News Column

INTEVAC INC FILES (8-K) Disclosing Change in Directors or Principal Officers, Financial Statements and Exhibits

September 4, 2014



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On August 29, 2014, Jeffrey S. Andreson, Executive Vice President, Finance and Administration, Chief Financial Officer, Treasurer and Secretary of Intevac Inc. ("Intevac"), advised Intevac that he would be resigning as Chief Financial Officer of the company, effective September 19, 2014, to accept a new job opportunity with another technology company. The Company is in the process of conducting a search for a new chief financial officer.

Upon Mr. Andreson's departure, Charles B. Eddy will assume the role of interim Chief Financial Officer until a new Chief Financial Officer is appointed and will report to Wendell Blonigan, the Company's President and Chief Executive Officer. Mr. Eddy held the position of Chief Financial Officer at Intevac from 1991 through his retirement in August 2007. Mr. Eddy will receive an annual base salary of $300,000 while acting as interim Chief Financial Officer and will not be eligible for a bonus. Mr. Andreson will continue to direct the Company's finance organization until his departure date, and will assist with the transition.

A copy of the press release announcing Mr. Andreson's departure is filed with this Current Report on Form 8-K as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits 99.1 Press Release entitled "Intevac CFO to Resign for New Job Opportunity"



--------------------------------------------------------------------------------

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.

INTEVAC, INC. Date: September 4, 2014 By: /s/ JEFFREY ANDRESON Jeffrey Andreson Executive Vice President, Finance and Administration, Chief Financial Officer, Treasurer and Secretary -2-



--------------------------------------------------------------------------------


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Edgar Glimpses


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters