AXCELIS TECHNOLOGIES INC 8-K

What Happened Axcelis Technologies, Inc. (ACLS) filed an 8-K reporting the results of its 2026 Annual Meeting held May 5, 2026 at the company’s offices in Beverly, Massachusetts. Of 30,729,970 shares eligible to vote (record date March 12, 2026), 27,730,608 shares (90.24%) were present in person or by proxy. All eight director nominees were elected by plurality vote. Stockholders also ratified Ernst & Young LLP as the company’s independent registered public accounting firm for 2026 and approved, on an advisory basis, the company’s executive compensation for 2025.

Key Details

• Meeting turnout: 27,730,608 shares present (90.24% of outstanding shares as of March 12, 2026).
• Director elections (For votes and % of total voted For):
  • Tzu-Yin Chiu: 24,713,401 For (97.71%)
  • Gregory Graves: 23,996,653 For (94.87%)
  • John Kurtzweil: 22,672,494 For (89.64%)
  • Russell Low: 24,880,084 For (98.36%)
  • Jeanne Quirk: 22,297,935 For (88.16%)
  • Necip Sayiner: 24,973,530 For (98.73%)
  • Thomas St. Dennis: 22,666,006 For (89.61%)
  • Jorge Titinger: 24,862,803 For (98.30%)
• Auditor ratification (Proposal 2): 25,444,085 For; 2,266,088 Against; 20,435 Abstain — 91.82% of votes cast were in favor.
• Advisory "say-on-pay" (Proposal 3): 22,860,849 For; 2,381,859 Against; 51,140 Abstain; plus 2,436,760 broker non‑votes — 90.56% of votes cast were in favor.

Why It Matters These results confirm board continuity with all eight nominees elected and provide shareholder approval for the company’s auditor (Ernst & Young) and executive compensation as disclosed in the proxy. For investors, the outcomes maintain existing governance and auditing relationships and indicate strong shareholder support for management and compensation policies; the advisory compensation vote is non-binding but is considered by the board when setting pay practices.