Russell J. Low has been the CEO of Axcelis Technologies since May 2023. Before that, he served as Executive Vice President for Global Customer and Engineering Operations, and was critical in driving the company’s strategy for growth. He has over...

Current Market Cap

$2.29B

Number of Employees

1.7K

Total Compensation

2023 - 2023

Trending up by 0.00% last year
Showing total compensation for the last 2023 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$1.06M

Salary

$530.10K

Board Justification

The compensation philosophy is designed to align executive pay with performance, ensuring that a significant portion of compensation is performance-based and competitive with peer companies.

Bonus

$519.07K

Board Justification

The annual cash incentive compensation realized by Dr. Low under the 2023 Axcelis Management Incentive Plan was based on a plan score of 112.55%, reflecting the achievement of 2023 revenues and profitability above the Company’s profit plan.

Other

$9.90K

Board Justification

This includes matching contributions to the 401(k) plan and the value of service awards received in the year.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the focus is on the cash and bonus components for total compensation calculations.

Performance Metrics

The performance metrics for Dr. Low's compensation in 2023 were based on revenue, operating profit, and gross margin targets.

SEC Filing

From March 29, 2024