-----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, I3ia90e0Dgpq8Pc2F/vkLgOLGhDVUIJyguLAYAQCT9xwb/iiOgytq3YnqQQUNAVK q5tbyPj5+C4mXG8NWIJT2Q== 0000908737-02-000227.txt : 20020627 0000908737-02-000227.hdr.sgml : 20020627 20020627153736 ACCESSION NUMBER: 0000908737-02-000227 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020620 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADE CORP CENTRAL INDEX KEY: 0000884498 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 042441829 STATE OF INCORPORATION: MA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26714 FILM NUMBER: 02689274 BUSINESS ADDRESS: STREET 1: 80 WILSON WAY CITY: WESTWOOD STATE: MA ZIP: 02090 BUSINESS PHONE: 6174673500 MAIL ADDRESS: STREET 1: 77 ROWE ST CITY: NEWTON STATE: MA ZIP: 02166 8-K 1 ade_8k.txt 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): June 20, 2002 ADE CORPORATION (Exact name of registrant as specified in its charter) Massachusetts 0-26714 04-2441829 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 80 Wilson Way Westwood, Massachusetts 02090 (Address of principal executive offices, including zip code) (781) 467-3500 (Registrant's telephone number, including area code) Item 5. Other Events On June 20, 2002, ADE Corporation (the "Company") announced the election of Chris Koliopoulos, Ph.D., as president and chief executive officer, effective immediately. He succeeds Robert C. Abbe, who had served as president and chief executive officer since he founded the Company in 1967. Dr. Koliopoulos will continue to serve as a director of the Company. Mr. Abbe will become a consultant to the Company and remains a member of the Company's Board of Directors. For more information, see the Company's press release, dated June 20, 2002, which is attached herewith as Exhibit 99 and incorporated by reference herein. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits. Exhibit No. Item 99 Press Release, dated June 20, 2002. 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 thereunto duly authorized. ADE CORPORATION (Registrant) By: /s/ Brian C. James Brian C. James Executive Vice President, Treasurer and Chief Financial Officer Date: June 27, 2002 EX-99 3 ex-99.txt Exhibit 99 [GRAPHIC OMITTED] NEWS RELEASE FOR IMMEDIATE RELEASE CONTACT: Brian James Executive VP and Chief Financial Officer June 20, 2002 (781) 467-3500 ADE CORPORATION NAMES NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER WESTWOOD, Mass. - ADE Corporation (Nasdaq: ADEX), a leading supplier of wafer measurement and inspection systems for the silicon manufacturing industry, today announced the election of Chris Koliopoulos, Ph.D., as president and chief executive officer, effective immediately. He succeeds Robert C. Abbe, 64, who has served as president and chief executive officer since he founded the Company in 1967. Dr. Koliopoulos, 49, will continue to serve as a director of the Company. He previously served as a corporate vice president and president of the Company's subsidiary, ADE Phase Shift. Mr. Abbe will become a consultant to the Company and remains a member of the ADE Board of Directors. "On behalf of the entire board, I would like to extend my sincere thanks to Robert for the legacy of technology excellence he created for ADE," said Landon Clay, chairman of ADE's Board of Directors. "He was the driving force behind a series of breakthroughs over the past 35 years that enabled ADE to establish itself as the world's leading supplier of metrology and inspection systems for the silicon wafer and data storage industries." "At the same time, we are pleased to be promoting Chris to this position," Mr. Clay continued. "He is a highly respected industry veteran who has played a critical and growing role in establishing the Company's technical preeminence in optical metrology. Chris possesses a solid understanding of ADE technologies, customers and markets and has the ability to translate this understanding into new business." "Robert has been a visionary in the industry for nearly four decades and has set the stage for ADE's next growth phase," said Dr. Koliopoulos. "I look forward to following in his footsteps and extending the Company's long tradition of advanced technology leadership. The top priorities of our management team will be to capitalize fully on the expected ramp up in 300mm capital equipment spending and return ADE to profitability." Dr. Koliopoulos co-founded Phase Shift Technology, Inc., which merged with ADE in 1998. Since then, he spearheaded the development of ADE's NanoMapper wafer nanotopography system, which has become widely recognized as the worldwide industry standard for qualifying incoming 300mm silicon wafers. Prior to founding Phase Shift, Dr. Koliopoulos founded and served as president of WYKO Corporation, a provider of optical interferometric metrology systems, now part of Veeco. Dr. Koliopoulos also served on the faculty of the Optical Sciences Center at the University of Arizona. Dr. Koliopoulos has a Bachelor of Science degree in optics from the University of Rochester. He earned his Master of Science and Ph. D. degrees in optics from the University of Arizona. Conference Call Reminder ADE will host a conference call to discuss this announcement as well as the Company's fourth-quarter financial results on Wednesday, June 26, 2002 at 8:30 a.m. Eastern Time (ET). To participate in the webcast, please visit the "Investor Relations" section at the ADE website, located at www.ade.com, fifteen minutes prior to the start of the conference call. This will allow participants the time to download and install any necessary audio software. The software and broadcast can be obtained at no charge to the user. A replay of the call will be available on the website two hours after the completion of the conference call and will continue to be available for a period of one week. About ADE Corporation ADE Corporation is a leading supplier of metrology and inspection systems for the silicon wafer and data storage industries. The Company's systems analyze and report product quality at critical manufacturing process steps and provide quality certification data that is relied upon by semiconductor and data storage manufacturers. The Company's systems also are used in the fabrication of integrated circuits. To learn more about ADE, visit the Company's Web site at www.ade.com. This news release contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Those statements that make reference to the Company's expectations, predictions and anticipations should be considered forward-looking statements. These statements include, but are not limited to, those associated with maintaining and enhancing ADE's market opportunities, the anticipated ramp up of 300mm spending and those associated with the Company's return to profitability. These statements involve risks and uncertainties including those associated with the success of ADE's product offerings in meeting customer needs within the timeframes required by customers in these markets. Further information on potential factors that could affect ADE Corporation's business is described in the Company's reports on file with the Securities and Exchange Commission, including its Form 10-K for the fiscal year ended April 30, 2001. -----END PRIVACY-ENHANCED MESSAGE-----