Resonant (RESN) Taps Cascade Microtech's Killian as CFO
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Resonant Inc. (Nasdaq: RESN) announced that its board has appointed Jeff Killian as Chief Financial Officer, effective October 24, 2016. Mr. Kilian will succeed Interim CFO Ross Goolsby.
Mr. Killian comes to Resonant with almost 30 years of relevant financial, filter and semiconductor industry experience. Since 2010, Mr. Killian was Chief Financial Officer at Cascade Microtech, Inc. (Nasdaq: CSCD), a worldwide leader in the design, development and manufacture of advanced wafer probing solutions for the electrical measurement and test of semiconductor integrated circuits and chips, until its successful sale to FormFactor (NASDAQ: FORM) in 2016. During his eight year tenure, Mr. Killian helped lead the company from a market cap of $25 million to $258 million, and drove revenue growth from $77 million to $144 million. Prior to that, Mr. Killian held several positions of increasing responsibility at TriQuint Semiconductor, Inc. (NASDAQ: TQNT) over an 11 year span, as well as US Bank for 20 years. He holds a Bachelor of Science, Business Administration and Finance from Oregon State University and an MBA from the University of Oregon.
“We welcome Jeff to the position and are very pleased to have someone of his caliber and financial skill set serve as our CFO,” said Terry Lingren, CEO and Co-Founder of Resonant, Inc. “Jeff brings a dedicated work ethic as well as proven and concentrated experience in the semiconductor industry, which makes him the perfect fit for Resonant. His wealth of experience will be instrumental as we remain focused on the further buildout of our Infinite Synthesized Network (ISN®) platform, expanding our Intellectual Property portfolio and securing licensing agreements with current and existing customers.”
Lingren added: “We would also like to thank Ross Goolsby for his service as our Interim CFO. During this transition, he played an integral role in supporting us through our most recent raise and organizational evolution.”
In connection with Mr. Killian’s appointment as Chief Financial Officer, the Company will issue to Mr. Killian an inducement award of restricted stock units for 200,000 shares of common stock. The inducement award will vest in equal quarterly installments over four years, with the first installment vesting on January 2, 2017.
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