ENTEGRIS INC 8-K

What Happened

• Entegris, Inc. announced on April 30, 2026 that Sukhi Nagesh will join the company as Senior Vice President and Chief Financial Officer, effective May 18, 2026. Mr. Nagesh will succeed Michael Sauer, who has been serving as Interim CFO since March 1, 2026 and will resume his role as Vice President, Chief Accounting Officer. The company states Mr. Sauer’s change in role is not due to any disagreement with the company.

Key Details

• Start date: May 18, 2026.
• Base salary: $590,000 per year.
• Short-term incentive: annual target bonus equal to 70% of base salary (prorated for 2026).
• Sign-on bonus: $200,000 (repayable if Mr. Nagesh voluntarily resigns within 12 months).
• Initial equity award: target grant date value of $2,100,000 (50% time‑based restricted share units; 50% performance share units).
• Severance: if terminated without cause (not in connection with a change in control) and upon timely execution of a release, eligible for a lump-sum cash severance equal to one year’s base salary and 12 months of subsidized medical coverage.
• Background: ~30 years in finance/strategy and semiconductor/tech industry roles (most recently Head of Corporate Development and M&A at The Nielsen Company; prior roles at GlobalFoundries and Marvell).

Why It Matters

• This is a material executive change (Item 5.02) establishing a permanent CFO with deep semiconductor and M&A experience. Investors should note the compensation and equity package (base pay, bonus target, sign‑on, and $2.1M equity target) as indicators of the company’s retention and incentive structure for its finance leader. The filing also confirms the transition is orderly: the interim CFO will remain on the management team and there are no reported disagreements with the company.