UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 7, 2007
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Ibis Technology Corporation
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(Exact name of registrant as specified in its charter)
Massachusetts 0-23150 04-2987600
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
32 Cherry Hill Drive, Danvers, Massachusetts 01923
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (978) 777-4247
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Director;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers
On November 4, 2007, the Company's Board of Directors appointed Martin Reid as
President and Chief Executive Officer and approved a one-year extension of his
employment agreement to December 31, 2008. Other terms and conditions of the
existing agreement are unchanged.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Extension of Employment Agreement, dated November 4, 2007
99.1. Press Release issued by Ibis Technology Corporation on
December 7, 2007.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
IBIS TECHNOLOGY CORPORATION
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Date: December 7, 2007 /s/ William J. Schmidt
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William J. Schmidt
Chief Financial Officer
EXHIBIT INDEX
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Exhibit
Number Description
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10.1 Extension of Employment Agreement
99.1. Press Release issued by Ibis Technology Corporation on
December 7, 2007.