8-KLeadership ChangesExhibits & Filings

ENTEGRIS INC 8-K Report, Executive Changes (Dec 12, 2013)

Filed December 12, 2013For Securities:ENTG

Summary

Entegris, Inc. (ENTG) filed a Form 8-K on December 12, 2013, to report a significant change in its Board of Directors. Effective December 10, 2013, the company elected Jim Gentilcore as a new director. Mr. Gentilcore brings extensive experience from chief executive roles in technology companies, most recently as CEO of Edwards Group Limited. His appointment is expected to bring valuable insights to the Board. The addition of Mr. Gentilcore increases the Board size to nine members. He has been appointed to serve on the Audit and Finance Committee and the Management Development and Compensation Committee, indicating his active role in critical governance areas. The filing explicitly states no related-person transactions exist between Mr. Gentilcore and the company.

Key Highlights

  • 1Entegris appointed Jim Gentilcore as a new director to its Board of Directors, effective December 10, 2013.
  • 2Mr. Gentilcore's background includes significant leadership experience as a CEO in technology firms, most recently at Edwards Group Limited.
  • 3The Board of Directors has been expanded to nine members with this appointment.
  • 4Mr. Gentilcore has been assigned to key committees: the Audit and Finance Committee and the Management Development and Compensation Committee.
  • 5There are no reported related-person transactions involving Mr. Gentilcore.
  • 6Standard compensation for non-employee directors applies, including an annual retainer, committee fees, and equity awards in restricted stock units.

Frequently Asked Questions

Jim Gentilcore is a new director elected to Entegris's Board of Directors. He has a strong background in technology company leadership, having held chief executive positions, most recently as CEO of Edwards Group Limited.

The appointment of Jim Gentilcore increases the size of Entegris's Board of Directors to nine members. He has also been assigned to serve on two important committees: the Audit and Finance Committee and the Management Development and Compensation Committee.

As a non-employee director, Mr. Gentilcore will receive standard compensation, which includes an annual retainer of $55,000, an additional $5,000 annual fee for his service on the Audit & Finance Committee, and an annual equity award valued at $100,000 in restricted stock units. Expenses incurred for director duties will also be reimbursed.

The filing explicitly states that there are no arrangements or understandings for Mr. Gentilcore's selection and no related-person transactions with Entegris, its directors, or executive officers.