[8-K] AXT Inc Reports Material Event

Rhea-AI Filing Summary

Telos Corporation (NASDAQ: TLS) filed an 8-K announcing the appointment of Donald Joseph “DJ” Terreri, 43, as Controller, Chief Accounting Officer and principal accounting officer, effective 8 July 2025. Terreri will report to CFO Mark Bendza and receive a $285,000 base salary, standard benefits, eligibility for the annual bonus plan and equity awards.

Terreri brings more than a decade of senior accounting experience: Regional Finance Director for CBRE’s Government & Defense business (2024-2025), Corporate Controller for J&J Worldwide Services (2022-2024), and Principal Accounting Officer at ICF International (NASDAQ: ICFI) (2020-2022). Earlier roles include Controller at Privia Health and multiple corporate accounting positions at Discovery Communications. He is a Certified Public Accountant and holds a B.S. in Accounting & Information Systems from Virginia Tech.

The filing is limited to the leadership change; it contains no financial performance data or strategic transaction disclosures. For investors, the news signals reinforcement of Telos’ financial reporting function but is unlikely to have a near-term earnings impact.

Positive

• Addition of a seasoned CPA with prior principal accounting officer experience should strengthen Telos’ financial reporting and internal control environment.

Negative

• None.

Insights

Senior Financial Analyst

TL;DR: Experienced CPA named principal accounting officer; governance strengthened, financial impact minimal.

Telos’ decision to elevate DJ Terreri to principal accounting officer modestly enhances the company’s internal controls and Sarbanes-Oxley compliance posture. Terreri’s résumé—public company PAO experience at ICFI and government-focused finance roles—fits Telos’ federal cybersecurity customer base. Compensation is market-standard, so no cost surprise. While the hire supports audit readiness and may streamline future filings, it does not materially affect revenue visibility or backlog. I therefore view the announcement as neutral from a valuation standpoint with a slight positive tilt in governance quality.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 9, 2025

AXT, INC.

(Exact name of registrant as specified in its charter)

Delaware		000-24085		94-3031310
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

4281 Technology Drive

Fremont, California 94538

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (510) 438-4700

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)

☐ Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))

☐ Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:		Trading Symbol		Name of each exchange on which registered:
Common Stock, $0.001 par value		AXTI		The NASDAQ Stock Market LLC

Item 2.02 Results of Operations and Financial Condition

On July 9, 2025, AXT, Inc. issued a press release announcing certain unaudited preliminary revenue results for the second quarter ended June 30, 2025. A copy of the press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure

The information in Item 2.02 of this report is incorporated by reference into this Item 7.01.

The information in Items 2.02 and 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being “furnished” and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d)       Exhibits.

Exhibit No.		Description
99.1		Press release, dated July 9, 2025
104		Cover Page Interactive Data File (formatted as inline XBRL)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AXT, INC.
Date: July 9, 2025	By:	/s/ Gary L. Fischer
		Gary L. Fischer
		Chief Financial Officer and Corporate Secretary

FAQ

Who was appointed principal accounting officer at Telos (TLS)?

Telos appointed Donald Joseph "DJ" Terreri as Controller, Chief Accounting Officer and principal accounting officer.

What is DJ Terreri’s compensation at Telos?

He will receive a $285,000 annual salary, standard benefits, and is eligible for bonuses and equity awards.

When did Telos’ board approve the appointment?

The Board of Directors approved the appointment on 8 July 2025.

What relevant experience does the new officer bring?

Terreri was previously Regional Finance Director at CBRE Government & Defense, Corporate Controller at J&J Worldwide, and Principal Accounting Officer at ICF International.

Does the 8-K include any financial results or guidance?

No. The filing is limited to the officer appointment and contains no earnings or guidance updates.