UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of New Director
On November 12, 2019, Veeco’s Board of Directors voted to increase the size of the Board from eight to nine directors and to appoint Mary Jane Raymond as a Class III director, to hold office until the 2021 Annual Meeting of Stockholders. Ms. Raymond was identified through a search process which was commenced earlier this year in connection with the Board’s desire for increased diversity. The search process was led by the Governance Committee and used the services of an outside search firm.
Ms. Raymond, age 59, has served as Chief Financial Officer of II-VI Incorporated, a global leader in engineered materials and optoelectronic components, since joining in 2014. Before II-VI, Ms. Raymond worked for Hudson Global, a professional recruitment and talent management firm, as Chief Financial Officer from 2005 to 2013, and for Dun and Bradstreet from 2002 to 2005, as Chief Risk Officer and prior thereto Vice President and Corporate Controller. Ms. Raymond holds a Bachelor of Arts degree from St. Joseph’s University and an MBA from the Stanford Graduate School of Business. Ms. Raymond is also a certified management accountant.
Consistent with Veeco’s director compensation policy, Ms. Raymond was granted restricted shares of Veeco common stock having a value of $120,000, the restrictions on which will lapse on the earlier to occur of: (i) the date immediately preceding the date of Veeco’s 2020 Annual Meeting of Stockholders and (ii) the first anniversary of the award date.
Veeco also entered into its standard form of indemnification agreement with Ms. Raymond on substantially the same terms as those entered into with our other directors and executive officers.
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.
November 14, 2019 | VEECO INSTRUMENTS INC. | |
By: | /s/ Gregory A. Robbins | |
Name: Gregory A. Robbins | ||
Title: Senior Vice President and General Counsel | ||
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Document and Entity Information |
Nov. 12, 2019 |
|---|---|
| Document and Entity Information [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Nov. 12, 2019 |
| Entity Registrant Name | VEECO INSTRUMENTS INC. |
| Entity Incorporation, State or Country Code | DE |
| Entity File Number | 0-16244 |
| Entity Tax Identification Number | 11-2989601 |
| Entity Address, Address Line One | Terminal Drive |
| Entity Address, City or Town | Plainview |
| Entity Address, State or Province | NY |
| Entity Address, Postal Zip Code | 11803 |
| City Area Code | 516 |
| Local Phone Number | 677-0200 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, par value $0.01 per share |
| Trading Symbol | VECO |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0000103145 |
| Amendment Flag | false |