UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 4, 2016
VEECO INSTRUMENTS INC.
(Exact name of registrant as specified in its charter)
Delaware |
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0-16244 |
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11-2989601 |
Terminal Drive, Plainview, New York 11803
(Address of principal executive offices)
(516) 677-0200
(Registrants telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 4, 2016, Veeco Instruments Inc. (Veeco) issued a press release announcing that William J. Miller, Ph.D., age 47, had been appointed President of Veeco, effective immediately. A copy of the press release is furnished as Exhibit 99.1 to this report.
Prior to this appointment, Dr. Miller served as Executive Vice President, Process Equipment since 2011, where he guided the strategic direction and product development for Veecos etch and deposition product lines. Dr. Miller joined Veeco in 2002 and has held a series of technology and operational leadership roles with increasing levels of responsibility. Prior to this promotion, he served as Executive Vice President, Process Equipment. He was Executive Vice President, Compound Semiconductor from July 2010 until December 2011. Prior thereto, he was Senior Vice President and General Manager of Veecos MOCVD business beginning in January 2009. From January 2006 to January 2009, Dr. Miller was Vice President, General Manager of Veecos Data Storage equipment business. Prior to Veeco, Miller worked for Advanced Energy and Exxon holding various engineering and operations leadership positions. He earned his doctoral, masters and bachelors degrees in Mechanical Engineering from the University of Pennsylvania.
In connection with the appointment, Veeco increased Dr. Millers base salary and target bonus percentage to $460,000 and 100%, respectively, and awarded Dr. Miller shares of restricted stock having a value of $250,000. These restricted stock awards are subject to a substantial risk of forfeiture which will lapse, subject to Dr. Millers continued employment, on the third anniversary of the award.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit |
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Description |
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99.1 |
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Press release issued by Veeco dated January 4, 2016 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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VEECO INSTRUMENTS INC. | |
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January 4, 2016 |
By: |
/s/ Gregory A. Robbins |
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Gregory A. Robbins |
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Senior Vice President and General Counsel |
EXHIBIT INDEX
Exhibit |
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Description |
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99.1 |
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Press release issued by Veeco dated January 4, 2016 |
EXHIBIT 99.1
NEWS |
VEECO ANNOUNCES PROMOTION OF WILLIAM J. MILLER TO PRESIDENT
PLAINVIEW, N.Y.January 4, 2015 Veeco Instruments Inc. (Nasdaq:VECO) today announced that William J. Miller, Ph.D. has been promoted to President, effective immediately. In his new role, Dr. Miller will have direct responsibility over all of Veecos business units and central R&D. He will also oversee global manufacturing operations, a responsibility he assumed in 2015.
Dr. Miller served as Executive Vice President, Process Equipment since 2011, where he guided the strategic direction and product development for Veecos etch and deposition product lines.
Bill is a proven leader and has played a pivotal role in executing Veecos growth strategies, said John Peeler, Veecos Chairman and Chief Executive Officer. Among his many accomplishments, Bill was instrumental in catapulting our Metal Organic Chemical Vapor Deposition (MOCVD) business to the leadership position we enjoy today. I am confident that Bill will excel in his new role and I look forward to continuing to work with him in the years ahead.
Dr. Miller joined Veeco in 2002 and has held a series of technology and operational leadership roles with increasing levels of responsibility. Prior to this promotion, he served as Executive Vice President, Process Equipment. He was Executive Vice President, Compound Semiconductor from July 2010 until December 2011. Prior thereto, he was Senior Vice President and General Manager of Veecos MOCVD business beginning in January 2009. From January 2006 to January 2009, Dr. Miller was Vice President, General Manager of Veecos Data Storage equipment business. Prior to Veeco, Miller worked for Advanced Energy and Exxon holding various engineering and operations leadership positions. He earned his doctoral, masters and bachelors degrees in Mechanical Engineering from the University of Pennsylvania.
It is a tremendous honor to be named President of Veeco, Miller said. Having spent the majority of my career with Veeco, it has been very gratifying to be part of such an exceptional organization. I am excited by our future prospects and look forward to playing a part in Veecos continued success.
About Veeco
Veecos process equipment solutions enable the manufacture of LEDs, displays, power electronics, compound semiconductors, hard disk drives, semiconductors, MEMS and wireless chips. We are the leader in MOCVD, MBE, Ion Beam, Wet Etch single wafer processing and other advanced thin film process technologies. Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. For information on our company, products and worldwide service and support, please visit www.veeco.com.
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Managements Discussion and Analysis sections of Veecos Annual Report on Form 10-K for the year ended December 31, 2014 and in our subsequent quarterly reports on Form 10-Q, current reports on Form 8-K and press releases. Veeco does not undertake any obligation to update any forward-looking statements to reflect future events or circumstances after the date of such statements.
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Veeco Contacts: |
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Investors: |
Media: |
Shanye Hudson 516-677-0200 x1272 shudson@veeco.com |
Jeffrey Pina 516-677-0200 x1222 |
jpina@veeco.com |
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