current Report on Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- ​ Exhibit 99.1 Financial News Release Advanced Energy Reports First Quarter 2026 Results ​ ● Revenue was $511 million, up 26% year-over-year and above the midpoint of guidance ● Data Center Computing revenue more than doubled year-over-year ● GAAP gross margin was 39.3%; non-GAAP gross margin”

ADVANCED ENERGY INDUSTRIES INC amended revolving credit of $600 million with HSBC Bank USA, N.A. (administrative agent) and lenders including Citibank, N.A., Wells Fargo, National Association, PNC Bank, National Association, and JPMorgan Chase Bank, N.A. at Term SOFR plus between 0.75% and 1.75%, or Base Rate plus between 0.00% and 0.75 maturing May 8, 2030.

“which provides aggregate financing of $600 million, consisting of a $600 million senior unsecured revolving facility with a term of up to five years”

ADVANCED ENERGY INDUSTRIES INC: Third Amended and Restated By-Laws updating advance notice provisions, forum selection, DGCL alignment, special meeting ownership threshold, and other changes, effective April 25, 2024 (effective 2024-04-25).

“amended and restated the by-laws of the Company (the “Third Amended and Restated By-Laws”), effective immediately upon their adoption. These amendments principally provide for the following: (i) to revise the advance notice requirements and procedures for stockholder proposals and director nominations and to address the universal proxy rules adopted by the SEC”

ADVANCED ENERGY INDUSTRIES INC: Amended and Restated Certificate of Incorporation to limit officer liability and make minor updates, effective April 25, 2024 (effective 2024-04-25).

“stockholders approved an Amended and Restated Certificate of Incorporation of the Company to (i) limit the personal liability of the Company’s officers in light of recent amendments to the Delaware General Corporation Law (“DGCL”) and (ii) make certain other minor, non-substantive updates and improvements”

ADVANCED ENERGY INDUSTRIES INC shareholders approved Approval of Advanced Energy’s Second Amended and Restated Certificate of Incorporation to provide exculpation from personal liability for certain officers as permitted by Delaware law and make certain other minor, non-substantive updates at the 2024-04-25 meeting.

“4. Approval of Advanced Energy’s Second Amended and Restated Certificate of Incorporation to provide exculpation from personal liability for certain officers as permitted by Delaware law and make certain other minor, non-substantive updates. The Second Amended and Restated Certificate of Incorporation was approved, with the following votes tabulated: For Against Abstain Broker Non-Vote 30,580,479 4,067,740 34,016 1,298,891”

ADVANCED ENERGY INDUSTRIES INC shareholders approved Advisory approval on the compensation of Advanced Energy’s named executive officers at the 2024-04-25 meeting.

“3. Advisory approval on the compensation of Advanced Energy’s named executive officers. The advisory approval of the compensation of the Company’s named executive officers as disclosed in the Proxy Statement was approved, with the following votes tabulated: For Against Abstain Broker Non-Vote 34,361,564 309,087 11,584 1,298,891”

ADVANCED ENERGY INDUSTRIES INC shareholders approved Ratification of the appointment of Ernst & Young LLP as Advanced Energy’s independent registered public accounting firm for 2024 at the 2024-04-25 meeting.

“2. Ratification of the appointment of Ernst & Young LLP as Advanced Energy’s independent registered public accounting firm for 2024. The appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2024 was ratified, with the following votes tabulated: For Against Abstain Broker Non-Vote 35,879,956 95,753 5,417 —”

ADVANCED ENERGY INDUSTRIES INC shareholders approved Election of ten (10) directors at the 2024-04-25 meeting.

