Intevac Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

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Nov 21, 2022

Intevac, Inc. (Nasdaq: IVAC, “Intevac” or “the Company”), a leading supplier of thin-film processing systems, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to Eva Valencia in connection with her appointment as Intevac’s new Vice President of Sales and Service in November 2022. Such grants were made under the Intevac, Inc. 2022 Inducement Equity Incentive Plan, which Intevac’s board of directors approved and adopted on January 19, 2022.