Tranche Update on Intevac, Inc.'s Equity Buyback Plan announced on November 21, 2013.
January 31, 2019 at 02:36 am IST
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From September 30, 2018 to December 29, 2018, the company has repurchased 120,000 shares, representing 0.53% for $0.56 million. With this, the company has completed the repurchase of 4,964,000 shares, representing 21.83% for $29.01 million under the buyback announced on November 21, 2013.
Intevac, Inc. is a provider of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. The Company operates through a single segment, which is Thin Film Equipment (TFE). The TFE segment designs, develops and markets vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard disk drive (HDD) and advanced coatings (ADVC) markets, as well as other adjacent thin-film markets. In HDD Equipment Market, it designs, manufactures, markets and services complex capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks. In ADVC Market, the Company develops equipment to deposit optically transparent thin films onto display cover panels typically found on consumer and automotive electronics products. Its products include 200 Lean Disk Sputtering System, TRIO, and upgrades, spares, consumables and services (non-systems business).
INTEVAC, INC. 
