Axcelis Technologies, Inc. filed a Form 8-K on October 27, 2026, disclosing the appointment of Jeroen Delsman as Executive Vice President and Chief Financial Officer, effective November 12, 2026, along with the terms of his compensatory arrangements.

Key Highlights

  • New CFO appointed: Jeroen Delsman, age 50, was appointed Executive Vice President and Chief Financial Officer by the Board of Directors on October 24, 2026, effective November 12, 2026.
  • Annual base salary: Mr. Delsman will receive an annual base salary of $500,000.
  • Sign-on cash bonus: He will receive a $352,000 sign-on cash bonus, payable upon commencement of employment, subject to repayment if he voluntarily separates or is terminated for cause within one year.
  • Sign-on RSU award: He will receive a sign-on restricted stock unit award with a grant date value of $1,200,000, vesting in three tranches over three years.
  • Relocation bonus: He will receive an $80,000 relocation bonus for housing, travel, lodging, and related expenses during his first year of employment.
  • Predecessor role: David Ryzhik, who served as interim Chief Financial Officer, will continue at the company as Senior Vice President of Corporate Development and Investor Relations.
  • Pending merger context: Subject to board approval following the closing of a pending merger with Veeco, Mr. Delsman is expected to receive a three-year performance-based special equity grant with a grant date target value of $1,200,000.

Delsman's Appointment, Background, and Compensation at Axcelis Technologies

According to the filing, Axcelis Technologies (NASDAQ:ACLS) disclosed that its Board of Directors appointed Jeroen Delsman as Executive Vice President and Chief Financial Officer on October 24, 2026, with an effective date of November 12, 2026. Mr. Delsman, age 50, "brings 18 years of semiconductor industry experience and more than 26 years of finance and accounting experience to the Company," the filing stated. He most recently served as Vice President of Ferrotec USA Corporation, a subsidiary of Ferrotec Corporation, a Tokyo-based advanced materials and manufacturing solutions company.

Prior to Ferrotec, the filing indicated Mr. Delsman served as Vice President of Finance and Controller of the printed circuit board division of Sanmina Corporation, and as Vice President of Business Finance and Operations at Veeco Instruments Inc. He has also held finance leadership roles at Lam Research Corporation, Novellus Systems, Inc., McKesson Corporation, and Silicon Graphics, Inc., and began his career in the financial audit division of KPMG in the Netherlands. He holds a Bachelor of Science in Accounting from The Hague University of Applied Sciences and a Master of Business Administration from California Polytechnic State University, San Luis Obispo, according to the filing.

The offer letter agreement, dated October 26, 2026, sets Mr. Delsman's annual base salary at $500,000. He will be eligible to participate in the Axcelis Team Incentive plan starting in 2027, with a target equal to 75% of his base salary. In addition to the $352,000 sign-on cash bonus and $80,000 relocation bonus, the filing noted he will receive annual equity awards with an expected grant date target value of at least $1,200,000. The filing also disclosed that Mr. Delsman will be subject to an Indemnification Agreement, a Change in Control Severance Agreement with a lump-sum severance multiple of 1.5 under Section 2.2, and an Executive Separation Pay Agreement.

What Was Disclosed

Axcelis Technologies filed an 8-K on October 27, 2026, reporting the appointment of Jeroen Delsman as Executive Vice President and CFO effective November 12, 2026, and providing the full terms of his compensation package, including salary, bonuses, and equity awards.