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AI brief of an SEC Form 8-K · Axcelis Technologies (ACLS)

Axcelis CFO James Coogan to resign; David Ryzhik named interim CFO

Neutral Impact 4 of 5 leadership Written later

Axcelis Technologies said Chief Financial Officer James Coogan will leave effective April 24, 2026, and the board named David Ryzhik, its Senior Vice President of Investor Relations and Corporate Strategy, as interim CFO effective March 12, 2026. The company said it will search for a permanent CFO with an executive search firm, and the filing says Coogan's departure did not result from any disagreement over financial statements, operations, policies, or practices.

Key points

  • James Coogan notified the company on March 10, 2026 of his intent to resign as CFO, effective April 24, 2026
  • David Ryzhik, 46, appointed interim CFO effective March 12, 2026, with a monthly base salary increase of $8,750
  • Ryzhik's compensation includes a monthly bonus opportunity increase of $27,242 and RSUs with a grant date fair value of $400,000
  • CEO Russell Low cited Ryzhik's role in the pending merger with Veeco

The filing

CompanyAxcelis Technologies (ACLS)
Form8-K, current report
Filed with the SECMar 12, 2026, 4:36 PM ET
Accession number0001104659-26-027104

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 12, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.