The Ledger ResearchPrivate

The Front Office

Scouting report · AEIS

Paul R. Oldham

  • Executive Vice President & Chief Financial Officer, AEIS since 2018-05src

EVP & CFO of Advanced Energy since May 2018; ESI CFO 2008-2017

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design67revenue, operating income, fcf, individual, relative tsr, margin, time only · 98.7% for · 2.56% of net income
Skin in the game—no holding or price on file
Age
63src
In the role
8 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 4

  • Sold 12,488 shares for about $3.0m in the past year, all under a 10b5-1 plan adopted 2025-08-20: an option exercise and same-day sale in November 2025, then a sale in March 2026src
  • Deferred his 15,466 vested 2023 PSU shares into phantom stock on 2026-02-18. A week later (2026-02-25) he moved 6,324 phantom shares into other investments in the deferred-compensation plansrc
  • A Form 4 filed 2025-02-21 understated the shares withheld for tax. It was corrected by a Form 4/A on 2026-03-19, which the company called an administrative errorsrc
  • The company says earlier proxies misstated the 2023 PSU grant values (target shares x the grant-date price rather than the ASC 718 fair value). This is a pay-disclosure control lapse in the period he was CFOsrc

In their favour 1

  • Company policy bars hedging and pledging. His ownership guideline is 3x salary, and the proxy says all executives meet it or are on tracksrc

Career

  1. 2018-05 – now
    Advanced Energy Industriessrc
    EVP & Chief Financial Officer
    Hired on a $400k salary, 70% bonus target and $800k target LTI (8K-2018-03-29). He handed the principal-accounting-officer role to the new CAO, Bernard Colpitts, on 2023-11-08
  2. 2016-02 – 2017-12
    Electro Scientific Industries (laser production equipment)src
    SVP of Administration, CFO & Corporate Secretary
    2016-02-17 to 2017-12-04
  3. 2008-01 – 2016-02
    Electro Scientific Industriessrc
    VP of Administration, CFO & Corporate Secretary
    From 2008-01-07; the hire was announced in December 2007 (WS-esi-2007)
  4. 1988 – 2007
    Tektronix, Inc.src
    Finance roles, including VP Finance & Corporate Controller, VP Treasurer & Investor Relations, and European Operations Controller

Not located: 2017-12 to 2018-05, between ESI and Advanced Energy, is not described. The dates of the individual Tektronix roles are not itemised in any source searched

Achievements

  • CFO of Advanced Energy since May 2018, covering the Wasserman and Kelley CEO tenuressrc
  • Was CFO and Corporate Secretary of Electro Scientific Industries for ten years (2008-2017), after about twenty years in finance at Tektronixsrc
  • Advanced Energy revenue went from $1,482.0m (FY2024) to $1,798.8m (FY2025); net income from $54.2m to $148.4msrc
  • His 2025 bonus paid 144.4% of target ($687,344) on the revenue, operating-income and cash-flow formula, with no discretionary adjustmentsrc

Education

  • Brigham Young University, BS Accountingsrc
  • Brigham Young University, MBA Accounting and Financesrc

Background

  • Family The 2026 proxy states there is no family relationship among any of the directors and executive officers. His 2018 appointment 8-K said the samesrc
  • Legal The proxy reports no Item 401(f) legal proceedings involving any officer or director in the past ten yearssrc
  • Other Held the corporate-secretary role alongside CFO at ESI; spent about twenty years at Tektronix in controllership, treasury, investor relations and European operations financesrc
  • Other Severance: 1.5x salary plus target bonus and full vesting (PSUs at maximum) on a change-in-control termination; 1x salary plus pro-rata bonus otherwisesrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

13
  1. Filing Advanced Energy Industries DEF 14A (accession 0001104659-26-035159) · 2026-03-26
  2. Filing Advanced Energy 8-K Items 5.02/5.03/5.07, 2026 annual meeting results (0001104659-26-057731) · 2026-05-08
  3. Filing Advanced Energy 8-K Item 5.02, appointment of Paul R Oldham as EVP & CFO, offer letter (0000927003-18-000013) · 2018-03-29
  4. Filing Advanced Energy 8-K Item 5.02, Chief Accounting Officer appointment and amended severance agreements (0001558370-23-018255) · 2023-11-08
  5. Filing Advanced Energy 10-K for FY2025 (0001104659-26-014731); income statement · 2026-02-13
  6. Filing SEC XBRL companyconcept us-gaap/ProfitLoss, CIK 927003 (FY2025 10-K, 0001104659-26-014731); the FY2025 10-K tags net income as ProfitLoss, not NetIncomeLoss · 2026-02-13
  7. Filing Form 4, Paul R Oldham (reporting CIK 1421764), option exercise and sale of 2025-11-19 (0001193125-25-291217) · 2025-11-21
  8. Filing Form 4, Paul R Oldham, 2023 PSU vesting deferred into phantom stock, 2026-02-18 (0001193125-26-061756) · 2026-02-20
  9. Filing Form 4, Paul R Oldham, phantom stock moved to other deferred-plan investments, 2026-02-25 (0001193125-26-083560) · 2026-02-27
  10. Filing Form 4, Paul R Oldham, RSU vesting, tax withholding and 2026 grants of 2026-03-01 (0001421764-26-000002) · 2026-03-03
  11. Filing Form 4, Paul R Oldham, sale of 2026-03-18 (0001421764-26-000004) · 2026-03-19
  12. Filing Form 4/A, Paul R Oldham, correcting the tax-withholding count in the Form 4 of 2025-02-21 (0001421764-26-000006) · 2026-03-19
  13. Web search result WebSearch: Photonics.com, 'Electro Scientific Hires Paul Oldham as CFO' (December 2007) · 2026-09-24