AXTI » Topics » Item 8.01 Other Events

This excerpt taken from the AXTI 8-K filed Apr 29, 2009.

Item 8.01 Other Events

 

At its meeting held on April 27, 2009, the Compensation Committee of the Board of Directors of the Company approved the award of such number of shares of restricted stock to each of its directors equal to $20,000 divided by the Company’s closing stock price on April 27, 2009 of $0.88, for an award to each member of the Board of Directors of 22,727 shares of Common Stock.  These shares vest in equal annual installments over three years on the anniversary of the date of grant.  Although the Compensation Committee had previously adopted a policy providing for an annual award of shares of restricted stock to members of the Board of Directors consisting of such number of shares of restricted stock valued at $25,000, based upon the closing stock price on the date of the grant, the Compensation Committee determined to reduce the 2009 annual award as described above given the Company’s current stock price.

 

This excerpt taken from the AXTI 8-K filed Apr 1, 2008.

Item 8.01 Other Events

 

On March 28, 2008, AXT, Inc. (“AXT” or the “Company”) completed its sale of the property and building at 4311 Solar Way (the “Property”) to Car West Auto Body, Inc., a California corporation.  The final purchase price for the Property was $5.3 million.  Accordingly, AXT received net proceeds of approximately $5.1 million, after deducting commissions and selling expenses.

 

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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.

 

 

 

AXT, INC.

 

 

 

 

Date: April 1, 2008

 

By:

 /s/ WILSON W. CHEUNG

 

 

 

Wilson W. Cheung

 

 

 

Chief Financial Officer

 

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This excerpt taken from the AXTI 8-K filed Feb 29, 2008.

Item 8.01 Other Events

 

On February 29, 2008, AXT, Inc., a Delaware corporation, issued a press release announcing the adoption of a 10b5-1 trading plan by Mr. Wilson W. Cheung, Chief Financial Officer and Corporate Secretary.

 

Under the trading plan, during the twelve month period commencing on March 1, 2008, Mr. Cheung plans to sell up to 143,042 shares of AXT common stock in open market transactions.

 

The press release is furnished as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.

 

This excerpt taken from the AXTI 8-K filed Nov 28, 2007.

Item 8.01 Other Events

 

On November 27, 2007, AXT, Inc., a Delaware corporation, issued a press release announcing the appointment of Mr. Chia-li Wei as Chief Technology Officer effective December 1, 2007.  Mr. Wei will report to Dr. Phil C.S. Yin, chairman and chief executive officer.

 

The press release is furnished as exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

On November 28, 2007, AXT, Inc., a Delaware corporation, issued a press release announcing the adoption of 10b5-1 Plan by Dr. Morris Young, Founder and Director.  Under the trading Plan, during the seventeen month period commencing on December 1, 2007, Dr. Young plans to sell up to 700,000 shares of AXT common stock in open market transactions.

 

The press release is furnished as exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

 

This excerpt taken from the AXTI 8-K filed Jul 27, 2005.

Item 8.01 Other Events

 

On July 27, 2005, AXT, Inc., a Delaware corporation, issued a press release announcing the continuation of its stock repurchase program in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 to provide for the repurchase of up to $2 million of the company’s common stock or until July 31, 2006, whichever is earlier.  The press release is furnished as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.

 

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