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Pivotal Systems provides the best-in-class gas flow monitoring and control technology platform for the global semiconductor industry. The company’s proprietary hardware and software utilizes advanced machine learning to enable preventative diagnostic capability resulting in an order of magnitude increase in fab productivity and capital efficiency for existing and future technology nodes.
The platform includes Pivotal’s Gas Flow Controller (GFC) product lines that offer high-accuracy, real-time monitoring and control of the most critical parameters difficult to control in wafer processing today: Gas Flow and Chamber Condition.
Pivotal Systems Corporation is listed on the Australian Securities Exchange (ASX).
What is a CDI?
The ASX uses an electronic system called CHESS for the clearance and settlement of trades on the ASX. Pivotal is incorporated in the state of Delaware in the US, which does not recognise the CHESS system of holding securities.
Accordingly, to enable companies such as Pivotal to have their securities cleared and settled electronically through CHESS, depositary instruments called CDIs are issued. CDIs represent the beneficial interest in the underlying shares in a foreign company such as Pivotal and are traded in a manner similar to shares of Australian companies listed on the ASX.
Each CDI of Pivotal represents an interest in one share of common stock in Pivotal (Share) (a 1:1 ratio). The Shares underlying the CDIs rank equally with the Shares currently on issue in the Company. The main difference between holding CDIs and Shares is that CDI holders hold the beneficial ownership in the Shares instead of legal title.
How to Purchase Pivotal Systems Shares
Like all other ASX-listed companies, Pivotal’s CDIs are traded electronically and can only be bought and sold through an ASX participant broker. The ASX maintains a registry of ASX participant brokers which can be located here.
A number of brokers outside of Australia offer their domestic clients access to certain international markets, such as the ASX. Non-Australian residents should consult their financial adviser for more information on international share trading options.
Please see here for more information on buying and selling stocks on the ASX.
NO OFFER OR SOLICITATION REGARDING SECURITIES
Contents are provided for general information purposes only and do not constitute an offer to sell or a solicitation of an offer to buy any security of Pivotal Systems Corporation (“Pivotal”) or its affiliates in any jurisdiction. Pivotal does not intend to solicit and is not soliciting, any action with respect to any security or any other contractual relationship with Pivotal. Nothing in this website or the contents thereof, individually or taken in the aggregate, constitutes an offer of securities for sale or a solicitation of an offer to buy any security in the United States, Australia or in any other jurisdiction in which such an offer or solicitation is unlawful, or to US persons.
The contents of this section, information contained in these pages, any opinion expressed therein and other contents of this website are provided solely for general information purposes, and do not constitute a sale of, offer for sale of, or solicitation of an offer to buy any securities in any jurisdiction.
CDIs have not been and will not be, registered under the US Securities Act or the securities laws of any state or other jurisdiction in the United States and may not be offered or sold in the United States, or to or for the account of any US Person in the absence of registration or an exemption from registration under the US Securities Act and applicable state securities laws.
September 9, 2020 – Presentation to ASX Small to Mid-Cap Conference
August 28, 2020 – Half-Year Results Webcast (.mp4 video)
August 28, 2020 – Half-Year Results Presentation
July 31, 2020 – Second Quarter Cash Flow Report Investor Conference Call (audio)
May 21, 2020 – Chairman’s Address to Annual General Meeting (audio)
February 29, 2020 – 2019 Financial Statements
February 28, 2020 – 2019 Full Year Results Presentation
February 28, 2020 – Appendix 4E and Annual Financial Report for the Year Ended 31 December 2019
February 28, 2020 – Appendix 4G
February 12, 2020 – Chairman’s Address to Special Meeting of Shareholders (audio)
January 30, 2020 – December 2019 Quarter Update: Investor Conference Call
August 29, 2019 – 2019 Half Year Results: Investor Conference Call
May 23, 2019 – Chairman’s Address to Shareholders
May 23, 2019 – Annual Shareholders Meeting Slide Presentation
May 23, 2019 – Audiocast of Annual Shareholders Meeting (.mp3)
April 30, 2019 – March 2019 Quarterly Update: Investor Conference Call
February 27, 2019 – Full Year 2018 Financial Results: Investor Conference Call
January 29, 2019 – December 2018 Quarterly Update: Investor Conference Call
November 13, 2018 – Revenue and Earnings Update: Investor Conference Call
August 29, 2018 – Half Year 2018 Financial Results: Investor Conference Call
Pivotal Systems Corporation Replacement Prospectus
John Hoffman has over 25 years of global high technology management experience building growth organizations in both the semiconductor and information technology markets.