“The Company held its 2024 Annual Meeting of Stockholders on Thursday, April 25, 2024, to vote on four proposals. The following matters as set forth in the Proxy Statement were voted upon with the results indicated below. 1. Election of ten (10) directors. The following ten nominees were elected to serve as directors of the Company, with the following votes tabulated: For Withhold Broker Non-Vote Grant H. Beard 34,609,484 72,751 1,298,891 Frederick A. Ball 33,660,884 1,009,802 1,310,440 Anne T. DelSanto 34,489,290 192,945 1,298,891 Tina M. Donikowski 34,371,680 310,555 1,298,891 Ronald C. Foster 34,619,868 62,367 1,298,891 Stephen D. Kelley 34,596,033 86,202 1,298,891 Lanesha T. Minnix 34,464,756 217,479 1,298,891 David W. Reed 34,586,258 95,977 1,298,891 John A. Roush 34,457,612 224,623 1,298,891 Brian M. Shirley 34,598,336 83,899 1,298,891”

ADVANCED ENERGY INDUSTRIES INC reported the first quarter ended March 31, 2024 results: revenue $327.5 million, net income $5.8 million, EPS $0.15 per diluted share. Guidance reaffirmed.

“Current Report on Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- ​ Exhibit 99.1 Financial News Release Advanced Energy Reports First Quarter 2024 Results ​ ● Revenue was $327.5 million, below guidance ● GAAP EPS from continuing operations was $0.15, within the guidance range ● Non-GAAP EPS was $0.58, within the guidance range DENVER, Colo., May 1, 2024 -”

ADVANCED ENERGY INDUSTRIES INC reported the year ended December 31, 2023 results: revenue $1.66 billion, net income $130.7 million or $3.46 per diluted share, EPS $3.46 per diluted share.

“million, in line with the mid-point of guidance ● Q4 GAAP EPS from continuing operations was $1.01; Q4 Non-GAAP EPS was $1.24, above the mid-point of guidance ● 2023 revenue was $1.66 billion, with sales in the Industrial and Medical market growing 11% to a record $474 million ● 2023 GAAP EPS from continuing operations was $3.46; 2023 Non-GAAP EPS was $4.88 ● 2023”

ADVANCED ENERGY INDUSTRIES INC reported the quarter ended December 31, 2023 results: revenue $405.3 million, net income $37.9 million or $1.01 per diluted share, EPS $1.01 per diluted share.

“Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- ​ Exhibit 99.1 Financial News Release Advanced Energy Reports Fourth Quarter and Full Year 2023 Results ​ ● Q4 revenue was $405 million, in line with the mid-point of guidance ● Q4 GAAP EPS from continuing operations was $1.01; Q4 Non-GAAP EPS was $1.24, above the mid-point of guidance ● 2023 revenue was $1.66”

ADVANCED ENERGY INDUSTRIES INC reported third quarter ended September 30, 2023 results: revenue Revenue was $410.0 million, net income Non-GAAP net income was $48.5 million, EPS $1.28 per diluted share.

“Sales were $410.0 million in the third quarter of 2023, compared with $415.5 million in the second quarter of 2023 and $516.3 million in the third quarter of 2022. GAAP net income from continuing operations was $33.7 million or $0.89 per diluted share in the quarter, compared with $27.5 million or $0.73 per diluted share in the prior quarter, and $74.9 million or $1.99 per diluted share a year ago.”

ADVANCED ENERGY INDUSTRIES INC incurred convertible notes of $575 million aggregate principal amount with initial purchasers at 2.50% per year maturing September 15, 2028.

“On September 12, 2023, Advanced Energy Industries, Inc. (the “Company”) completed its previously announced private unregistered offering of $575 million aggregate principal amount of its 2.50% Convertible Senior Notes due 2028 (the “Notes”), which amount includes the full exercise of the initial purchasers’ option to purchase up to $75 million aggregate principal amount of additional Notes.”

ADVANCED ENERGY INDUSTRIES INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $575 million aggregate principal amount (effective 2023-09-12).

“Indenture (the “Indenture”), dated as of September 12, 2023, by and between the Company and U.S. Bank Trust Company, National Association, as trustee”

ADVANCED ENERGY INDUSTRIES INC reported second quarter ended June 30, 2023 results: revenue $416 million, EPS Non-GAAP EPS was $1.11.

