Form 8-K · Current Report · Filed 2024-04-01
MKS Instruments CFO Retires, CEO Takes Over as Interim Principal Financial Officer
On April 1, 2024, MKS Instruments, Inc. announced the retirement of Seth H. Bagshaw, Executive Vice President, Chief Financial Officer, and Treasurer. Following his retirement, John T.C. Lee, President and Chief Executive Officer, assumed the role of Principal Financial Officer on an interim basis until the company finds a successor. Dr. Lee's biographical information is detailed in the Company's Definitive Proxy Statement on Schedule 14A filed with the SEC on March 27, 2024.
- Filer
- MKS Instruments Inc. MKSI · NASDAQ
- Filed
- Accession
- 0001193125-24-083409
- CIK
- 0001049502
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$133.00
Next session
-2.2%
Since filing
+123.6%
Latest close
$297.45
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MKSI reporting the same item, with the next session's move:
About MKS Instruments Inc.
MKS Instruments Inc. designs and manufactures instruments, subsystems, and process control solutions for advanced manufacturing processes. The company's primary function is to provide essential technologies for manufacturers of semiconductors, industrial technologies, life and health sciences, and other advanced products. MKS Instruments focuses on critical areas like vacuum and gas technologies, photonics, and laser solutions, enabling precise measurement, control, and analysis crucial for product quality and efficiency. MKS Instruments plays a vital role in the semiconductor industry by offering products that ensure the precision and accuracy required for advanced fabrication processes. The company's innovative technologies are also significant in areas such as aerospace, defense, and research sectors, where precision and reliability are paramount. With a legacy dating back to 1961, MKS Instruments has cemented its position in the financial markets as a trusted provider of advanced technology solutions. Its contributions are pivotal in supporting the development of next-generation technologies, making it a key player in driving technological advancement and efficiency across multiple industries.
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