Prior to joining Pivotal Systems, John was a Senior VP with Spencer Trask Ventures, a New York based venture capital firm. While at Spencer Trask, John was primarily involved in the solar and integrated circuit efforts of the firm. Prior to Spencer Trask, John was the Chief Executive Officer of RagingWire Enterprise Solutions, an Inc 500 fastest growing private company. John reorganized the company and enabled record growth in revenue and profitability during his tenure. Prior to RagingWire, John worked in various general manager roles at Applied Materials for 18 years. He was the President of the billion dollar “Etch Product Business Group”, VP and GM of the Process Control and Diagnostic Business Group and the General Manager of the Customer Service Division which grew by over 300% during his tenure.
John has a B.S. from the United States Military Academy at West Point and an Executive MBA (AEA) from Stanford University. He currently serves on several Boards of Directors and Advisory Boards.
Joseph Monkowski has extensive experience in the semiconductor industry focused on providing process equipment and metrology solutions for next generation device manufacturing.
Prior to joining Pivotal, Monkowski was the SVP of Business Development for Advanced Energy Industries, where he led the company’s M&A strategy to expand its product portfolio and position the company as a market leader in the semiconductor subsystems space. Previously, he held senior executive positions at Pacific Scientific, Photon Dynamics and Lam Research, where he served as EVP and CTO. During his career, Monkowski led efforts to design and build a number of leading CVD and plasma etch systems, winning the R&D 100 award and multiple Semiconductor International Best Product awards. He has authored numerous patents and publications.
Joseph Monkowski has a B.S., M.S. and Ph.D. in Electrical Engineering and an M.S. in Materials Science, all from Penn State University. He also served as a Professor of Electrical Engineering for six years at Penn State University.
Dennis’s experience includes serving as founder and CEO of Sequoia Financial, a CFO consulting firm serving clients in the USA, Australia, Asia and Europe and VP Finance, CFO and Corporate Secretary of ADAC Laboratories (NASDAQ:ADAC), a nuclear medicine imaging company, acquired by Philips Medical Systems in 2000. Dennis was Vice President and CFO of Zen Research, a DVD manufacturer (LSE:ZEN), Vice President Finance and Administration and CFO of Arcadia Design Systems a DSP design company, and several senior financial positions with Syntex (NYSE) a global pharmaceutical company where he helped scale the US pharma division to US$1 billion in sales. Dennis also was CFO of NuvoSun, a CIGS solar cell manufacturer acquired by The Dow Chemical Company, where he also provided ongoing support post acquisition.
Dennis received a Master of Business Administration from the Haas School of Business at the University of California at Berkeley and a Bachelor of Science also from UC Berkeley. He is an inductee into Beta Gamma Sigma and the recipient of the Wall Street Journal Student Achievement Award. He is a Board member and Trustee of several non-profit foundations.
Ryan A. Benton has been the chief financial officer of BrainChip (ASX: BRN) since August 2017. Prior to joining BrainChip, Mr. Benton served as Chief Executive Officer and Board Member at Exar Corporation (NYSE: EXAR), which was acquired by MaxLinear Corporation (NASDAQ: MXL) in May 2017. Mr. Benton joined Exar as Chief Financial Officer at Exar in 2012. Prior to joining Exar, Mr. Benton was chief financial officer of SynapSense Corporation, a private venture-backed company. Prior to SynapSense, from February 2007 to May 2012, Mr. Benton was chief financial officer of SoloPower, Inc., a manufacturer of thin-film solar cells and flexible solar modules. From November 2004 to February 2007, Mr. Benton served as a financial consultant for the United States subsidiary of ASM International NV in Phoenix, Arizona, a semiconductor capital equipment company. He also served as chief financial officer for PB Unlimited, an advertising specialty manufacturer from April 2002 through November 2004. Mr. Benton served as corporate controller for eFunds, which was a public company that provides information technology solutions for the financial service industry, where he was employed from September 2000 to March 2002.
Mr. Benton began his career in 1991 at Arthur Anderson after receiving a B.A. from the University of Texas at Austin. Mr. Benton is a licensed Certified Public Accountant.
Kevin Landis is chief investment officer of Firsthand Capital Management (FCM), an investment management firm he founded in 1994.
FCM is the investment adviser to Firsthand Technology Value Fund (NASDAQ: SVVC), a publicly-traded venture capital fund. Born and raised in Silicon Valley, Mr. Landis has over two decades of experience in engineering, market research, product management, and investing in the technology sector.
