BEVERLY, Mass., Aug. 26, 2014 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS ) announced that its Board of Directors has approved a modification to the Company's Governance Policies, effective August 22, 2014, which states that "no Director who has reached the age of 75 or will reach that age on or before the date of the next annual shareholders' meeting will be nominated for election at that meeting." As a result of this modification, certain directors of the Company will not be nominated for re-election at the Company's 2015 Annual Meeting of Stockholders. "This announcement is a part of our continuing efforts to ensure our corporate governance framework is in line with current best practice," said Chairman and CEO Mary Puma. "In addition, this modification represents a continuation of our Board Succession plan that began with the election of Joseph P. Keithley in 2011 and continued with Arthur L. George, Jr. and Barbara J. Lundberg at the May 2014 Annual Stockholder Meeting."