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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): January 27, 2021
VEECO INSTRUMENTS INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)
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0-16244
(Commission
File Number)
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11-2989601
(IRS Employer
Identification No.)
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Terminal Drive, Plainview, New York 11803
(Address of principal executive offices)
(516) 677-0200
(Registrant’s telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
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 to 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))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share
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VECO
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The NASDAQ Global Select Market
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01 Other Events.
As previously announced on the October 27, 2020 conference
call discussing Veeco Instruments Inc.’s financial results for the quarter ended September 30, 2020, Veeco is changing
the reporting of revenue by end-market in order to simplify reporting and better align with the Company’s strategy.
For
comparative purposes, the Company has recast historical information into the new end-market categories, which is included in a
presentation posted on its website (www.veeco.com) on January 27, 2021.
Copies of the presentation are furnished as Exhibit 99.1
to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
EXHIBIT INDEX
Limitation on Incorporation by Reference
In accordance with general instruction B.2 of Form 8-K,
the information in this report, including exhibits, is furnished pursuant to Items 8.01 and 9.01 and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise
subject to the liability of that section, nor shall this information or exhibits be deemed to be incorporated by reference into
any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference
in such a filing.
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.
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January 27, 2021
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VEECO INSTRUMENTS INC.
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By:
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/s/ Kirk Mackey
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Name:
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Kirk Mackey
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Title:
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Vice President, Head of Legal and Secretary
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Exhibit 99.1
Veeco (Nasdaq: VECO) January 27, 2021 Veeco Revenue by End - Market Update
January 2021 End - Markets Update | Copyright © 2021 Veeco Instruments Inc. All Rights Reserved. 2 End - Market Update New end - market presentation aligns with Veeco’s strategic focus Front - End Semiconductor Scientific & Industrial (Includes Data Storage) LED Lighting, Display & Compound Semiconductor Advanced Packaging, MEMS & RF Filters Semiconductor (Includes Front End Semiconductor, EUV Mask Blank and Advanced Packaging markets) Scientific & Other (Includes research institutions, governments, universities and other applications) Compound Semiconductor (Includes Photonics*, Power Electronics and RF Filter & Device markets) Data Storage (Includes equipment for thin film magnetic head market) New End - Markets Former End - Markets *Note: Photonics includes specialty, mini and MicroLEDs , VCSELs, Laser Diodes
January 2021 End - Markets Update | Copyright © 2021 Veeco Instruments Inc. All Rights Reserved. Historical Revenue by End - Market (Former and New) 3 Amounts may not calculate precisely due to rounding. Former End - Markets New End - Markets $M Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Front-End Semiconductor 9.4 18.2 13.5 21.5 62.6 22.6 24.5 33.6 39.4 120.1 31.4 17.8 20.8 LED Lighting, Display & Compound Semi 89.9 87.8 58.9 13.4 250.0 13.6 9.7 24.0 25.5 72.8 15.4 16.0 20.1 Advanced Packaging, MEMS & RF Filters 27.2 24.8 24.6 14.3 90.8 23.1 16.4 11.4 16.0 66.9 8.6 21.5 18.7 Scientific & Industrial 32.0 27.1 29.9 49.8 138.7 40.1 47.2 40.0 32.3 159.5 49.1 43.4 52.5 Grand Total 158.6 157.8 126.8 99.0 542.1 99.4 97.8 109.0 113.2 419.3 104.5 98.6 112.1 20202018 2019 $M Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Semiconductor 31.7 39.1 33.4 33.7 137.8 44.6 37.8 41.8 51.3 175.6 37.4 37.5 33.6 Compound Semi 91.2 91.4 63.2 14.5 260.3 15.0 16.4 26.3 28.1 85.9 18.4 17.7 26.6 Data Storage 12.4 10.0 10.9 35.8 69.1 19.6 22.7 24.1 17.6 84.1 38.9 28.3 36.9 Scientific & Other 23.3 17.2 19.3 15.0 74.8 20.2 20.8 16.6 16.2 73.8 9.8 15.1 15.0 Grand Total 158.6 157.8 126.8 99.0 542.1 99.4 97.8 109.0 113.2 419.3 104.5 98.6 112.1 20202018 2019