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
July 12, 2023
Date of Report (date of earliest event reported)
(Exact name of Registrant as specified in its charter)
| State of Delaware | 0-26946 | 94-3125814 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification Number) |
3560 Bassett Street
Santa Clara, CA 95054
(Address of principal executive offices)
(408) 986-9888
(Registrant’s telephone number, including area code)
N/A
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
| Common Stock ($0.001 par value) | IVAC | The Nasdaq Stock Market LLC (Nasdaq) Global Select |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Retirement of CFO
On July 12, 2023, James Moniz informed Intevac, Inc. (the “Company”) of his decision to retire and resign from his positions as the Company’s Executive Vice President, Finance and Administration, Chief Financial Officer, Secretary and Treasurer, effective August 4, 2023. Mr. Moniz will continue to direct the Company’s finance organization until his departure date. The Company has engaged an executive recruiting firm and is in the process of conducting an executive search for a new Chief Financial Officer.
Appointment of Interim CFO
On July 14, 2023, the Company’s Board of Directors appointed Kevin H. Soulsby as interim Chief Financial Officer. In this role, Mr. Soulsby will assume the responsibilities of principal financial officer and principal accounting officer until the Board appoints a replacement.
Mr. Soulsby, 66, joined Intevac in February 1991 and served as Corporate Controller from 1995 through 2019 and as Managing Director, Tax & Risk Management from 2019 through the present. Mr. Soulsby holds an MBA and a BSC in Accounting from Santa Clara University.
There are no family relationships between or among Mr. Soulsby and any director, executive officer, or any person nominated or chosen by the Company to become a director or officer. There have been no related person transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Mr. Soulsby and the Company, nor are any such transactions currently proposed.
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 hereunto duly authorized.
| INTEVAC, INC. | ||||||
| Date: July 18, 2023 | /s/ JAMES MONIZ | |||||
| James Moniz | ||||||
| Executive Vice President, Finance and Administration, Chief Financial Officer, Secretary and Treasurer | ||||||