Leadership & Pay ·
CVD Equipment Corporation announced a restructuring plan to discontinue its CVD equipment business and cease pursuing…
CVVCvd Equipment Corp
CVD Equipment Corporation announced a restructuring plan to discontinue its CVD equipment business and cease pursuing new system orders. The company is reducing its workforce by approximately half to support remaining backlog, warranty obligations, and an ongoing spare parts, quartz, and services operation. A restructuring charge of $0.8 million to $1.0 million is expected in the quarter ending September 30, 2026. CEO Emmanuel Lakios departed effective immediately, with VP Warren Cheesman appointed as Acting CEO. The company holds $23.5 million in cash and no debt while evaluating asset monetization opportunities. CVD Equipment Corporation designs and manufactures chemical vapor deposition equipment for industrial and research applications.