Axcelis Technologies Inc. announced that its Board of Directors has approved a modification to the company's Governance Policies, effective August 22, 2014, which states that 'no Director who has reached the age of 75 or will reach that age on or before the date of the next annual shareholders' meeting will be nominated for election at that meeting'. As a result of this modification, certain directors of the company will not be nominated for re-election at the company's 2015 Annual Meeting of Stockholders. In addition, this modification represents a continuation of the company's Board Succession plan that began with the election of Joseph P. Keithley in 2011 and continued with Arthur L. George, Jr. and Barbara J. Lundberg at the May 2014 Annual Stockholder Meeting.

The directors affected by this policy and who will not be nominated for re-election at the company's 2015 Annual Meeting of Stockholders are Stephen R. Hardis, William C. Jennings and H. Brian Thompson.