MKS Instruments Announces CFO Change and CEO Employment Agreement
Ticker: MKSI · Form: 8-K · Filed: Apr 1, 2024 · CIK: 1049502
Sentiment: neutral
Topics: executive-change, employment-agreement, cfo-appointment
Related Tickers: MKSI
TL;DR
MKS Instruments CFO Mark Miller is out April 5th, Sarah White is in April 8th. CEO Philip Regnault also got a new employment deal.
AI Summary
MKS Instruments, Inc. announced on April 1, 2024, the departure of its Chief Financial Officer, Mark Miller, effective April 5, 2024. The company also announced the appointment of Sarah D. White as the new CFO, effective April 8, 2024. Additionally, MKS Instruments entered into a new employment agreement with its Chief Executive Officer, Philip Regnault.
Why It Matters
This filing indicates a leadership transition in the finance department, which could impact investor confidence and financial strategy. The new CEO employment agreement suggests continued commitment from current leadership.
Risk Assessment
Risk Level: medium — Changes in key executive positions, particularly the CFO, can introduce uncertainty and potential strategic shifts, warranting a medium risk assessment.
Key Players & Entities
- MKS Instruments, Inc. (company) — Registrant
- Mark Miller (person) — Departing Chief Financial Officer
- Sarah D. White (person) — Appointed Chief Financial Officer
- Philip Regnault (person) — Chief Executive Officer
- April 1, 2024 (date) — Date of Report
- April 5, 2024 (date) — Effective date of CFO departure
- April 8, 2024 (date) — Effective date of new CFO appointment
FAQ
Who is the new Chief Financial Officer of MKS Instruments?
Sarah D. White has been appointed as the new Chief Financial Officer, effective April 8, 2024.
When is the current CFO, Mark Miller, leaving MKS Instruments?
Mark Miller's departure as Chief Financial Officer is effective April 5, 2024.
What other executive compensation matter is reported in this filing?
MKS Instruments entered into a new employment agreement with its Chief Executive Officer, Philip Regnault.
What is the exact date of this 8-K filing?
The filing date is April 1, 2024.
In which state is MKS Instruments incorporated?
MKS Instruments, Inc. is incorporated in Massachusetts.
Filing Stats: 572 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-04-01 16:19:02
Filing Documents
- d782021d8k.htm (8-K) — 22KB
- 0001193125-24-083409.txt ( ) — 141KB
- mksi-20240401.xsd (EX-101.SCH) — 3KB
- mksi-20240401_lab.xml (EX-101.LAB) — 18KB
- mksi-20240401_pre.xml (EX-101.PRE) — 11KB
- d782021d8k_htm.xml (XML) — 4KB
SIGNATURES
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. MKS Instruments, Inc. Date:April 1, 2024 By: /s/ Kathleen F. Burke Name: Kathleen F. Burke Title: Executive Vice President, General Counsel & Secretary