Exhibit 99.1
II-VI Incorporated Announces Results of Shareholders’ Meeting
and Board of Director and Officer Appointments
PITTSBURGH, PA – November 9, 2015 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq:IIVI) announced the results of its Annual Meeting of Shareholders held on Friday, November 6, 2015.
The following proposals submitted to the shareholders were approved:
| | • | | Election of Vincent D. Mattera, Jr., Marc Y.E. Pelaez and Howard H. Xia to the Company’s Board of Directors for a three-year term; |
| | • | | The non-binding advisory proposal regarding the Company’s executive compensation; |
| | • | | Amendment and restatement of the II-VI Incorporated Amended and Restated 2012 Omnibus Incentive Plan; and |
| | • | | Ratification of the Audit Committee’s selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2016. |
The Company’s Board of Directors reappointed Francis J. Kramer to serve as the Board’s Chairman and
Marc Y.E. Pelaez to serve as the Board’s Lead Independent Director.
The Company’s Board of Directors appointed the following directors to serve as members of the various committees of the Board of Directors:
Wendy F. DiCicco, Chair
Thomas E. Mistler
William Schromm
Howard H. Xia
Joseph J. Corasanti, Chair
Wendy F. DiCicco
William Schromm
Marc Y.E. Pelaez
| | • | | Corporate Governance and Nominating Committee |
Marc Y.E. Pelaez, Chair
Thomas E. Mistler
Joseph J. Corasanti
Howard H. Xia
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II-VI Incorporated
November 9, 2015
Page 2
Howard H. Xia, Chair
Thomas E. Mistler
Joseph J. Corasanti
William Schromm
Marc Y.E. Pelaez
The Company’s Board of Directors also elected the following individuals as executive officers of the Company:
| | |
| Francis J. Kramer | | Chairman and Chief Executive Officer |
| Vincent D. Mattera, Jr. | | President* |
| Mary Jane Raymond | | Chief Financial Officer, Treasurer and Assistant Secretary |
| Walter R. Bashaw II | | General Counsel and Secretary |
| Giovanni Barbarossa | | Chief Technology Officer |
| David G. Wagner | | Vice President, Human Resources |
| * | Effective November 6, 2015, Dr. Mattera vacated his position as Chief Operating Officer (COO). The COO position is currently vacant and the Company is actively seeking a candidate to fill the vacancy. Dr. Mattera will continue to fulfill the duties of the position on an interim basis until the vacancy is filled. |
About II-VI Incorporated
II-VI Incorporated, a global leader in engineered materials and opto-electronic components is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Headquartered in Saxonburg, Pennsylvania, with research and development, manufacturing, sales, service and distribution facilities worldwide, the Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms including integrated with advanced software to enable our customers’ success.
| | |
| CONTACT: | | II-VI Incorporated |
| | Mary Jane Raymond, Chief Financial Officer, Treasurer and Assistant Secretary |
| | (724) 352-4455 |
| | maryjane.raymond@ii-vi.com |
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