Intevac (IVAC) has issued an update.
Intevac, Inc. has expanded its Board of Directors to six members, welcoming Mr. Eiji Miyanaga, former CEO of Ferrotec (USA) Corporation, to its ranks. Miyanaga’s appointment comes without any prior arrangements or undisclosed transactions. Along with his new role, he’s been incentivized with an option to purchase shares and granted restricted stock units, both maturing in 2025, assuming he remains with the company. His compensation also includes a standard cash payment for non-employee directors.
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