“with this Current Report on Form 8-K as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- Financial News Release Advanced Energy Reports Second Quarter 2023 Results ​ ● Revenue was $416 million, above the mid-point of guidance ● Industrial & Medical revenue was a quarterly record and grew 22% from last year ● GAAP EPS from continuing operations was $0.73 ● Non-GAAP EPS”

ADVANCED ENERGY INDUSTRIES INC reported first quarter ended March 31, 2023 results: revenue $425.0 million, net income GAAP net income from continuing operations was $31.8 million, EPS $0.84 per diluted share.

“Sales were $425.0 million in the first quarter of 2023, compared with $490.7 million in the fourth quarter of 2022 and $397.5 million in the first quarter of 2022. GAAP net income from continuing operations was $31.8 million or $0.84 per diluted share in the quarter”

ADVANCED ENERGY INDUSTRIES INC reported quarter ended March 31, 2023 results: revenue $425 million, net income GAAP net income from continuing operations was $31.8 million, EPS GAAP EPS from continuing operations was $0.84.

“Advanced Energy Reports First Quarter 2023 Results ​ ● Revenue was $425 million, up 7% year-over-year and above the mid-point of guidance ● Industrial & Medical revenue was a quarterly record and grew 48% from last year ● GAAP EPS from continuing operations was $0.84 ● Non-GAAP EPS was $1.24, above the mid-point of guidance”

ADVANCED ENERGY INDUSTRIES INC reported year ended December 31, 2022 results: revenue $1.85 billion, net income $201.9 million, EPS $5.35.

“2022 revenue was a record $1.85 billion, a 27% increase from $1.46 billion in 2021. GAAP net income from continuing operations was a record $201.9 million or $5.35 per diluted share in 2022”

ADVANCED ENERGY INDUSTRIES INC reported fourth quarter ended December 31, 2022 results: revenue $490.7 million, net income $45.3 million, EPS $1.20.

“Sales were $490.7 million in the fourth quarter of 2022, compared with $516.3 million in the third quarter of 2022 and $396.9 million in the fourth quarter of 2021. GAAP net income from continuing operations was $45.3 million or $1.20 per diluted share in the quarter”

ADVANCED ENERGY INDUSTRIES INC reported third quarter ended September 30, 2022 results: revenue Sales were $516.3 million, net income GAAP net income from continuing operations was $74.9 million, Non-GAAP net income was $79.6 million, EPS GAAP EPS from continuing operations was $1.99, Non-GAAP EPS was $2.12.

“Sales were $516.3 million in the third quarter of 2022, compared with $440.9 million in the second quarter of 2022 and $346.1 million in the third quarter of 2021. GAAP net income from continuing operations was $74.9 million or $1.99 per diluted share in the quarter, compared with $44.8 million or $1.19 per diluted share in the prior quarter, and $21.0 million or $0.55 per diluted share a year ago. Non-GAAP net income was $79.6 million or $2.12 per diluted share in the third quarter of 2022.”

Brian Shirley was elected as Director at ADVANCED ENERGY INDUSTRIES INC.

“the Board of Directors (the “Board”) of Advanced Energy Industries, Inc. (the “Company”) elected Mr. Brian Shirley to serve as a member of the Board effective immediately.”

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

“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”

David Reed was elected as Director at ADVANCED ENERGY INDUSTRIES INC.

“On February 1, 2022, the Board of the Company elected Mr. David Reed to serve as a member of the Board effective immediately.”

Eduardo Bernal Acebedo was appointed as Executive Vice President and Chief Operations Officer at ADVANCED ENERGY INDUSTRIES INC.

“The Board of Directors of Advanced Energy Industries, Inc. (the “Company”) has appointed Eduardo Bernal Acebedo (“Mr. Bernal”) as the Company’s Executive Vice President and Chief Operations Officer effective on September 13, 2021”

Dana Huth resigned as Executive Vice President & Chief Revenue Officer at ADVANCED ENERGY INDUSTRIES INC.

“On July 7, 2021 (the “Effective Date”), Mr. Dana Huth, Executive Vice President & Chief Revenue Officer (“Mr. Huth”) of Advanced Energy Industries, Inc. (the “Company”) resigned his executive officer position as Executive Vice President & Chief Revenue Officer of the Company effective immediately.”