Intevac INC 8-K filings

Intevac, Inc. has been acquired by Seagate Technology Holdings plc through a merger, resulting in the delisting of Intevac's common stock from the Nasdaq.

Seagate Technology Holdings plc will acquire Intevac, Inc. in an all-cash transaction for $4.00 per share, plus a special dividend of $0.052 per share and a regular dividend of $0.05 per share.

Intevac is ceasing its TRIO product line, restructuring operations, initiating a dividend, and exploring strategic alternatives while focusing on its Hard Disk Drive (HDD) business.

Intevac appoints Ryan L. Vardeman to its board, reports better-than-expected Q3 results driven by HDD upgrades, and announces a restructuring to focus on its core HDD business.

Intevac has appointed Kevin Barber as its new Board Chairman, replacing David S. Dury, who will remain on the board until the 2025 annual meeting.

Intevac has appointed Eiji Miyanaga, former CEO of Ferrotec (USA) Corporation, to its Board of Directors to enhance its presence in Asia-based electronics manufacturing markets.

Intevac's second quarter 2024 financial results show significant revenue growth and improved profitability, driven by strong demand for hard disk drive (HDD) media technology upgrades.

Intevac has announced the appointment of Cameron McAulay as its new Chief Financial Officer, effective July 10, 2024.

Intevac's stockholders approved amendments to the Employee Stock Purchase Plan and Equity Incentive Plan, and elected directors at the 2024 annual meeting.

Intevac's Q1 2024 results show strong demand for HDD technology upgrades, leading to nearly $10 million in sales and the shipment of their first TRIO system.

Intevac's 2023 revenue surged by 47% year-over-year, fueled by strong demand for HDD upgrades and the successful qualification of their new TRIO platform.