-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PbBhBii7ASLX/mWiYAKpvNpHxHzzW+EcEX7mw9yMIZ23wZ5FJbAaSoLXdA2GZ5tI psAYerj+LV1ODS4aQtuoZw== 0000912057-02-016117.txt : 20020423 0000912057-02-016117.hdr.sgml : 20020423 ACCESSION NUMBER: 0000912057-02-016117 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020422 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020423 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELECTRO SCIENTIFIC INDUSTRIES INC CENTRAL INDEX KEY: 0000726514 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 930370304 STATE OF INCORPORATION: OR FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12853 FILM NUMBER: 02618036 BUSINESS ADDRESS: STREET 1: 13900 NW SCIENCE PARK DR CITY: PORTLAND STATE: OR ZIP: 97229 BUSINESS PHONE: 5036414141 MAIL ADDRESS: STREET 1: 13900 NW SCIENCE PARK DRIVE CITY: PORTLAND STATE: OR ZIP: 97229-5497 8-K 1 a2077639z8-k.htm FORM 8-K
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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): April 22, 2002


ELECTRO SCIENTIFIC INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)

OREGON
(State or other jurisdiction
of incorporation)
  0-12853
(Commission
File Number)
  93-0370304
(IRS Employer
Identification No.)
     
13900 NW Science Park Drive, Portland, Oregon
(Address of principal executive offices)
  97229
(Zip Code)

Registrant's telephone number, including area code: (503) 641-4141

No Change
(Former name or former address, if changed since last report)





Item 5.  Other Events

        On April 22, 2002, Electro Scientific Industries, Inc. (the "Company") announced that Donald VanLuvanee has retired as president and chief executive officer of the Company and that Donald Bolender, the chairman of the board of directors, has been named acting chief executive officer and James Dooley, the chief financial officer, has been named senior vice president and acting chief operating officer. The Company's press release announcing these events is attached hereto as Exhibit 99.1.


Item 7.  Financial Statements and Exhibits

    (c)
    Exhibits.
    99.1
    Press release dated April 22, 2002.

2



SIGNATURE

        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.

         
Date: April 23, 2002.        
         
    Electro Scientific Industries, Inc.
         
         
    By   /s/  JOHN E. ISSELMANN, JR.      
John E. Isselmann, Jr.
General Counsel and Assistant Corporate Secretary

3



EXHIBIT INDEX

Exhibit

  Description

99.1   Press release dated April 22, 2002.

4




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Item 5. Other Events
Item 7. Financial Statements and Exhibits
SIGNATURE
EXHIBIT INDEX
EX-99.1 3 a2077639zex-99_1.htm EXIBIT 99.1
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EXHIBIT 99.1

Investors: Joe Reinhart
(503) 671-5500
Press: Fletcher Chamberlin
(503) 671-5233

FOR IMMEDIATE RELEASE

Don VanLuvanee Retires as President and CEO of ESI

Portland, Oregon (April 22, 2002)—Electro Scientific Industries, Inc. (NasdaqTM—ESIO) announced today that Donald R. VanLuvanee has retired as president and chief executive officer of the company. The company's board of directors will commence a search to identify a replacement for Mr. VanLuvanee. David F. Bolender, chairman of the board of directors, has been named acting chief executive officer, and James T. Dooley has been named Senior Vice President and acting chief operating officer. Mr. Dooley will also continue as the chief financial officer of the company. Mr. VanLuvanee will be a consultant to the company.

"Don's leadership has made an enormous and lasting contribution to ESI in the last decade," said Mr. Bolender. "As our business begins to recover from the recent industry downturn, he leaves the company with excellent market positions, a steady flow of new products, a skilled management team and a very solid balance sheet. We appreciate Don's many contributions and wish him the very best."

"I am proud of the team that ESI has built," said Mr. VanLuvanee. "We have channeled the company's leading-edge technology into products that add significant value for our customers and have generated significant long-run shareholder returns. I look forward to continuing my association with the company, on a much reduced level, as I primarily focus on the items necessary to minimize the current and future impact of my stroke."

Mr. VanLuvanee, 57, became president and CEO of ESI in 1992, when the company had $58 million in revenue. In the most recent full fiscal year, ended June 2, 2001, revenues totaled $496 million. Mr. VanLuvanee is a board member of FEI Company of Hillsboro, Oregon and Micro Component Technology of Minneapolis, Minnesota. He is chair of the Oregon State Board of Higher Education, a national director at large of the American Electronics Association, a director of the Oregon Business Council and a board member of Associated Oregon Industries, along with numerous other civic and business associations.

About ESI

ESI, headquartered in Portland, Oregon, designs and manufactures sophisticated products used around the world in electronics manufacturing including: laser manufacturing systems for semiconductor yield improvement; production and test equipment for the manufacture of surface mount ceramic capacitors; laser trim systems for precise electrical tuning of circuits; precision laser and mechanical drilling systems for electronic interconnection; and machine vision systems. Electro Scientific Industries is traded on the NASDAQ National Market System under the symbol, "ESIO." ESI's web site is http://www.esi.com.

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EXHIBIT 99.1
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