Axt Inc 8-K, filed Jan 3, 2022
Axt Inc (AXTI)
About this 8-K
Axt Inc filed this 8-K on January 3, 2022, reporting on events of December 29, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
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SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On December 29, 2021, Leonard J. LeBlanc, a member of the Board of Directors (the “Board”) of AXT, Inc (the “Company”) since April 2003 and a Class III director, notified the Board of his decision to resign from the Board and all committees thereof, effective as of December 29, 2021. Mr. LeBlanc’s resignation is not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. LeBlanc will become a director emeritus, effective as of December 29, 2021.
Effective as of Mr. LeBlanc’s resignation from the Board and all committees thereof, the Board appointed Christine Russell as chair of the Audit Committee of the Board and Jesse Chen as chair of the Nominating and Corporate Governance Committee of the Board.
The Board has reduced the number of authorized directors to four members, effective as of Mr. LeBlanc’s resignation from the Board.
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.
| AXT, INC. | |
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Date: January 3, 2022 | By: | /s/ Gary L. Fischer |
| | Gary L. Fischer |
| | Chief Financial Officer and Corporate Secretary |