Semitool Accepts Resignation of L. Peter Larson as Member of Board of Directors
Monday July 7, 4:35 pm ET
KALISPELL, Mont.--(BUSINESS WIRE)--July 7, 2003--Semitool, Inc. (Nasdaq:SMTL - News), a leading supplier of wafer surface preparation and electrochemical deposition (ECD) systems, today announced that L. Peter Larson resigned from the Company's board of directors.
Larson, the former chairman and chief executive of American Timber Company and a current Director of Glacier Bancorp (Nasdaq:GBCI - News), had served as a Director since December 2000, and was a member of the Board's compensation and audit committees. No immediate replacement has been named.
Raymon F. Thompson, founder, chairman and chief executive of Semitool, said, "Pete has been a valuable and important director since joining the Board, and we greatly appreciate his advice and support over the years. On behalf of all of us on the Board, I thank Pete for his assistance, management advice and the entrepreneurial spirit he shared with us throughout his tenure."
Thompson noted that the Board will shortly begin a search for an additional outside Director.
Semitool is a worldwide leader in the design, development, manufacture, and support of high performance, single-wafer and batch wet chemical processing systems for use in the fabrication of semiconductor devices. The company's primary suites of equipment include electrochemical deposition systems for electroplating copper, gold, solder and other metals; surface preparation systems for cleaning, stripping and etching silicon wafers; and wafer transport container cleaning systems. The company's equipment is used in semiconductor fabrication front-end and back-end processes, including wafer level packaging.
Headquartered in Kalispell, Montana, Semitool maintains sales and support centers in the United States, Europe and Asia. The company's stock trades on the Nasdaq National Market under the symbol SMTL. More information is available at the company's website, www.semitool.com.
Semitool is a registered trademark of Semitool, Inc.
Safe Harbor Statement:
The matters discussed in this news release include forward-looking statements. These include statements relating to the company's search for an additional outside director and the ability to find a qualified appointee. Our business in general is subject to risks and uncertainties that could cause actual results to materially differ from those projected in such forward-looking statements, including, but not limited to, the cyclicality in the semiconductor industry, rapid technological change, the introduction of competing products and technologies and market non-acceptance of Semitool's new products and new applications for existing products, as well as, other risk factors related to our business contained in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. We assume no obligation to update forward-looking statements that become untrue because of subsequent events.
Contact:
Semitool, Inc.
Larry A. Viano, 406/752-2107
or
Investor Relations Partners, Inc.
Shellie Roth, 973/535-8389
roth@irpartners.com
Source: Semitool, Inc. |
