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Stock impact report

Intevac Announces Appointment of Ryan L. Vardeman to Board of Directors

Intevac, Inc. (IVAC) 
Last intevac, inc. earnings: 4/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.intevac.com/events.cfm
Company Research Source: Business Wire
SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Ryan L. Vardeman to its board of directors (the “Board”), effective immediately. Mr. Vardeman is a principal and co-founder of Palogic Value Fund, L.P. (“Palogic”), which is a substantial shareholder of Intevac.“We are pleased to welcome Ryan to the Board,” said Kevin Barber, chair of the Board. “We look forward to Ryan’s contributions as a director and believe that he will further enhance the strength of our Board as we focus on building value for all stockholders.”“I believe that Intevac is an outstanding company,” said Mr. Vardeman. “I look forward to working with the Board and supporting the management team as they continue to execute on initiatives to improve profitability, drive greater operational efficiency and enhance value creation.”In connection with the appointment of Mr. Vardeman, Intevac and Palogic entered into a Show less Read more
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