Mr. Landis holds a bachelor’s degree in electrical engineering and computer science from the University of California at Berkeley and an MBA from Santa Clara University.
Peter McGregor has over 30 years’ experience in senior finance and management roles, including having been Chief Executive Officer of technology company, Think Holdings, Chief Financial Officer of the ASX50 transport company, Asciano, and a partner in the Investment Banking firm of Goldman Sachs JBWere.
He also spent time as a Managing Director within the Institutional Banking & Markets division of Commonwealth Bank and was Chief Operating Officer of ASX-listed Australian Infrastructure Fund. Peter is an experienced company Director, having served as Chairman of the Port of Geelong and as a Director of Melbourne, Gold Coast and Darwin Airports.
He is currently a Director of the Brisbane Lions AFL club and Nutrano Produce Group Limited and is a former member of the Prime Minister’s Rail Projects Taskforce and the Business Council of the National Gallery of Victoria.
He holds a Commerce Degree from the University of Melbourne, is a Fellow of FINSIA and a Member of the Au
David Michael is Managing Director at Anzu Partners, an investment partnership which invests in innovative industrial technology companies. In addition to his role at Pivotal Systems, he is also Board member of Nuburu (industrial lasers), Axsun (MEMS-based sensors for medical and industrial uses), and Terapore (nanofiltration membranes for ultrapure water and other applications.
Mr. Michael was formerly Senior Partner and Managing Director of The Boston Consulting Group (BCG), where his career spanned numerous leadership roles across the firm. He formerly led BCG’s Greater China business and their Asia Technology Practice. He served a range of clients in semiconductors, components, hardware, software, and services. He was based for 7 years in Silicon Valley and for 16 years in Greater China. He remains a Senior Advisor to the firm.
Mr. Michael is also a board member of Taiwan Cement Corporation, a publicly traded industrial conglomerate whose businesses include specialty chemicals, lithium ion batteries, and power generation.
Mr. Michael holds a B.A. in Economics from Harvard University and an M.B.A. from Stanford.
Certificate of Incorporation (in effect at the time of listing)
Company Bylaws (in effect at the time of listing)
2019 Corporate Governance Statement
Audit and Risk Management Committee Charter
Board Charter
Code of Conduct
Continuous Disclosure Policy
Diversity Policy
Remuneration and Nomination Committee Charter
Risk Management Policy
Securities Trading Policy
Shareholder Communications Policy
Privacy Policy
For all shareholding enquiries related to Chess Depository Interests (CDIs) listed on the Australian Securities Exchange (ASX) please contact Link Market Services, using the details below.
Share Registry
All share registry enquiries are to be directed to Link Market Services Limited
Investors can visit the Pivotal Systems Investor Centre at:
https://investorcentre.linkmarketservices.com.au/Login.aspx/Login?issuer=PVS
You will need your Security Holder Reference Number (SRN) or your Holder Identification Number (HIN) and postcode when you log-in online. The Investor Centre provides a variety of important holding information and communication preferences.
Alternatively, shareholders may contact Link Market Services as follows:
Phone (Local): 1 300 554 474
Phone (International): +61 1 300 554 474
Facsimile: +61 2 9287 0303
Email: registrars@linkmarketservices.com.au
Website: www.linkmarketservices.com.au
Postal Address: Locked Bag A14, Sydney South NSW 1235
Pivotal Systems is currently covered by the sell-side analysts listed below:
Brendon Kelly, CFA
Moelis
Darren Vincent
Shaw & Partners
Please note that any opinions, estimates, or forecasts regarding Pivotal Systems’ performance made by these analysts are theirs alone and do not represent the opinions, forecasts, or predictions of Pivotal Systems, or any of its management. Pivotal Systems does not by its reference to any analysts imply its endorsement of, or concurrence with, their information, conclusions, or recommendations. Information provided by analysts is subject to change, and Pivotal Systems cannot guarantee its accuracy.
To receive news and announcements from Pivotal Systems, please subscribe below:
INVESTOR RELATIONS AND MEDIA RELATIONS (AUS)
Thomas Duthy
Nemean Group
tduthy@nemean.com.au
LEGAL COUNSEL
Australia
Maddocks
Angel Place
Level 27, 123 Pitt Street
Sydney NSW 2000
+61 2 9291 6100
United States
Fenwick & West LLP
801 California Street
Mountain View, CA 94041
+1 (650) 988-8500
MEDIA RELATIONS (US)
Rob Haralson
Anzu Partners
rhh@anzupartners.com