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Axcelis Technologies Approves Equity Plan Amendment at Annual Meeting

Story Highlights
  • Stockholders approved an amendment to increase shares in the Equity Incentive Plan.
  • The board appointed Jorge Titinger as Non-Executive Chairperson and ratified Ernst & Young as auditors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Confident Investing Starts Here:

An announcement from Axcelis Technologies ( (ACLS) ) is now available.

At the 2025 annual meeting held on May 7, Axcelis Technologies‘ stockholders approved an amendment to the 2012 Equity Incentive Plan, increasing the number of shares reserved for future issuance by 3,000,000. Additionally, the board fixed its size at eight members and appointed Jorge Titinger as the Non-Executive Chairperson. The meeting also ratified the appointment of Ernst & Young LLP as independent auditors and approved the executive compensation for 2024.

Spark’s Take on ACLS Stock

According to Spark, TipRanks’ AI Analyst, ACLS is a Outperform.

Axcelis Technologies maintains a strong financial position with impressive profitability and a solid balance sheet. While its valuation is attractive, bearish technical indicators and challenges highlighted in the earnings call, such as declining shipments and reduced revenue from China, present notable risks. The overall score reflects these strengths and challenges.

To see Spark’s full report on ACLS stock, click here.

More about Axcelis Technologies

Average Trading Volume: 767,512

Technical Sentiment Signal: Sell

Current Market Cap: $1.76B

Find detailed analytics on ACLS stock on TipRanks’ Stock Analysis page.

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