– USA, CA – Ultratech, Inc. (Nasdaq:UTEK), a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and highbrightness LEDs, as well as atomic layer deposition systems, today announced that, based on preliminary voting results provided by its proxy solicitor following the Company’s 2016 Annual Meeting of Stockholders, stockholders have voted to elect Dr. Paramesh Gopi, the director nominee put forth by Ultratech, as well as Dr. Ronald Black and Ms. Beatriz Infante, the director nominees put forth by Neuberger Berman. The Board will be comprised of seven directors and will also include: Arthur W. Zafiropoulo, Michael Child, Dennis R. Raney and Henri Richard.
Commenting on the results, Ultratech issued the following statement: All of the directors on Ultratech’s Board are united in their commitment to enhancing value for Ultratech stockholders. The Ultratech Board and management team look forward to working collaboratively with Dr. Gopi, Dr. Black and Ms. Infante to build upon the Company’s positive momentum.
Ultratech thanks Rick Timmins, Nicholas Konidaris and Joel Gemunder for their many years of service to the Company. Their leadership, knowledge and expertise have contributed greatly to our success. We wish them well in the future.
In addition, Ultratech appreciates the consideration and support of our stockholders, as well as the many insights that have been offered to our Board and management team, throughout this process.
About Ultratech
Ultratech, Inc. (Nasdaq: UTEK) designs, builds and markets manufacturing systems for the global technology industry. Founded in 1979, Ultratech serves three core markets: front-end semiconductor, back-end semiconductor, and nanotechnology. The company is the leading supplier of lithography products for bump packaging of integrated circuits and high-brightness LEDs. Ultratech is also the market leader and pioneer of laser spike anneal technology for the production of advanced semiconductor devices. In addition, the company offers solutions leveraging its proprietary coherent gradient sensing technology to the semiconductor wafer inspection market and provides atomic layer deposition tools to leading research organizations, including academic and industrial institutions.
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