AXT Inc (AXTI)

Morris S. Young co-founded AXT in 1986 and runs it today as chairman and chief executive. He was chief executive from 1989 to May 2004, then chief technology officer until he retired in 2006, and was brought back as chief executive on July 16, 2009; he has chaired the board again since August 12, 2021. Before AXT he was a physicist at Lawrence Livermore National Laboratory from 1985 to 1989, and he holds a doctorate in metallurgy. The 2026 proxy statement gives his age as 81. 123

The only other executive officer is Gary L. Fischer, chief financial officer and corporate secretary since August 2014. He had been finance chief of eRide, a GPS chip designer, from 2005 until it was acquired in 2009, and before that spent 1993 to 2005 at Integrated Silicon Solution, rising to president and chief operating officer. The board has four members: Young; Jesse Chen, a director since February 1998 and the lead independent director, who chaired the board until August 2021; David C. Chang, a director since December 2000, who was president of Polytechnic University in New York from 1994 to 2005; and Leonard J. LeBlanc, back on the board since July 2025 after serving from 2003 to 2021, a former chief financial officer of Cadence Design Systems. 4567891011

At the end of 2025 AXT and Tongmei, its Chinese operating company, had 1,072 employees: 23 at headquarters in Fremont, California, one salesperson in France and 1,048 in its factories in China. Counting the 469 people at its consolidated raw-material companies, the group had 1,541: 1,137 in manufacturing, 188 in sales and administration and 216 in research and development, with 1,517 of them in China. Most of the employees in China, 1,383 people, are represented by unions; the company says it has never had a work stoppage. 12131415