Slide Investor
Relations

Slide ASX Notices

Slide Media Releases

October 29, 2021 – Pivotal Systems Signs MOU With Forge Nano 

September 24, 2021 – Pivotal Systems Establishes Scientific Advisory Board with Distinguished ALD Expert as First Member

June 19, 2021 – Derek Brodie joins Pivotal Systems as VP Worldwide Field Operations 

Slide Company Information

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).

Slide Stock Information

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.

Slide Annual Reports

2021 Annual Report

2020 Annual Report

2019 Annual Report

2018 Annual Report

Slide Events and Presentations

31 August 2022 – First Half 2022 Financial Results: Investor Conference Call (Audio)

Pivotal Systems – Second Quarter Cash Flow Report Investor Conference Call (Audio)

Presentation to 14th Annual CEO Summit – July 2022

Stocks Down Under Interview with incoming CEO Kevin Hill – May 2022

May 18, 2022 – Pivotal Systems – Annual Meeting – Investor Presentation

Pivotal Systems – May 2022 Tech Broker Briefing (Audio)

Pivotal Systems – First Quarter Cash Flow Report Investor Conference Call (Audio)

February 25 2022 – Full Year 2021 Financial Results: Investor Conference Call (Video)

February 3, 2022 – Pivotal Systems – Business Update / Equity Raising – Investor Presentation

December 8, 2021 – Pivotal Systems – CEO Investor Summit

October 28, 2021 – Pivotal Systems – Third Quarter Cash Flow Report Investor Conference Call (Audio)

August 27, 2021 – First Half 2021 Results Presentation (Video)

July 21, 2021 – Pivotal Systems – Second Quarter Cash Flow Report Investor Conference Call (Audio)

June 21, 2021 – Roth Capital London Conference Presentation

June 1, 2021 – Pivotal Presentation to Summer Solstice Best Idea Conference (Video)

May 21, 2021 – Chairman’s Address & General Meeting Presentation (Video) 

April 29, 2021 – First Quarter Cash Flow Report Investor Conference Call (Audio) 

February 26, 2021 – 2020 Full Year Results Presentation (.mp4 video)

February 3, 2021 – Presentation at Reach Markets: “Meet the CEO” webinar (.mp4 video)

January 28, 2021 – Fourth Quarter Cash Flow Report Investor Conference Call  (Audio)

Nov 18, 2020 – Presentation to Stocks Down Under Semiconductor Virtual Conference (.mp4 video)

October 30, 2020 – Third Quarter Cash Flow Report Investor Conference Call (Audio)

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

Slide Executive Management Team

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.

Ronald (Ron) C. Warrington has over 25 years as an operating executive, venture investor, strategic advisor, and management consultant.  Earlier this year, he helped launch the IPO of Atlantic Coastal Acquisition Corp. (Nasdaq: ACAH), a $345 million Special Purpose Acquisition Company focused on the future of mobility, and is a Managing Partner at Sandy Hill Ventures, LLC an investment firm with interests in both private and public companies.

Ron  holds a Master of Business Administration (MBA) from Harvard University and a Bachelor of Arts in Economics from the University of California, Berkeley. He is a Board Member at Pace Funding Group LLC.

Slide Board of Directors

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.

 
 
 

Jason Korman is a Partner at Viburnum Funds, an Australian-based active ownership investment management firm and a major shareholder of Pivotal.

Jason has over 10 years’ experience in private equity and investment management across Australia, Singapore and the USA at BGH Capital, Argand Partners and CHAMP Private Equity. He has been involved in numerous investments, exits and financings across a range of sectors including technology, education, manufacturing, chemicals and general industrial. Prior to this, Jason worked in investment banking at Credit Suisse.

Jason graduated from the University of Melbourne with a Bachelor of Commerce (Honors).

Slide Scientific Advisory Board

Professor Bent is the Jagdeep and Roshni Singh Professor at Stanford University, where she holds appointments as Vice Provost for Graduate Education and Postdoctoral Affairs, Professor of Chemical Engineering, and Professor, by courtesy, of Chemistry, of Materials Science and Engineering, and of Electrical Engineering.

She is a globally recognized thought leader in surface and interfacial chemistry and holds many prestigious awards and positions, including winner of the American Vacuum Society 2021 ALD Innovator Award for original work and leadership in ALD, winner of the American Chemical Society 2018 Award in Surface Chemistry, election to the U.S. National Academy of Engineering, Fellow of the American Chemical Society, and Fellow of the American Vacuum Society, among others.

At Pivotal, Professor Bent’s expertise will help guide research and development programs in semiconductor or in adjacent markets.

Slide Corporate Governance

Certificate of Incorporation (in effect at the time of listing)

Company Bylaws (in effect at the time of listing)

2021 Corporate Governance Statement

Pivotal Anti-Bribery and Corruption Policy

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

Whistleblower Policy

Slide Share Registry

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

Slide Analyst Coverage

Pivotal Systems is currently covered by the sell-side analysts listed below:

Sean Kiriwan
Moelis

David McFadyen
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.

Slide Sign Up for Email Alerts

To receive news and announcements from Pivotal Systems, please subscribe below:

* indicates required

Slide Contacts

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)

Leanne Sievers
Shelton Group
lsievers@sheltongroup.com